Zomato Share Price Today: Is Blinkit’s Profitability the Ultimate Game Changer?

If you had told an investor in 2022 that Zomato would be one of the most resilient large-cap stocks in 2026, they might have laughed. Yet, here we are. Zomato (now listed as ETERNAL on many platforms) has transformed from a loss-making “cash burner” into a diversified tech giant that is finally making the math work.

As of February 4, 2026, the Zomato share price is hovering around ₹284.50, reflecting a massive comeback from its all-time lows. But with the recent “sell-on-news” reaction following the Q3 results, you might be wondering: is this a temporary dip to buy, or is the “quick commerce” hype reaching a ceiling?

Key Takeaways for Investors

• Market Momentum: Current price around ₹284.50 (NSE), with a 52-week high of ₹368.45.

• Blinkit Breakthrough: For the first time, Blinkit has achieved EBITDA breakeven, proving the quick commerce model is sustainable.

• Profit Surge: Q3 FY26 saw a consolidated Net Profit of ₹102 Crore, a 73% jump year-over-year.

• Analyst Consensus: Major firms like Goldman Sachs and Jefferies maintain an average price target of ₹373.13.

The “Eternal” Rebranding and What It Means for You

Zomato’s transition to the Eternal Limited corporate identity isn’t just a fancy name change. It’s a strategic signal. The company is no longer just a food delivery app; it’s a four-pronged ecosystem consisting of:

1. Food Delivery: The high-margin cash cow.

2. Blinkit (Quick Commerce): The explosive growth engine.

3. Hyperpure (B2B): The supply chain backbone for restaurants.

4. District: The new “Going-out” segment competing with BookMyShow.

Financial Health: The Numbers Behind the Hype

The most significant shift in the Zomato share price narrative has been the transition to Inventory-Led (1P) Revenue in quick commerce. By owning the inventory, Zomato now recognizes the full value of goods sold as revenue. This helped push operational revenue to a staggering ₹16,315 Crore in Q3 FY26.

While the P/E ratio looks astronomical at first glance, remember that Zomato is in its “early profitability” phase. Investors are paying for the trajectory of earnings, not just today’s small profit.

Why the Stock Dropped Recently

Despite a 73% jump in profit, the stock recently slipped about 9%. Why? It’s a classic case of “buy the rumor, sell the news.” High expectations were already baked into the price. Additionally, the Going-out (District) segment saw widened losses of ₹121 crore as they heavily invest in events and memberships.

However, for a long-term investor, these “investing years” for District look remarkably similar to the early years of Blinkit. If management can repeat the Blinkit turnaround with District, the current price might look like a bargain two years from now.

Frequently Asked Questions (FAQs)

1. Is Zomato now called Eternal Limited?

Yes, the parent company has rebranded to Eternal Limited to reflect its multi-brand strategy (Zomato, Blinkit, Hyperpure, District), though the food delivery app still carries the Zomato name.

2. What is the 52-week high for Zomato share price?

The stock hit a high of ₹368.45 in October 2025. It is currently trading roughly 22% below that peak.

3. Why did Blinkit become profitable?

Blinkit reached EBITDA breakeven through better supply chain efficiency, higher order frequency from “Gold” members, and moving toward a 90% inventory-led model which improves margins.

4. Should I buy Zomato shares for the long term?

With over 90% of analysts recommending a “Buy,” the sentiment is overwhelmingly positive. However, it remains a high-growth tech stock, which means higher-than-average volatility compared to traditional blue-chip stocks.

The Verdict

Zomato is no longer a speculative play; it’s an execution machine. The company has shown it can turn loss-making acquisitions into profitable engines. While the current valuation requires nerves of steel, the path to a ₹400+ share price seems clear if they can maintain their 20%+ revenue growth targets.