Akash Waghmare’s Post

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"Detail-Oriented Investment Banking Professional | Biotechnology Roots with Proficiency in Risk Management, Securities, and Reconciliation"

ZOMATO'S IMPRESSIVE Q2FY25: Growth and Optimism Zomato has delivered a stellar performance in Q2FY25, with revenues soaring to ₹4,800 crore, driven by strong growth in Blinkit, Hyperpure, and Going Out segments. The company's net profit skyrocketed by 389% to ₹176 crore, with a 69% year-on-year revenue increase. Key Highlights: - Strong Analyst Ratings: HSBC and Nomura maintain 'buy' ratings, targeting ₹330 and ₹320 per share, respectively, highlighting Zomato’s solid food delivery numbers and quick commerce success. - Strategic Investments: Despite a decrease in cash reserves, a recent fundraise of up to ₹8,500 crore positions Zomato to remain competitive in a crowded market. - Future Growth: Zomato aims to achieve 2,000 dark stores by December 2026 and is set to launch the District app, consolidating its Going Out services. Conclusion Zomato’s shares have jumped over 106% this year, significantly outperforming the Nifty index. With a clear focus on growth and innovation, Zomato is well-positioned for the future. #Zomato #Finance #Investmentbanking

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Mary Dsouza

B.com Graduate with specialisation in Banking & Finance|| Enrolled in Certified Investment Banking Operations Professional through Imarticus Learning||

3mo

Very informative

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