Buy Zomato of Rs 90: Emkay Global Financial
Emkay Global Financial is bullish on Zomato has recommended buy rating on the stock with a target price of Rs 90 in its research report dated February 10, 2023.16-02-2023
16-02-2023
Zomato CEO plays down impact of top-level exits
There are more than 200 people at Zomato who have spent more than 7 years at the companythis includes more than 50% of the Gurugram-headquartered firm's top 50 members, Goyal said14-02-2023
Served fair: Zomato, Swiggy cap password sharing for loyalty schemes
Members will be able to use their accounts only on two devices as companies aim to plug misuse14-02-2023
Zomato shares fall 4% post Q3 results. Should you buy, sell or hold?
"Zomato Management is confident of delivering Ebitda break-even ex-QC by Sep'23, with the possibility of this being achieved in the Mar-23 quarter itself. The absence of a subscription program had impacted growth which has now been corrected," Jefferies said.13-02-2023
Blinkit looking to expand dark store count by 40% over next 12 months
Quick commerce player Blinkit is looking to expand its micro-fulfilment centres or dark stores, targeting up to 40 per cent increase in store count in the next 12 months, according to company CEO Albinder Dhindsa. The company, which was acquired by online food delivery firm Zomato last year, currently has over 400 dark stores that act as warehouses. "We have identified several new high potential neighbourhoods in existing as well as new cities. We should start seeing the net dark store number increase going forward," Dhindsa said in an earnings statement. He further said, "We are seeking opportunities for store openings in high potential areas based on the data our systems generate, the management bandwidth and time to supply creation." Dhindsa, however, said unlike the food delivery business, the growth in quick commerce business is dependent on various factors such as availability of product from the brand, seller ability and supply chain capacity. "Only when we feel confident t12-02-2023
Zomato: Growth-Profitability conundrum
Investors need to treat with caution the buzz around adjusted EBITDA break-even11-02-2023
Zomato Ltd - 543320 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Zomato Limited has informed the Exchange about extract of newspaper Publication - Financial Results for the quarter and nine months ended December 31, 202211-02-2023
Zomato Ltd - 543320 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Zomato Limited has informed the Exchange about audio recording of the earnings call dated February 10, 202311-02-2023
Zomato Results Earnings Call for Q3FY23
Conference Call with Zomato Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Deepinder Goyal and Senior Team10-02-2023