News
Zomato is right now in fire, there are many reason for that, but the most affective reason that i can see is company given 33% rises in income of Q2 results. Zomato operates a B2C technology platform that provides customers with a seamless, on-demand solution to search and discover local restaurants, order food, and have it delivered reliably and quickly. Orders placed by customers are prepared by restaurants and fulfilled through a last mile delivery fleet comprising of independent delivery partners.
- Right now Zomato share price is not attractive for retail investors. reason is its p/e ratio is 321, but they are not seen that the future of zomato and its margin ration ratio is much better than p/e ratio,and that’s the reason why price is going high and high.
- Zomato has Blinkit brahmastra. blinkit is an online grocery delivery service that clam 5min delivery essentials.
- Blinkit partners with local stores and delivery partners to fulfill orders. Customers can order online through the Blinkit app or web browser.
- Blinkit delivers to over 20 cities in India, including Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, and more.
Financials
Ratios:
| Market cap. | 2,42,469.23 Cr |
| No. Of Shares | 883.63 Cr |
| P/E | 145.1 |
| P/B | 10.04 |
| Dividend Y.% | 0% |
| Promotors Holding | 0% |
| Debt | 0Cr |
Profit & Loss(All Figures in Cr. Adjusted EPS in Rs.)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Sales | 2336.35 | 1713.9 | 3611 | 4707 | 6622 |
| Profit Before Tax | -2451.18 | -886 | -1097.8 | 117 | 1372 |
| Profit After Tax | -2451.18 | -886 | -1097.8 | 117 | 1371 |
During the year ended March 31, 2022, the Company completed initial public offer (IPO) of
1,23,35,52,631 equity shares of face value of INR 1 each at an issue price of INR 76 per share,
comprising fresh issue of 1,18,42,10,526 shares and offer for sale of 4,93,42,105 by Info Edge
(India) Limited (existing shareholder). Pursuant to the IPO, the equity shares of the Company were
listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on July 23, 2021.
The Company received an amount of INR 8,728 crores (net of IPO expenses of INR 272 crores) from
proceeds out of fresh issue of equity shares which were fully utilised during the previous financial
year ended March 31, 2023.
Food delivery revenue from operations grew 40% YoY to INR 6,361 crore in FY24 from INR 4,533 crore in
FY23, driven by a 23% YoY increase in GOV and expansion in commission take rate. Starting Q2FY24, we
introduced a platform fee which contributed towards take-rate expansion. Ad income grew faster than
GOV driven by (i) increase in ad inventory on our platform and, (ii) increase in average ad spends per
advertiser.
Hyperpure revenue more than doubled to INR 3,172 crore (111% YoY growth) in FY24, driven by growth in
both the core restaurant supplies business and the newer quick commerce opportunity that we started
tapping into in FY23. On the core restaurant side, growth was driven by increase in unique restaurants
served by Hyperpure and growth in revenue per restaurant.
Quick commerce revenue is not comparable between FY23 and FY24 as consolidation of Blinkit
financials in FY23 is from 10-Aug-22 onwards (transaction closing date). Based on the proforma numbers
for FY23 presented on page 17 of this annual report, quick commerce Revenue grew 116% YoY from INR
1,063 crore in FY23 to INR 2,301 crore in FY24 largely driven by the 93% YoY growth in GOV
Going-out business grew 51% YoY to INR258 crore from INR171 crore in FY23, largely driven by growth in
the India dining-out business. Our events and ticketing business is still nascent with a large untapped
opportunity ahead.
Now, company is fully debt free and its running in fast track.
- We are not SEBI register, don’t use this data for buy or sell recommendation,we are providing this data for adjudication purpose.
The End