News

Buy Zomato Ltd For Target Rs.110 - Motilal Oswal Financial Services Ltd * Zomato delivered an excellent 1QFY24 performance, as it turned profitable and reported strong revenues of INR24.1b (up 17.5% QoQ), much ahead of our estimates of 9.9% QoQ growth and a PAT loss. Revenue growth was led by the food delivery business (up 17% QoQ). While Blinkit was muted (+5% QoQ) due to disruptions in April-May, it should reverse in 2Q (20% QoQ growth guidance). The management has guided for strong 40%/60%+ growth for Zomato (consol)/Blinkit over the next few years, which surp...
Buy Zomato Ltd For Target Rs.110 - Motilal Oswal Financial Services Ltd
Buy Zomato Ltd For Target Rs.110 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
5/08/2023 9:10:47 AM
Buy Zomato Ltd For Target Rs.90 - Emkay Global Financial Services Ltd Zomato reported better-than-expected operating performance in Q4 – while it registered muted GOV growth QoQ, contribution margin across segments beat estimates. Food-delivery GOV declined 1.7% QoQ to Rs65.7bn in Q4, impacted by: i) February being a shorter month (-220bps), and ii) shutdown of Zomato services in ~225 cities in Jan-23 (-30bps); adjusted for this, GOV grew 0.8% QoQ. Management expects sequential GOV growth to be in a high single digit in Q1FY24, on the back of green shoots...
Buy Zomato Ltd For Target Rs.90 - Emkay Global Financial Services Ltd
Buy Zomato Ltd For Target Rs.90 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
27/05/2023 2:03:33 PM
Zomato narrows net loss to Rs 188 cr in Q4, revenue up 70% YoY Online food platform Zomato on Friday said that its consolidated net loss narrowed to about Rs 188 crore for the quarter ended March 31, from Rs 360 crore from the year-ago quarter, and from Rs 345 crore from last quarter. The company reported consolidated revenue at Rs 2,056 crore, a 70 per cent jump from Rs 1,211.8 crore in the year-ago period. In FY23, Zomato's loss went down to Rs 971 crore from Rs 1,209 crore a year ago as revenue increased around 70 per cent to Rs 7,079 crore....
Zomato narrows net loss to Rs 188 cr in Q4, revenue up 70% YoY
Zomato narrows net loss to Rs 188 cr in Q4, revenue up 70% YoY
Source: IANS
19/05/2023 5:42:21 PM
India's Zomato says most Blinkit stores reopened after wage protests Indian food delivery firm Zomato Ltd said on Wednesday most stores of its grocery unit Blinkit had resumed operations after being shut due to wage protests, sending its shares up as much as 5%. The disruptions had less than 1% impact on Zomato's revenue, the Gurgaon-based company said in a regulatory filing. Blinkit, which Zomato bought last year for $550 million, accounted for 12.7% of Zomato's total revenue in the third quarter. Zomato had shut down some stores for a few days ...
India's Zomato says most Blinkit stores reopened after wage protests
India's Zomato says most Blinkit stores reopened after wage protests
Source: Reuters
19/04/2023 11:31:20 AM
Zomato surges on partnering with SUN Mobility Zomato is currently trading at Rs. 50.37, up by 0.21 points or 0.42% from its previous closing of Rs. 50.16 on the BSE. The scrip opened at Rs. 50.30 and has touched a high and low of Rs. 50.50 and Rs. 49.00 respectively. So far 3563938 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.40 on 31-Mar-2022 and a 52 week low of Rs. 40.55 on 27-Jul-2022. Last one week high and low of the scrip stood at Rs. 53.92 and...
