Eternal Limited’s Blinkit business grew net order value 79.3% in Q2 FY27, while The Economic Times reported Jefferies lifted its target after the quarter ended Sept. 30, 2026.
NDTV Profit also reported a ₹430 target. The Economic Times said the brokerage cited quicker Blinkit store additions and improving economics, food-delivery growth above 20% and greater confidence in District.
Eternal reported that Blinkit finished the quarter with 2,751 stores after adding 308 on a net basis. The business recorded adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of ₹184 crore. Its net order value (NOV) reached ₹20,940 crore, 79.3% above the year-earlier quarter.
Chief Financial Officer Akshant Goyal said Blinkit is expected to cross 3,500 stores by March 2027. Eternal’s current plans point to about 5,000 stores by March 2028.
Eternal counted 28 million monthly transacting users for food delivery, up 16% from a year earlier. District’s NOV rose 58% to ₹3,259 crore, while food delivery recorded ₹11,445 crore in NOV, a 21.5% increase.
For the group, revenue from operations was ₹24,138 crore, up 77.6% year over year. Net profit reached ₹125 crore, compared with ₹65 crore a year earlier. On a separate adjusted basis, revenue was ₹24,621 crore, up 76%, with like-for-like growth of 58%.
The Economic Times also reported Jefferies expects Blinkit’s NOV growth to strengthen from Q3 FY27 alongside a faster store rollout.
