Eternal shares jump 3% after Q1 results. Jefferies, CLSA and 4 other brokerages weigh in

Eternal shares rose 3% after the company posted Q1 revenue from operations of Rs 20,211 crore, a 182% jump year-on-year, though sequential net profit declined 47% from Rs 174 crore. Brokerages including JPMorgan, CLSA, Jefferies, Nomura and Motilal Oswal maintained Buy or Outperform ratings with target prices ranging from Rs 350 to Rs 506, citing accelerating growth across quick commerce and food delivery. Management raised Blinkit's steady-state EBITDA margin guidance to 6% of NOV and expects competitive intensity to remain predictable, with net working capital days set to decline from 18 to 12.