Zomato surges on partnering with SUN Mobility
Zomato surges on partnering with SUN Mobility
Source: Accord Fintech
28/03/2023 3:02:47 PM
Zomato`s Deepinder congratulates Paytm founder, says `working on my own profitability` Zomato founder & CEO Deepinder Goyal on Tuesday congratulated Paytm and its founder Vijay Shekhar Sharma, after shares of One 97 Communications, the parent company of Paytm, rose in the December quarter, and also hinted at working on its own profitability. "Congratulations, @vijayshekhar and @Paytm on becoming profitable. Sorry, a bit late to the party -- was so busy working on our own profitability," he tweeted. Earlier this week, Paytm received positive commentary from t...
Zomato`s Deepinder congratulates Paytm founder, says `working on my own profitability`
Zomato`s Deepinder congratulates Paytm founder, says `working on my own profitability`
Source: IANS
7/02/2023 6:21:11 PM
Update On Zomato Ltd By JM Financial Institutional Securities     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.jmfl.com/disclaimer SEBI Registration Number is INM000010361 Above views are of the author and not of the website kindly read disclaimer
Update On Zomato Ltd By JM Financial Institutional Securities
Update On Zomato Ltd By JM Financial Institutional Securities
Source: JM Financial Institutional Securities
29/12/2022 12:22:32 PM
Buy Zomato Ltd For Target Rs.125 - ICICI Securities Macro challenges likely to weigh on near-term trajectory Zomato’s earnings delivery in the latest quarter suggested that there were certain growth trade-offs that the company made in its food delivery segment as it focused on meeting the profitability metrics communicated to the shareholders. While our initial impression was that seasonality was the main reason for the sequential deceleration in growth during the Sep quarter, a re-look at some of the management commentaries and indus...
Buy Zomato Ltd For Target Rs.125 - ICICI Securities
Buy Zomato Ltd For Target Rs.125 - ICICI Securities
Source: ICICI Securities Ltd
12/12/2022 9:13:24 AM
Hold Zomato Ltd For Target Rs.65 - ICICI Securities Profitability comes at the cost of growth Food delivery GOV growth slows as contribution margin improves. Zomato’s food delivery gross order value grew 3.1% QoQ and 22.6% YoY in Q2FY23. This is meaningfully lower than the GOV trajectory over the last 4 quarters (Q1FY23 GOV grew 9.9% QoQ and 41.6% YoY). We believe this was a result of focus on profitability. Food delivery business contribution to GOV improved to 4.5% in Q2FY23 (up 170bps QoQ). Adjusted revenue (food delivery) grew 7.6...
Hold Zomato Ltd For Target Rs.65 - ICICI Securities
Hold Zomato Ltd For Target Rs.65 - ICICI Securities
Source: ICICI Securities Ltd
10/12/2022 9:26:55 AM
Zomato rises despite Alipay Singapore divesting 3.07% stake in company Zomato is currently trading at Rs. 65.70, up by 0.50 points or 0.77% from its previous closing of Rs. 65.20 on the BSE. The scrip opened at Rs. 66.30 and has touched a high and low of Rs. 66.55 and Rs. 65.40 respectively. So far 1270840 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 157.80 on 01-Dec-2021 and a 52 week low of Rs. 40.55 on 27-Jul-2022. Last one week high and low of the scrip stood at Rs. 66.60 an...
Zomato rises despite Alipay Singapore divesting 3.07% stake in company
Zomato rises despite Alipay Singapore divesting 3.07% stake in company
Source: Accord Fintech
1/12/2022 1:16:39 PM
Velocity Idea: Buy Zomato Ltd For The Target Rs.86 - Motilal Oswal Financial Services Key Triggerrs * Zomato with its large strong footprint across 23 countries, is well placed to benefit from the immense potential in the food delivery industry. * The business is not losing cash anymore. Adj. EBITDA broke-even in food business. At company level, goal is to break-even in Q4FY23, or by 2QFY24, * Blinkit integration post acquisition went well and it has not lost any market share in the last quarter.   Techincal View * Stock is at major support zone of its w...
