Eternal (Zomato) Ltd — India’s leading food delivery, quick-commerce, and dining-out platform — is rapidly transforming into a full-scale digital convenience ecosystem. Backed by strong growth in Blinkit, expanding order volumes, rising contribution margins, and improving EBITDA, the company is well-positioned for long-term value creation.
This comprehensive guide presents share price forecasts, fundamental analysis, business drivers, financial insights, and key risks, designed for long-term investors as well as short-term traders.
Table of Contents
- Quick Snapshot: Eternal (Zomato) Ltd Share Price Forecast
- Eternal (Zomato) Ltd Share Price Today
- About Eternal (Zomato) Ltd – India’s Leading Food Delivery & Quick-Commerce Platform
- Eternal (Zomato) Ltd Share Price Target 2026
- Eternal (Zomato) Ltd Share Price Target 2027
- Eternal (Zomato) Ltd Share Price Target 2028
- Eternal (Zomato) Ltd Share Price Target 2029
- Eternal (Zomato) Ltd Share Price Target 2030
- Should You Invest in Eternal (Zomato) Ltd for the Long Term?
- Final Verdict
- FAQ on Eternal Ltd (Zomato)
Quick Snapshot: Eternal (Zomato) Ltd Share Price Forecast
| Year | Bull Case (₹) | Base Case (₹) | Bear Case (₹) |
|---|---|---|---|
| 2026 | 370 | 335 | 305 |
| 2027 | 430 | 380 | 340 |
| 2028 | 485 | 425 | 395 |
| 2029 | 535 | 475 | 440 |
| 2030 | 600 | 550 | 490 |
Eternal (Zomato) Ltd Share Price Today
(As of Latest Market Data: NSE / BSE)
| Metric | Value |
|---|---|
| Current Price | ₹285.25 |
| Day's High | ₹297.40 |
| Day's Low | ₹284.15 |
| 52-Week High | ₹368.45 |
| 52-Week Low | ₹194.80 |
| Market Cap | ₹2.75 Lakh Cr |
| P/E Ratio | 1465.21 |
| Book Value | ₹31.48 |
| Dividend Yield | 0.00% |
| Volume | 78,487,887 |
| Debt to Equity Ratio | 0.43 |
| ROE (Return on Equity) | 1.71% |
| ROC (Return on Capital Employed) | 2.66% |
| Foreign Institutional Investors (FII) | 39.04% |
| Mutual Funds (MF) | 24.68% |
| Retail & Others | 30.84% |
| Other Domestic Institutions | 5.44% |
About Eternal (Zomato) Ltd – India’s Leading Food Delivery & Quick-Commerce Platform
Eternal (Zomato) Ltd, one of India’s largest digital consumer platforms, is a market leader in food delivery, quick-commerce, and restaurant services. Originally focused on food delivery, the company has expanded its footprint across multiple business verticals, creating a comprehensive digital ecosystem.
Core Business Verticals:
- Food Delivery: A dominant player with services in 800+ cities, contributing to 44% of revenue. Strong order growth and improved operational efficiencies continue to drive this segment.
- Blinkit (Quick-Commerce): Rapidly expanding with fast delivery of essentials in under 15 minutes, Blinkit is a key growth driver.
- Hyperpure: A B2B supply chain platform serving over 76,000 restaurants, contributing to business diversification.
- Dining & Events: A robust presence in restaurant discovery and dining-out services, bolstered by its acquisition of Paytm Insider for event ticketing.
Global Footprint:
- Presence: Operates in 800+ cities across India and 23 countries internationally.
- Partnerships: 247,000+ active restaurant partners, 400,000+ delivery partners.
Eternal Ltd continues to innovate by integrating food delivery, quick-commerce, and lifestyle services to provide consumers with a seamless digital experience.
Eternal (Zomato) Ltd Share Price Target 2026: ₹305 – ₹370
In FY26, food delivery and Blinkit should continue to drive revenue growth, while operational efficiencies improve. However, short-term profitability risks remain due to Blinkit's continued expansion and investment.
| Year | Bull Case (₹) | Base Case (₹) | Bear Case (₹) |
|---|---|---|---|
| 2026 | 370 | 335 | 305 |
Growth Drivers:
- Steady growth in food delivery volumes.
- Blinkit contributing more to quick commerce.
- Strong customer demand from Tier II and Tier III cities.
Investment View: Solid upside potential driven by Blinkit's growth, but near-term risks tied to profitability and competition.
Eternal (Zomato) Ltd Share Price Target 2027: ₹340 – ₹430
By 2027, Blinkit’s contribution should increase, driving overall growth. Zomato's dining-out services and subscription offerings like Zomato Gold will further strengthen the platform’s market position.
| Year | Bull Case (₹) | Base Case (₹) | Bear Case (₹) |
|---|---|---|---|
| 2027 | 430 | 380 | 340 |
Growth Drivers:
- Expansion of Blinkit’s dark stores and improved unit economics.
- Increased adoption of Zomato Gold and subscription services.
- Synergy between food delivery and quick commerce.
Investment View: Expect growth acceleration, with Blinkit and diversified offerings boosting long-term prospects.
Eternal (Zomato) Ltd Share Price Target 2028: ₹395 – ₹485
By 2028, Zomato’s diversified revenue streams will help stabilize cash flows, with Blinkit’s operations becoming more profitable. The company is expected to focus on scaling efficiencies across its platform.
| Year | Bull Case (₹) | Base Case (₹) | Bear Case (₹) |
|---|---|---|---|
| 2028 | 485 | 425 | 395 |
Growth Drivers:
- Improved margins due to better operational scale.
- Expansion of premium services and advertising revenue.
- Global expansion of Blinkit increasing footprint.
Investment View: Strong growth trajectory as Blinkit matures, with stable returns from diverse income streams.
