What is the future of Zomato?

What is the future of Zomato?

Zomato is seen to have a largely untapped market and a potential of a large growth in users. India is expected to have around 110 million households by 2025 with an annual income of more than Rs 5.5 lakh. Majority of these will be urban, adding to the opportunity ahead for Zomato.

Is Zomato share bullish?

Zomato share price tanks 6% after Blinkit acquisition; brokerages bullish on the stock, see up to 63% rally.

Is Zomato good to invest?

Brokerage house Ambit Capital has changed and upgraded Zomato shares rating to ‘Buy’ from Sell on strong scale-up over next 20 years in food ordering with sustained profitability from FY27E (1-year pushback vs earlier) at 45-50% market share, with a target price of ₹106.

How Zomato shares will perform?

Zomato Share Price

• 67.551.40 (2.12%)
• Volume: 30,29,380.

Is Zomato profitable in 2022?

For the fiscal year 2022, losses of the company came in at Rs 1222.5 crore, compared to Rs 816.4 in the previous year. Revenue also increased to Rs 4192.4 crore from Rs 1993.8 crore. The increase in fuel prices does increase Zomato’s delivery cost.

Will Zomato grow in future?

Analysts believe it might be a good time to buy these new-age tech stocks during the sharp correction. With major plans to expand its business, the outlook for Zomato appears to be positive. Most analysts believe Zomato is a ‘buy’ with a price target of nearly double from its current levels within the next 12 months.

Will Zomato be profitable?

In conclusion, we believe Zomato (having all the characteristics of a new-age tech company) led by a good management with strong execution capabilities, aiming to transform the eating habits of the large Indian consumer base has a huge runaway for a high and profitable growth in the years to come.

Which share will grow in future?

growth stocks for future

Why Zomato share is high?

ZOMATO RESULTS Demand for services in India’s food delivery sector, dominated by Zomato and rival Swiggy, surged during the pandemic as the country went into strict lockdowns. While Zomato has logged earnings losses since its listing in 2021, it has seen a consistent rise in orders.

How much will Zomato fall?

Financials. While Zomato’s business appears intact with bright prospects going ahead, it is still a loss-making company. During the quarter that ended in December 2021 (FY22), the company reported a loss of Rs 67.2 crore. But it narrowed from a loss of Rs 352.6 crore same period last year.

Is Zomato overvalued?

Zomato listed on the NSE on July 23 opening at Rs 116 and reaching a high of Rs 138.90. Noted valuation expert Aswath Damodaran said that the company is currently overvalued and the shares should be worth Rs 41.

Why Zomato share price is low?

Pointing towards the reasons for Zomato share price tumble, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Zomato is facing severe cash flow problem as its operational cost is running quite high and the company is unable to bring it down below its cash inflows.

Is Zomato in loss or profit?

The firm will invest $400 mn in quick commerce over next two years. Food delivery company Zomato saw its net loss narrow by 81 per cent year-on-year (YoY) to Rs 66 crore in the December quarter (Q3). Meanwhile, its revenue rose 86 per cent YoY to Rs 1,112 crore in Q3.

Who is Zomato owner?

deepinder goyal: Zomato CEO Deepinder Goyal says company won’t make any new minority investments – The Economic Times.

Why Swiggy is in loss?

Foodtech platform Swiggy, operated by Bundl Technologies Pvt Ltd, has reported a 27% decline in its 2020-21 (FY21) operating revenue as lockdowns imposed to contain the spread of coronavirus hit demand for online food delivery during the period, regulatory filings show.