Velocity Idea: Buy Zomato Ltd For The Target Rs.86 - Motilal Oswal Financial Services
Velocity Idea: Buy Zomato Ltd For The Target Rs.86 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
1/12/2022 1:02:45 PM
Buy Zomato Ltd For Target Rs.90 - Emkay Global Financial Service Strong beat on contribution margin; on track to turn profitable Zomato reported better-than-expected operating performance in Q2. Food delivery saw adjusted EBITDA break-even in Q2 and contribution as a % of GOV improved to 4.5% from 2.8% in Q1FY23, ahead of expectations. The improvement was driven by efforts across both, cost and revenue metrics, albeit at the cost of moderation in GOV growth (up 3% QoQ). Management indicated that Q2 GOV growth was impacted by its decision to trade low-qu...
Buy Zomato Ltd For Target Rs.90 - Emkay Global Financial Service
Buy Zomato Ltd For Target Rs.90 - Emkay Global Financial Service
Source: Emkay Global Financial Services Ltd
27/11/2022 11:41:33 AM
Indian food delivery firm Zomato`s co-founder resigns India's Zomato Ltd said on Friday its co-founder, Mohit Gupta, had resigned after about five years at the food aggregator. Gupta is credited with building Zomato's food delivery operations from scratch and was the segment's chief executive before being elevated to co-founder in May 2020. Gupta said in a letter to the company that he was stepping down to pursue "unknown adventures". His resignation follows that of the company's deputy chief financial officer,...
Indian food delivery firm Zomato`s co-founder resigns
Indian food delivery firm Zomato`s co-founder resigns
Source: Reuters
19/11/2022 9:08:11 AM
India`s Ola and Uber deny report of merger talks Uber Technologies Inc and its Indian rival Ola on Friday denied a media report that the ride-hailing firms were in talks for a merger. An Economic Times report said that Ola Chief Executive Bhavish Aggarwal had met top Uber executives in San Francisco, United States, citing two sources.  "That report is inaccurate. We are not, nor have we been, in merger talks with Ola," Uber said in a statement. Ola's Aggarwal tweeted, "Absolute rubbish. We're very profit...
India`s Ola and Uber deny report of merger talks
India`s Ola and Uber deny report of merger talks
Source: Reuters
30/07/2022 10:48:59 AM
Buy Zomato Ltd For Target Rs.115 - JM Financial Institutional Securities Zomato's proposed acquisition of Blinkit (at an EV of USD 720mn, ~7.3% dilution for existing holders) not only widens its scope of hyperlocal delivery services beyond food delivery but also highlights management's broader ambitions of capturing a larger slice of India's Commerce market (USD 1.3 trillion). As highlighted in our recent report Quick Commerce: The Business of Instant Gratification, we believe the Quick Commerce space in the long run can offer a large complimentary pro...
Buy Zomato Ltd For Target Rs.115 - JM Financial Institutional Securities
Buy Zomato Ltd For Target Rs.115 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
27/06/2022 12:01:31 PM
Zomato trades jubilantly despite reporting consolidated net loss of Rs 360 crore in Q4 Zomato is currently trading at Rs. 63.90, up by 6.90 points or 12.11% from its previous closing of Rs. 57.00 on the BSE. The scrip opened at Rs. 58.35 and has touched a high and low of Rs. 67.60 and Rs. 57.80 respectively. So far 6511190 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.10 on 16-Nov-2021 and a 52 week low of Rs. 50.35 on 11-May-2022. Last one week high and low of the scrip stood at Rs. 67.60 a...
Zomato trades jubilantly despite reporting consolidated net loss of Rs 360 crore in Q4
Zomato trades jubilantly despite reporting consolidated net loss of Rs 360 crore in Q4
Source: Accord Fintech
24/05/2022 2:10:38 PM
Zomato tumbles as CCI orders probe for alleged unfair practices Zomato is currently trading at Rs. 83.95, down by 2.25 points or 2.61% from its previous closing of Rs. 86.20 on the BSE. The scrip opened at Rs. 82.75 and has touched a high and low of Rs. 85.10 and Rs. 82.15 respectively. So far 1022329 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.10 on 16-Nov-2021 and a 52 week low of Rs. 75.55 on 16-Mar-2022. Last one week high and low of the scrip stood at Rs. 88.40 ...
