Power sector may report solid growth in next 4-5 years: Manish Sonthalia

economictimes.indiatimes.com:

«If things go as is being projected minus the competition scare, the very recent competition scare coming in that they are going to disrupt business for Zomato as a whole, I would believe that profit numbers are going to surprise in 2026,» says Manish Sonthalia, CIO, Emkay Investment.

You bought into Zomato, but Zomato now has a market cap of 2 lakh crore, almost 2 lakh crore, that makes it in the top 50 companies in terms of market cap. What is the right way to look at a company like Zomato now from the valuation lens because survival has happened, turnaround has happened, growth has happened, acquisition has happened, now it is back to brass tacks, which is let us value this business which is a high growth business based on either cash flow or on other multiples?
If things go as is being projected minus the competition scare, the very recent competition scare coming in that they are going to disrupt business for Zomato as a whole, I would believe that profit numbers are going to surprise in 2026.

The story was good in the food delivery space. Now, it is the quick commerce which is keeping expectations quite elevated. So, when you have a 70-80% GMV growth, particularly on the quick commerce side, and the path to profitability out here is very-very visible now, at 2 lakh crores when your growth is 60-70% in the quick commerce space and your food delivery is 15-20%, they have already articulated doubling the number of stores to 1000 within the next three years, and then when you compare these with other developed