Eternal (Zomato) Ltd Share Price Target 2029: ₹440 – ₹535
By 2029, Zomato’s market dominance in both food delivery and quick commerce will be firmly established. Operational efficiencies will boost margins, and customer retention is expected to rise across the platform.
| Year | Bull Case (₹) | Base Case (₹) | Bear Case (₹) |
|---|---|---|---|
| 2029 | 535 | 475 | 440 |
Growth Drivers:
- Full integration of Blinkit with improved profitability.
- Strong demand for food delivery, groceries, and lifestyle services.
- Enhanced customer retention across Zomato’s ecosystem.
Investment View: Positive growth outlook with an emphasis on cost optimization and stable revenue streams.
Eternal (Zomato) Ltd Share Price Target 2030: ₹490 – ₹600
By 2030, Zomato is expected to be one of India’s leading consumer-internet platforms, with a dominant position across food delivery, quick commerce, dining-out, and lifestyle services. Improved cash flow and profitability will enhance long-term value.
| Year | Bull Case (₹) | Base Case (₹) | Bear Case (₹) |
|---|---|---|---|
| 2030 | 600 | 550 | 490 |
Growth Drivers:
- Clear dominance in food delivery and quick commerce.
- Strong cash flow and margin stability.
- Increased digital consumption and discretionary spending across India.
Investment View: Ideal for long-term wealth creation as Zomato continues its evolution into a multi-service platform.
Should You Invest in Eternal (Zomato) Ltd for the Long Term?
Bull Case: Why Zomato Could Be Attractive
- Market Leadership: Zomato dominates food delivery and has expanded into quick commerce with Blinkit, offering a multi-vertical platform.
- Strong Growth:
- Food Delivery: Continues to grow with more customers and restaurant partners.
- Quick Commerce: Blinkit’s rapid expansion is driving strong revenue growth (136% YoY).
- Scalable Business: Zomato benefits from tech and logistics efficiencies, allowing quick scaling across cities and verticals.
- Institutional Confidence: Backed by strong institutional ownership (39%) and strong market sentiment.
Bear Case: Potential Risks for Zomato
- Profitability Pressure: Blinkit’s expansion is capital-heavy and may delay profitability in the short term.
- High Competition: Strong competition from Swiggy, Amazon, and regional startups in food delivery and quick commerce.
- Regulatory Risks: Potential issues with taxes and regulations (e.g., GST demand of ₹402 Cr).
- Execution Risk: Blinkit’s growth depends on efficient logistics; any failures could slow down expected revenue growth.
- Valuation Concerns: High stock valuation (P/E: 1465) means limited downside protection.
Investment View
- Short-Term: Traders could see volatility from Blinkit investments and competition but may find short-term opportunities.
- Long-Term: Zomato has strong growth potential if it scales Blinkit and maintains market dominance. Best for long-term investors focused on India’s growing digital economy.
Final Verdict:
Zomato (Eternal Ltd) is a high-growth digital platform with a strong presence in food delivery, quick commerce (Blinkit), and dining-out services. While its long-term growth potential remains robust, short-term profitability may fluctuate due to Blinkit’s expansion and rising competition.
Investors targeting India’s digital economy and multi-vertical platforms may find Zomato attractive. However, traders should be mindful of valuation risks and market volatility that could impact short-term performance.
15. FAQ on Eternal Ltd (Zomato)
Q1. Is Eternal Ltd (Zomato) share good to buy?
Eternal Ltd (Zomato) is a high-growth digital consumer platform with strong presence in food delivery, quick commerce (Blinkit), and dining-out services. Long-term investors may benefit from its expanding revenue streams and market position, though short-term profitability may fluctuate due to competition and Blinkit's scaling.
Q2. Zomato share price target 2030?
Based on its diversified business model and growing digital economy, Zomato could potentially reach ₹490– ₹600 by 2030, driven by strong demand in food delivery, quick commerce, and dining-out services.
Q3. Why is Zomato share price falling?
Short-term declines may be due to increased competition, Blinkit’s expansion costs, or regulatory concerns, rather than fundamental weakness in the business.
Q4. Zomato share price target 2026?
With expected growth in food delivery and Blinkit, the 2026 target range is ₹305 – ₹370, as the company focuses on improving profitability and scaling its offerings.
Q5. Why is Zomato rising?
The stock may rise due to strong quarterly earnings, increased adoption of Blinkit, higher transaction volumes, and improved profitability across business segments.
Q6. What is the dividend of Zomato?
Zomato does not currently pay a dividend, as the company is focused on reinvesting profits into its growth and expansion initiatives.
Q7. Is it good to invest in Zomato?
Zomato is suitable for long-term investors looking for exposure to India's rapidly expanding digital economy and multi-vertical consumer platforms. Traders should be cautious of short-term volatility and valuation risks.
Q8. What was Zomato’s IPO price and when did it list?
Zomato went public in July 2021 with an IPO price of ₹76 per share. It was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) shortly after, making it one of the most anticipated IPOs in India.
Q9. Why is Zomato’s share price failing?
Zomato’s share price may fall due to investor concerns about profitability, rising competition from peers, increased expenditure on Blinkit’s expansion, and market volatility.
Q10. How should we use Zomato or Eternal Ltd (Zomato) Ltd?
Zomato is an excellent platform for food delivery, restaurant discovery, and dining-out services. For long-term investors, it offers growth potential in India's expanding digital ecosystem, while traders should carefully assess valuation risks in the short term.
Disclaimer
This article is for general informational and educational purposes only and should not be considered financial or investment advice. Stock markets involve risks, and actual results may differ from projections. Always conduct your own research or consult a licensed financial professional before making investment decisions. ChartMyWealth.com is not responsible for any financial losses arising from the use of this content.
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