Zomato share price today
Kotak’s analysis in its Q4 preview indicates a ‘Buy’ rating for Blinkit, with a revised fair value of Rs 210 based on SoTP, compared to the previous Rs 190. This adjustment reflects Kotak’s confidence in the sustained vigor of the food delivery sector
Kotak Institutional Equities anticipates a robust performance from Zomato Ltd in the March quarter, propelled by a 25% year-on-year increase in gross merchandise value (GMV) for food delivery and a 99% year-on-year surge in Blinkit GMV. They project sequential improvement in contribution margin (CM) for both segments, fueled by enhanced take rates and advertising revenue.
Consequently, the brokerage has raised its revenue estimates for FY2025-26 by 4-6% and EPS by 1-3%, primarily driven by Blinkit’s accelerated growth.
