Eternal Shares Tumble 9% Amid Management Shift, Brokerage Concerns on Competition

• Eternal shares dropped over 9% from day's high after Q3 results and management transition announcement.
• Founder and Group CEO Deepinder Goyal resigned, with Blinkit CEO Albinder Dhindsa taking over.
• Eternal reported a consolidated net profit of Rs 102 crore for Q3 FY26, a 73% YoY rise, with revenue up 202% to Rs 16,315 crore.
• Brokerages like Motilal Oswal and Emkay Global expressed concerns about increased competitive intensity in quick commerce, potentially impacting profitability.
• Despite concerns, most brokerages maintained a 'Buy' rating, with target prices ranging from Rs 360 to Rs 415, citing long-term growth potential.

Why It Matters: Eternal shares fell due to management change and competition concerns, despite strong Q3 results, but analysts remain optimistic.