Zomato tumbles as CCI orders probe for alleged unfair practices
Zomato tumbles as CCI orders probe for alleged unfair practices
Source: ACCCORD FINTECH
5/04/2022 12:53:00 PM
Bloodbath in Zomato, PolicyBazaar, Nykaa shares on low valuations, broader market crash Zomato, PolicyBazaar, and Nykaa and several other companies' stocks took a hard beating on Monday amid the market crash as analysts feel these companies have low valuations. Shares of the food delivery aggregator hit the 20 per cent lower circuit intraday and settled at Rs 90.95 on Monday. PB Fintech-backed PolicyBazaar's shares fell 10.6 per cent and settled at Rs 772.5, whereas FSN-E Commerce Ventures-backed Nykaa fell 12.7 per cent and settled at Rs 1,745. Notably, all the...
Bloodbath in Zomato, PolicyBazaar, Nykaa shares on low valuations, broader market crash
Bloodbath in Zomato, PolicyBazaar, Nykaa shares on low valuations, broader market crash
Source: IANS
25/01/2022 10:14:58 AM
CCI okays Zomato's 9.3% stake purchase in Grofers The Competition Commission of India (CCI) has approved the proposed acquisition of 9.3 per cent stake in e-grocer Grofers by online food delivery major Zomato. The acquisition involves an investment of $100 million by Zomato in the online grocer. Taking to Twitter, the anti-trust body said: "Commission approves proposed acquisition by Zomato of approximately 9.3 per cent stake in Grofers India and Hands on Trades." 'Hands on Trades' is the wholesale entity of Grofer...
CCI okays Zomato's 9.3% stake purchase in Grofers
CCI okays Zomato's 9.3% stake purchase in Grofers
Source: IANS
14/08/2021 9:25:21 AM
Key News - Vodafone Idea Ltd, Zomato Ltd, Coal India Ltd, Whirlpool of India Ltd, Max Healthcare Institute Ltd, Eveready Industries India Ltd By ARETE Securities Key News Vodafone Idea files review petition in apex court on AGR dues Debt-laden Vodafone Idea (Vi), which is struggling for survival, moved the Supreme Court on Tuesday, seeking a review of its July 23 order that dismissed the petitions of telecom firms for a re-computation of adjusted gross revenue (AGR) dues. Airtel, too, is likely to move the court for relief, sources said. Vi had calculated its remaining AGR dues at around Rs 21,500 crore after making a payment of Rs 7,800 crore. ...
Key News - Vodafone Idea Ltd, Zomato Ltd, Coal India Ltd, Whirlpool of India Ltd, Max Healthcare Institute Ltd, Eveready Industries India Ltd By ARETE Securities
Key News - Vodafone Idea Ltd, Zomato Ltd, Coal India Ltd, Whirlpool of India Ltd, Max Healthcare Institute Ltd, Eveready Industries India Ltd By ARETE Securities
Source: ARETE Securities Ltd
11/08/2021 9:15:16 AM
Update On Zomato Ltd By ICICI Securities Sharp recovery across operational metrics in Mar-21 Zomato’s RHP hints at a continued sharp recovery across key operational metrics in Mar-21 – (1) restaurant count, (2) MAU, (3) MTU, (4) # orders and (5) GOV. The robust increase in signed up restaurants on delivery / discovery platforms (~16k / 40k) is the most interesting update – given it comes amidst negative news flow about ‘perceived’ dissatisfaction of ‘some’ restaurants with Zomato. End &nd...
