# Shares of Eternal Ltd., the parent of Zomato and Blinkit, are trading 2% lower on Monday, April 13.

*business · news · 2026-04-13 · CNBC TV18*

## Key points

- Goldman Sachs believes Blinkit's TAM concerns are overdone and sees further value upside.
- Industry MTU penetration for Blinkit is already over 50% and may reach maturity in 1-2 years.
- Goldman Sachs notes Blinkit's growth has slowed recently due to increased competition from new entrants.
- JM Financial expects Blinkit's adjusted EBITDA margin to improve to 0.4% of NOV in Q4FY26.

**Companies:** Goldman Sachs, Zomato, Eternal Ltd.
**Countries:** India, United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/concerns-overdone-eternal-share-price-are-down-15-percent-in-2026-but-goldman-sees-stock-at-350-blinkit-tam-ws-el-19885622.htm)

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