Can Eternal (Zomato) Become One of India’s Biggest Consumer Tech Winners
Zomato (Eternal) Share Price Target : India’s digital consumption story is evolving rapidly, driven by rising urban incomes, convenience-led services, and deep smartphone penetration. Food delivery, quick commerce, and on-demand services are no longer luxuries—they are becoming everyday habits.
One of the biggest beneficiaries of this shift is Zomato, which was rebranded as Eternal Limited in 2025. From a simple restaurant discovery platform, the company has transformed into a multi-vertical consumer technology powerhouse.
In this article, we cover:
- Zomato (Eternal) business model
- Financial performance and fundamentals
- Zomato share price target from 2026 to 2030
- Key growth drivers and risks
- Long-term investment outlook
What Does Zomato (Eternal Limited) Do?
Eternal Limited operates a diversified, technology-driven consumer ecosystem with multiple revenue engines.
1. Food Delivery (Core Business)
Food delivery remains the backbone of the company. Zomato connects millions of users with restaurants across 1,000+ Indian cities through a highly optimized logistics and data-driven platform.
Key highlights:
- Large restaurant and customer network
- Improved unit economics and contribution margins
- Reduced cash burn compared to earlier years
- Strong brand recall and user engagement
2. Blinkit – Quick Commerce Growth Engine
Blinkit, acquired in 2022, is Eternal’s fastest-growing vertical. It delivers groceries, essentials, electronics, and lifestyle products within 10–20 minutes via dark stores.
Why Blinkit matters:
- Higher order frequency
- Strong urban adoption
- Expanding product categories
- Potential for higher long-term margins
Blinkit is widely seen as Eternal’s biggest future value driver.
Zomato (Eternal) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalization | ₹2,95,496 Cr |
| P/E Ratio | 1,572 |
| ROE | 1.71% |
| ROA | 1.47% |
| ROCE | 2.66% |
| Debt-to-Equity | 0.11 |
| Current Ratio | 3.18 |
| Dividend Yield | 0.00% |
| Face Value | ₹1 |
| 52-Week High | ₹368 |
| 52-Week Low | ₹190 |
The company trades at premium valuations, reflecting high growth expectations rather than current profitability.
Zomato (Eternal) Shareholding Pattern (Trend)
| Category | Sep 2025 |
|---|---|
| FIIs | 39.04% |
| DIIs | 30.04% |
| Government | 0.10% |
| Public | 25.12% |
| Others | 5.71% |
Rising DII participation shows growing institutional confidence in long-term prospects.
Zomato (Eternal) Share Price Target 2026
Target Range: ₹345 – ₹370
Short-term consolidation may occur due to high investments, but expanding addressable markets and improving margins should support growth.
Zomato (Eternal) Share Price Target 2027
Target Range: ₹620 – ₹640
Food delivery and quick commerce could turn strongly cash-flow positive across multiple cities, improving free cash flow visibility.
Zomato (Eternal) Share Price Target 2028
Target Range: ₹835 – ₹870
Premium services, subscriptions, cloud kitchens, and higher ARPU may push valuations to new highs.
Zomato (Eternal) Share Price Target 2029
Target Range: ₹1,150 – ₹1,185
Election-year consumption boom, advertising growth, and platform usage could drive a strong re-rating.
Zomato (Eternal) Share Price Target 2030
Target Range: ₹1,400 – ₹1,460
Focus may shift to sustainable profits, international expansion, and operational efficiency while maintaining premium valuations.
Zomato Share Price Target Table (2026–2030)
| Year | Target Range (₹) |
|---|---|
| 2026 | 345 – 370 |
| 2027 | 620 – 640 |
| 2028 | 835 – 870 |
| 2029 | 1,150 – 1,185 |
| 2030 | 1,400 – 1,460 |
Factors to Consider Before Investing
Key checkpoints investors should track:
- Unit economics (delivery cost vs order value)
- Growth of high-margin segments like Blinkit and Hyperpure
- Competitive pressure and market share trends
- Discipline in dark-store expansion and capex
- Valuation comfort at current price levels
Conclusion
Zomato (Eternal Limited) is a high-growth, high-valuation consumer tech stock. The company has crossed an important profitability milestone, operates in expanding categories, and benefits from strong brand and network effects. However, expectations are already high, and execution risk remains.
For growth-oriented investors with a long-term horizon and higher risk tolerance, Eternal can be a compelling portfolio candidate—provided position sizing and valuation discipline are maintained.
Read Also : SAIL Share Price Target From 2026,2027,2028 to 2030
Disclaimer
This article is for educational and informational purposes only, not investment advice. Stock market investments are subject to market risk. Please consult a certified financial advisor before investing.