Update On Zomato Ltd By ICICI Securities
Update On Zomato Ltd By ICICI Securities
Source: ICICI Securities
4/08/2021 11:04:09 AM
Quote on Zomato listing by Mr. S Ramesh, MD & CEO, Kotak Mahindra Capital Company Below is quote on Zomato listing by Mr. S Ramesh, MD & CEO, Kotak Mahindra Capital Company  The stellar debut of Zomato’s on the domestic bourse after attracting robust subscription is a testimony to the fact that investors are willing to bet big on new-age technology companies which have the characteristics of a disruptive business model. It is also a tribute to Indian entrepreneurship. With growing internet penetration and the number of smartphone user ...
Quote on Zomato listing by Mr. S Ramesh, MD & CEO, Kotak Mahindra Capital Company
Quote on Zomato listing by Mr. S Ramesh, MD & CEO, Kotak Mahindra Capital Company
Source: PR Agency
23/07/2021 3:21:53 PM
Perspective on Zomato India`s Listing on the exchange today by Ms. Sneha Poddar, Motilal Oswal Financial Services Ltd Below is Perspective on Zomato India's Listing on the exchange today by Ms. Sneha Poddar, Research Analyst, Broking & Distribution, Motilal Oswal Financial Services Ltd. “Zomato, India’s leading online food delivery company, listed strongly on the exchanges today with 53% premium at INR 116/Share against its issue price of Rs76/share. Such stellar debut on exchanges led to its market capitalization crossing Rs1 lakh crore. Despite the large size of IPO at Rs9,...
Perspective on Zomato India`s Listing on the exchange today by Ms. Sneha Poddar, Motilal Oswal Financial Services Ltd
Perspective on Zomato India`s Listing on the exchange today by Ms. Sneha Poddar, Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
23/07/2021 11:37:35 AM
Quote on Zomato Ltd IPO by Mr. Jyoti Roy, Angel Broking Ltd Below is quote on Zomato Ltd IPO by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd    The Zomato IPO received great response from investors and was subscribed ~ 38 times which translated to a blockbuster listing for the stock. The stock listed at more than a 50% premium to the issue price of Rs. 76 and continued to move up from there given strong demand. We had given a subscribe rating to the IPO. Given strong delivery network, high barrie...
Quote on Zomato Ltd IPO by Mr. Jyoti Roy, Angel Broking Ltd
Quote on Zomato Ltd IPO by Mr. Jyoti Roy, Angel Broking Ltd
Source: Angel Broking Ltd
23/07/2021 11:26:36 AM
Zomato flies on market debut, up 68% from issue price After a massive response to its IPO, online food delivery platform Zomato recorded a robust debut on the stock market on Friday. Around 10.58 a.m., its shares on the BSE were trading at Rs 127.90, higher by Rs 51.90 or 68.29 per cent from the issue price of Rs 76 per share. On the BSE, it got listed at Rs 115.00 a share. Further, on the National Stock Exchange, its shares were trading at Rs 127.20, against the issue price of Rs 76. It got listed on the NSE at Rs 116 per share. Pos...
Zomato flies on market debut, up 68% from issue price
Zomato flies on market debut, up 68% from issue price
Source: IANS
23/07/2021 11:17:40 AM
Ant-backed Zomato soars in India market debut to $12 billion valuation BENGALURU -Food delivery firm Zomato Ltd shares nearly doubled in value in debut trading on Friday, in the first stock market listing of an Indian startup valued at more than $1 billion. The stellar debut, which was advanced by four days, reflected investor interest in internet-based consumer startups that are expected to thrive during the COVID-19 pandemic and comes at a time when India's stock market is near all-time highs. Shares soared 82.8% after opening at 116 rupees in pre-op...
