Eternal has been the subject of a significant block deal, with Goldman Sachs selling over 1 crore shares for Rs 355.32 crore to BofA Securities at Rs 329 per share. The transaction price matched Wednesday's closing price for Eternal shares.

Market Performance

Eternal shares closed at Rs 328.20, experiencing a marginal decline of 0.24%. Despite this slight dip, the stock has shown robust performance over the past year:

• All-time high: Rs 343.90 (reached on September 22)
• One-year returns: 20%
• Outperformance: Surpassed Nifty and BSE Sensex, which posted negative 3% returns

Analyst Outlook

HSBC has expressed confidence in Eternal's prospects, raising its target price to Rs 390 from Rs 340 while maintaining a 'Buy' rating.

Market Capitalization

Eternal's market capitalization stands at an impressive Rs 3.16 lakh crore, surpassing established players like Tata Motors and Titan.

Financial Performance

The company's recent quarterly results revealed a mixed picture:

The significant drop in net profit was attributed to investments in quick commerce and going-out segments, indicating the company's focus on future growth areas.

Quick Commerce Performance

Eternal's quick commerce segment, Blinkit, demonstrated strong growth:

• Net order value: +125% year-on-year
• Outpaced competitor: Surpassed Swiggy's Instamart, which grew at 75%

This block deal and the company's financial results highlight Eternal's dynamic position in the market. While the profit decline might raise concerns, the substantial revenue growth and strategic investments in high-growth segments suggest the company is positioning itself for long-term expansion in the competitive quick commerce space.

Eternal Limited , formerly known as Zomato Limited, has announced a significant legal development concerning its wholly owned subsidiary, Blink Commerce Private Limited (BCPL). The company disclosed that a lawsuit filed against BCPL, which sought to restrict the subsidiary from infringing on registered trademarks, has been dismissed.

Lawsuit Withdrawal and Dismissal

According to Eternal Limited's statement, the plaintiffs in the case filed for withdrawal of the suit. The Hon'ble Court of CCH-10, XVIII Additional City Civil & Sessions Judge, Bengaluru, allowed the withdrawal and subsequently dismissed the case. The company confirmed receipt of the dismissal through the e-courts portal proceedings sheet on September 25, 2025.

Previous Disclosure and Timeline

The legal matter was initially disclosed by Eternal Limited on August 3, 2023. The recent announcement serves as a follow-up to that earlier disclosure, providing closure to the trademark infringement case against BCPL.

Company Statement

Sandhya Sethia, Company Secretary & Compliance Officer of Eternal Limited, stated in the official disclosure:

"We wish to submit that the plaintiffs filed for withdrawal of the aforesaid suit. The withdrawal was allowed by the Hon'ble Court (Court of CCH-10, XVIII Addl. City Civil & Sessions Judge, Bengaluru) and the suit has been dismissed."

Transparency and Compliance

In line with regulatory requirements, Eternal Limited made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured that this information will also be available on its official website, www.eternal.com .

About Eternal Limited

Eternal Limited, which changed its name from Zomato Limited, is headquartered at Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi.

This legal resolution marks a positive development for Eternal Limited and its subsidiary, Blink Commerce Private Limited, potentially allowing the companies to focus on their core business operations without the burden of ongoing trademark litigation.