The Nifty January 2025 futures closed at 23,105.10, a premium of 80.45 points compared with the Nifty's closing 23,024.65 in the cash market. In the cash market, the Nifty 50 slipped 320.10 points or 1.37% to 23,024.65. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 3.89% to 17.06. Zomato, Dixon Technologies and Reliance Industries were the top trading individual stock futures contracts in the F&O segment of the NSE. The January 2025 F&O contracts will expire on 30 January 2025. Powered by Capital Market - Live

Zomato Ltd lost 8.88% today to trade at Rs 219.55. The BSE Consumer Discretionary index is down 0.06% to quote at 9425.47. The index is down 3.92 % over last one month. Among the other constituents of the index, Dixon Technologies (India) Ltd decreased 5.76% and The Hi-Tech Gears Ltd lost 4.63% on the day. The BSE Consumer Discretionary index went up 16.47 % over last one year compared to the 8.17% surge in benchmark SENSEX. Zomato Ltd has lost 22.1% over last one month compared to 3.92% fall in BSE Consumer Discretionary index and 1% drop in the SENSEX. On the BSE, 6.38 lakh shares were traded in the counter so far compared with average daily volumes of 23.95 lakh shares in the past one month. The stock hit a record high of Rs 304.5 on 05 Dec 2024. The stock hit a 52-week low of Rs 128.1 on 23 Jan 2024.Powered by Capital Market - Live

However, revenue from operations jumped 64.39% YoY to Rs 5,405 crore during the quarter. Adjusted EBITDA surged 128% to Rs 285 crore during the quarter as compared with Rs 125 crore in Q3 FY24. However on QoQ basis, adjusted EBITDA lower by 14% driven by investment in expedited new store openings and new customer acquisition in quick commerce business. Gross order value (GOV) of B2C business jumped 57% YoY to Rs 20,206 crore in Q3 FY25. On a like-for like basis (excluding the impact of the acquisition of Paytm's entertainment ticketing business) GOV growth was 52% YoY (12% QoQ). 'As we continue to bring forward store expansion, our networks may have to carry a greater load of under-utilized stores which will impact near-term profits in the next one or two quarters. These investments will however also likely result in GOV growth remaining meaningfully above 100%, at least for FY25 and FY26. Once we come out from this period of expansion, the business is likely to turn sharply from being loss making to becoming meaningfully profitable as a larger part of our business starts comprising mature stores compared to newly added ones,' the food delivery company stated in shareholders' letter. In food delivery business, adjusted revenue jumped 17% YoY to Rs 2,413 crore during the quarter while adjusted EBITDA surged 171% to Rs 423 crore in Q3 FY25 as against 252 crore in Q3 FY24. GOV jumped 17% YoY to Rs 9,913 crore. Average monthly transacting customers increased 9.04% to 20.5 million in Q3 FY25 as against 18.8 million in Q3 FY24. The company expects more than 20% YoY GOV growth guidance for the food delivery business. Adjusted revenue from quick commerce surged 117% to Rs 1,399 crore during the quarter from Rs 644 crore in Q3 FY24 while the Blinkit reported net loss of Rs 103 crore in Q3 FY25 as compared with net loss of Rs 89 crore. In going-out business, like-for-like numbers (excluding the impact of the acquired business) in Q2FY25 and Q3FY25 for (a) adjusted revenue growth are 57% YoY and 55% YoY respectively, (b) change in adjusted EBITDA are Rs 286 crore YoY and Rs 163 crore YoY respectively and (c) GOV growth are 53% YoY and 52% YoY respectively. 'While the core business continues to be profitable, the quarterly loss in Q3FY25 was largely driven by the investment in the new District app (team, marketing, tech costs). Most of the investments from here on will be focused on getting customers to transition to the new app and grow selection on our platform. We are likely to operate in losses for the next year or so but we don't expect them to be meaningful in the overall context of Zomato,' the company stated in shareholders' letter. Blinkit's CEO, Albinder Dhinsa said that in the last two quarters, we have added 368 net new stores (152 in Q2FY25 and 216 in Q3FY25) accounting for about 37% of our total store network of 1,007 stores. Further, Zomato, CEO, Deepinder Goyal said that as of now, it seems like will get to target of 2,000 stores by Dec 2025, much earlier than its previous guidance of Dec 2026. Zomato connects customers, restaurant partners and delivery partners. Customers use Zomato to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, it provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. The company also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners.Powered by Capital Market - Live