Ant-backed Zomato soars in India market debut to $12 billion valuation
Ant-backed Zomato soars in India market debut to $12 billion valuation
Source: Reuters
23/07/2021 11:09:07 AM
Zomato`s mega IPO: 10 points to know By Mr. Jyoti Roy, Angel Broking Ltd Below are Quote on Zomato’s mega IPO: 10 points to know By Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd The much-awaited IPO of Zomato opened for subscription on 14 July 2021 and will close on 16 July 2021. The company aims to raise Rs. 9375 crores through its initial public offering. The Zomato IPO price band will be Rs. 72 – Rs. 76/share. The offer worth Rs. 9375 crores, comprises new issues and OFS by existing stakeholders. In such a ...
Zomato`s mega IPO: 10 points to know By Mr. Jyoti Roy, Angel Broking Ltd
Zomato`s mega IPO: 10 points to know By Mr. Jyoti Roy, Angel Broking Ltd
Source: Angel Broking Ltd
16/07/2021 10:31:24 AM
Key News - Infosys Ltd, L and T Technology Services Ltd, Zomato, Tata Consultancy Services Ltd, Adani Transmission Ltd by ARETE Securities Key News Infosys Q1 net profit rises 23%, ups FY22 revenue guidance to 14-16% Infosys may have missed Street’s net profit expectations for the quarter ended June 2021, but the country’s second-largest information technology (IT) services player on Wednesday raised its revenue growth guidance for financial year 2021-22 (FY22), buoyed by a robust deal pipeline. The company now expects its revenue to grow by 14-16 per cent in FY22, up from the earlier estimate of 12-14 per cent...
Key News - Infosys Ltd, L and T Technology Services Ltd, Zomato, Tata Consultancy Services Ltd, Adani Transmission Ltd by ARETE Securities
Key News - Infosys Ltd, L and T Technology Services Ltd, Zomato, Tata Consultancy Services Ltd, Adani Transmission Ltd by ARETE Securities
Source: ARETE Securities Ltd
15/07/2021 8:57:57 AM
Quote on Zomato IPO by Mr. Jyoti Roy, Angel Broking Ltd Below are Quote on Zomato IPO by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd    Zomato Ltd. has raised Rs. 4,196 crore by allotting 55.2 crore shares to anchor investors at Rs. 76 per share. Some of the key Marquee investors who were allotted shares in the anchor book include Tiger Global Investments Fund, BlackRock Global, Fidelity Funds, JPMorgan, Morgan Stanley Investment Fund, and T Rowe Price. Along with global investors the anchor port...
Quote on Zomato IPO by Mr. Jyoti Roy, Angel Broking Ltd
Quote on Zomato IPO by Mr. Jyoti Roy, Angel Broking Ltd
Source: Angel Broking Ltd
14/07/2021 11:11:24 AM
IPO Note - Zomato Ltd By LKP Securities ZOMATO LTD Zomato is the first unicorn tech company to be listed on exchanges with a market cap of ₹59,623 crs (at upper band) taking it into top 100 listed entities in India. The company is one of the leading players in the food tech industry in India with a market share of ~45%. Zomato offers multiple services through its food platform in the form of search and discovery, food delivery, customer generated contents, Hyperpure and loyalty program such as Zomato Pro. With the changing dynam...
IPO Note - Zomato Ltd By LKP Securities
IPO Note - Zomato Ltd By LKP Securities
Source: LKP Securities Ltd
13/07/2021 11:35:50 AM
IPO Note - Zomato Ltd By Yes Securities Zomato Ltd IPO – Subscribe for listing gains Expect listing gains despite punchy valuations; competitor actions, M&A strategy, unit economics key monitorables  We see a lot of excitement around the Zomato IPO given it’s the first large consumer tech company getting listed. Key players in the food tech industry like Zomato and Swiggy and have been able to create multiple competitive advantages like last‐mile delivery infrastructure, customer data, strong brand and co...
IPO Note - Zomato Ltd By Yes Securities
IPO Note - Zomato Ltd By Yes Securities
Source: Yes Securities Ltd
13/07/2021 10:29:41 AM