Bullish for Eternal: Deepinder Goyal Targets $1B EBITDA by FY29

Eternal's CEO, Deepinder Goyal, has communicated to shareholders a target of achieving $1 billion in adjusted EBITDA by FY29. This follows the company's recent achievement of adjusted EBITDA profitability in FY24, marking a significant turnaround after 16 years. This announcement provides a clear financial roadmap and demonstrates management's confidence.

This news is highly significant for the Indian market as it indicates a maturing and profitable growth phase for a prominent internet services company. Achieving such an ambitious EBITDA target would not only validate its business model but also potentially attract further institutional investment, setting a positive precedent for other Indian tech startups and growth-oriented companies.

While the specific ticker for 'Eternal' is not provided, this news is unequivocally positive for the company itself. It could lead to increased investor interest and a potential re-rating of its stock if it is publicly traded. The broader internet services and consumer discretionary sectors in India may also see a positive sentiment spillover, as it highlights the potential for profitability in these high-growth areas.

Traders should monitor Eternal's quarterly results for progress towards this EBITDA target and any further strategic announcements. Key metrics to watch include revenue growth, margin expansion, and customer acquisition rates. Any updates on market share gains or new service launches will also be crucial for assessing the feasibility of this ambitious goal.

• •Eternal CEO Deepinder Goyal targets $1 billion in adjusted EBITDA by FY29.
• •Company achieved adjusted EBITDA profitability in FY24 after 16 years.
• •Growth is driven by NOV (Net Order Value) growth, resilient India-first operations, and scalable ecosystems.
• •Risk flag: Execution risk in achieving ambitious EBITDA targets.
• •Risk flag: Increased competition in the internet services sector.