Zomato shares soar 126% this year: Still time to catch the bull run?
food delivery giant have performed exceptionally well, giving multibagger returns of 126% in the current calendar year and analysts are still positive on the future ambitions of the company.
Zomato’s overall strategy reflects a strong focus on profitability and scaling across multiple verticals. The food delivery segment remains the core of its business, where Zomato has achieved steady growth, reaching 13% GMV growth in USD terms by the end of FY24.
“The company’s margin improvements are notable, with its EBITDA margin projected to expand from 0.3% in FY24 to 15.1% by FY27, reflecting operational efficiencies and higher average order values,” said Sonam Srivastava- Founder of Wright Research.
In parallel, Zomato’s quick commerce (Blinkit) has shown impressive traction, capitalizing on a growing consumer shift towards fast deliveries. Blinkit’s expanding dark store network, now at 433 locations, enhances Zomato’s reach, while its SKU expansion drives basket size growth.
These efforts point to a diversified strategy where Zomato is not just about food delivery but also quick commerce and now the entertainment space, added Srivastava.
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