Stock Performance: Zomato
Zomato Limited was founded in 2010 as a major online food service platform. Zomato operates in several dozen countries with a network of thousands of active restaurants for food delivery, delivery partners, and millions of customer food orders each month.
Zomato Share Performance
Zomato made its debut at ₹116 on the NSE and ₹115 on the BSE on July 23, 2021. Zomato’s stock reached a 52-week high of ₹298.20 and a low of ₹103.25. As of December 12, 2024, Zomato’s share price opened at ₹284.90. Zomato shares delivered a return of 55.73% in the past 6 months and 140.00% in the past 1 year. In addition, Year to date, or YTD return by Zomato stood at 131.33%.
Financial Highlights
The company posted a net profit of ₹176 crore for July-September. In the same quarter last year, Zomato’s net profit was ₹36 crore. The company’s revenue on an adjusted basis grew by 69% year-on-year to ₹4,799 crore, and EBITDA reached ₹226 crore, an improvement from a loss of ₹47 crore last year.
Recent Developments
In December 2024, Zomato received a tax demand of Rs 803 crore from GST authorities
In December 2024, Zomato entered 10-minute food delivery space with its Blinkit launching new app Bistro
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.