Eternal has delivered sustainable profitable growth despite adverse seasonality and macro uncertainties. Buy for target price of ₹360 (42% upside): ICICI Securities

Eternal has delivered sustainable profitable growth despite adverse seasonality and macro uncertainties. Buy for target price of ₹360 (42% upside): ICICI Securities

Summary

In Q4FY26, FD NOV growth accelerated to 18.8% YoY (down 0.9% QoQ) to INR 97.6bn. Adj. revenue was INR 31.3bn, up 2.4% QoQ/29.7% YoY.

Description

In Q4FY26, FD NOV growth accelerated to 18.8% YoY (down 0.9% QoQ) to INR 97.6bn. Adj. revenue was INR 31.3bn, up 2.4% QoQ/29.7% YoY.

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