Net profit of Zomato declined 57.25% to Rs 59.00 crore in the quarter ended December 2024 as against Rs 138.00 crore during the previous quarter ended December 2023. Sales rose 64.39% to Rs 5405.00 crore in the quarter ended December 2024 as against Rs 3288.00 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales5405.003288.00 64 OPM %3.001.55 - PBDT371.00252.00 47 PBT124.00124.00 0 NP59.00138.00 -57 Powered by Capital Market - Live

Zomato will hold a meeting of the Board of Directors of the Company on 20 January 2025.Powered by Capital Market - Live

After a strong 2024, the broker anticipates a period of consolidation for Zomato. While valuations are not considered expensive, concerns remain about rising competition in the quick commerce sector. Aggressive moves by incumbents and new entrants are likely to lead to increased discounting, potentially impacting medium-term profitability. The broker sharply reduced its EBITDA forecast for Blinkit over FY26-27. Zomato connects customers, restaurant partners and delivery partners. Customers use Zomato to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, it provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. The company also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. Zomato's consolidated net profit surged 388.89% to Rs 176 crore on 68.5% jump in revenue from operations to Rs 4,799 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The stock hit a record high of Rs 304.50 today, buoyed by investor optimism in both the food delivery and quick commerce businesses. With this surge, Zomato is on the brink of crossing the Rs 3 lakh crore market capitalization mark. Positive financial results from rival Swiggy have strengthened investor optimism in the entire food delivery sector, benefiting Zomato as well. The stock is set to be included in the BSE Sensex from the end of December. Meanwhile, a leading global brokerage firm reaffirmed its 'outperform' rating on Zomato, with a target price of Rs 370. The firm cited the company's strong position in the quick commerce segment and its dominant market share as key drivers. Zomato connects customers, restaurant partners and delivery partners. Customers use Zomato to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, it provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. The company also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. Zomato's consolidated net profit surged 388.89% to Rs 176 crore on 68.5% jump in revenue from operations to Rs 4,799 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Zomato has allotted 47,75,34,845 equity shares under ESOP on 02 December 2024. With this allotment, the paid up equity share capital has increased to Rs 9,65,03,50,647 consisting of 9,65,03,50,647 equity shares of Re 1 each).Powered by Capital Market - Live

Zomato announced that its shareholding in Byondnxt Smart Home (Byondnxt) stands reduces from 8% to 6% on a fully diluted basis, following a fund raise by Byondnxt that completed on 30 November 2024. Zomato did not participate in this fund raise. Powered by Capital Market - Live

The qualified institutional placement (QIP), which commenced on 25 November 2024, concluded on 28 November 2024, with a total of 33,64,73,755 equity shares being allotted. The shares were priced at Rs 252.62 per share, resulting in an issue size of approximately Rs 8,500 crore. The issue price of Rs 252.62 is at a discount of 5%, to the floor price of Rs 265.91 per equity share set for the QIP issue. Pursuant to the allotment of equity shares under the QIP, the paid-up equity share capital of the company increased to Rs 917.28 crore comprising 9,17,28,15,802 equity shares. Motilal Oswal Mutual Fund emerged as the largest allottee, securing a substantial 20.81% allocation. Following, ICICI Prudential Mutual Fund and HDFC Mutual Fund received allocations of 12.78% and 8.68%, respectively. Lastly, Kotak Mutual Fund secured 5.95% allocation. Zomato connects customers, restaurant partners and delivery partners. Customers use Zomato to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, it provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. The company also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. Zomato's consolidated net profit surged 388.89% to Rs 176 crore on 68.5% jump in revenue from operations to Rs 4,799 crore in Q2 FY25 over Q2 FY24. The scrip slipped 3.23% to Rs 276.85 on the BSE.Powered by Capital Market - Live