In a significant development for both the aviation and food delivery sectors, Eternal and Zomato have announced a strategic partnership. This collaboration brings together India's national carrier and one of the country's leading food delivery platforms, potentially reshaping the landscape of in-flight dining and beyond.

Key Highlights of the Partnership

• Collaborative Alliance: Eternal and Zomato have entered into a business partnership, signaling an innovative approach to their respective industries.

• Undisclosed Details: The specific terms, scope, and operational aspects of this strategic alliance have not been made public at this time.

• Potential Synergies: While details remain under wraps, the partnership could explore various avenues such as enhancing in-flight meal options, integrating food delivery services with air travel, or creating unique dining experiences for passengers.

Implications for Both Companies

This partnership represents a unique cross-industry collaboration that could benefit both Eternal and Zomato in several ways:

• For Eternal: The airline might leverage Zomato's expertise in food delivery and restaurant partnerships to enhance its in-flight dining offerings or explore new revenue streams.

• For Zomato: The food delivery giant could potentially expand its reach into the aviation sector, opening up new markets and customer segments.

Industry Impact

The alliance between Eternal and Zomato could set a precedent for future collaborations between airlines and tech-driven food service companies. As the partnership unfolds, it will be interesting to see how it influences customer experiences and operational efficiencies in both sectors.

As more information becomes available, stakeholders and industry observers will be keen to understand the full scope and potential impact of this strategic partnership between Eternal and Zomato.

Eternal Ltd. has achieved a significant milestone as its shares reached a new record high, marking an impressive surge in its market valuation. The company's stock price has demonstrated remarkable growth, positioning it among the top players in the Indian market.

Stock Performance

Eternal's shares have witnessed a stellar performance, climbing 70.00% from their 52-week low and an astounding 325.00% above the initial public offering (IPO) price. This surge has propelled the company's market capitalization to Rs 3.26 lakh crore, outpacing established giants like Titan (Rs 3.11 lakh crore) and Tata Motors (Rs 2.62 lakh crore).

Analyst Outlook

The company's strong performance has garnered positive attention from the analyst community. Out of 33 analysts covering the stock, 29 maintain 'buy' ratings, with price targets ranging from Rs 360.00 to Rs 420.00. However, it's worth noting that the stock currently trades at a high trailing price-to-earnings (PE) ratio of 993.00x, indicating investor optimism about future growth prospects.

Business Segments Performance

Blinkit: A Growth Driver

Eternal's quick commerce business, Blinkit, has emerged as a significant growth driver for the company. The segment has demonstrated impressive performance with its gross order value increasing over 120.00% year-on-year for five consecutive quarters. In the most recent quarter, Blinkit achieved a remarkable 140.00% year-on-year growth.

Food Delivery: Slowing Growth

While Blinkit shows strong momentum, the food delivery segment has experienced a slowdown in growth. Year-on-year growth in this segment has declined from 27.00% to 16.00%, indicating a moderation in expansion.

Financial Highlights

In the first quarter, Eternal reported a treasury income of Rs 235.00 crore, which exceeded its adjusted EBITDA of Rs 172.00 crore. This indicates the company's strong financial position and its ability to generate income from investments.

Future Outlook

The management of Eternal has provided guidance on future growth expectations:

1. Food Delivery: The company anticipates growth in the food delivery segment to remain between 15.00-20.00%.
2. Blinkit Expansion: Plans are in place to expand Blinkit's dark store network to 3,000 stores, indicating a strong focus on growing the quick commerce business.

As Eternal continues to evolve and expand its operations, investors and market watchers will be keenly observing how the company balances growth across its diverse business segments and maintains its market position.