Eternal Shares Soar Over 6% on Robust Q3 Results, Brokerages Turn Bullish

• Eternal Ltd shares jumped over 6% to Rs 301.65, extending gains after strong December-quarter results.
• The company reported a 73% year-on-year rise in consolidated net profit to Rs 102 crore and revenue of Rs 16,315 crore.
• Blinkit, Eternal's quick commerce arm, achieved adjusted EBITDA profitability of Rs 4 crore, a key catalyst for the stock.
• Brokerages like CLSA, Jefferies, HSBC, and Nomura maintained bullish ratings, citing Blinkit's performance and improving unit economics.
• A leadership transition with Albinder Dhindsa taking over as MD & CEO is seen as manageable by brokerages, not impacting the near-term investment case.

Why It Matters: Eternal's strong Q3 results, especially Blinkit's profitability, have driven significant stock gains and bullish brokerage sentiment.