Zomato Share Price Jumps Again—Is It the Next FAANG of India?

Zomato’s share price has fluctuated in recent months, sometimes rising and sometimes falling, like the erratic beat of a busy delivery kitchen. However, underlying these swings is a story that is especially creative, strategically intricate, and convincing. The company, now known as Eternal Ltd., is carrying out a vision that extends well beyond restaurant listings and food delivery apps. It is transforming into a full-stack consumer logistics company with ambition and perseverance.

Eternal is changing course in a very efficient way by incorporating more recent verticals like Hyperpure for B2B supply chains and Blinkit for instant commerce. Investors are now placing bets on a thriving tech ecosystem that is being carefully and extensively engineered, rather than just biryani and burgers. The various divisions of Eternal now collaborate to achieve a common objective: market leadership in high-frequency commerce, much like a swarm of bees working in concentrated harmony.

Key Information on Eternal Ltd. (Zomato)

With Indian consumer behavior changing, Eternal’s shift to fast commerce appears to be especially advantageous. According to reports, Blinkit has increased by more than 104% annually; if this growth rate continues, it may completely alter the economics of last-mile delivery in India. However, expansion carries a cost. As a reminder that scale frequently comes before profit, analysts at Kotak and Motilal Oswal predict that Blinkit will experience an EBITDA loss of ₹250 crore for Q4 FY25.

Even though short-term profits are erratic, Eternal is sowing the seeds for long-term dominance through strategic store rollouts and deep integrations. Even though these upfront losses are significant, they are comparable to Amazon’s early years, when customer footprint and logistical strength were more important than cash flow. The objective for Eternal is remarkably similar: develop a platform that is essential to day-to-day living.

Eternal has significantly raised its baseline profitability by taking advantage of margin gains in its primary food delivery business. While Goldman Sachs is still optimistic and has set a 12-month target of ₹310, supported by the company’s plan to limit foreign shareholding in Blinkit to 49.5%, Kotak predicts a slight 10 basis point increase in margins to 8.6%. Analysts estimate that this structural change could boost Blinkit’s EBITDA by 15–20% by FY30.

Adapting services across retail, logistics, and supply, Eternal has become incredibly versatile in its new form, resembling a cross between Meituan and DoorDash. Institutional investors own more than 50% of the company’s shares, giving it not only financial but also strategic support.

Retail investors may feel as though the future is uncertain as they watch the Zomato share price fluctuate between optimism and uncertainty. However, if Eternal’s strategy is evaluated based on sustained conviction rather than quarterly blunders, it seems remarkably obvious. Every quarter is not a race to the top. It is rapidly approaching a time when its services will be considered infrastructure, becoming commonplace, essential, and almost imperceptible.

Zomato’s development may prove to be extremely successful in the upcoming years as India’s urban centers demand quicker delivery, more intelligent supply chains, and more user-friendly platforms. Like a dish awaiting the finishing touch, its share price may fluctuate for the time being. When everything comes together, though, this tech-powered kitchen might offer one of the most fulfilling returns on India’s consumer-tech menu.