Zomato’s stock is making waves in the market!
Since its IPO, it has delivered a whopping 50% returns to investors, turning heads with its performance.
Let's rewind a bit.
A thread 🧵👇
#Zomato #StockMarket
Since its IPO, it has delivered a whopping 50% returns to investors, turning heads with its performance.
Let's rewind a bit.
A thread 🧵👇
#Zomato #StockMarket
After its IPO, Zomato listed at a stellar 66% premium on the stock market.
But setbacks followed as mounting losses led to a drop in stock price.
But setbacks followed as mounting losses led to a drop in stock price.
The stock hit a low of ₹46.95 after acquiring Blinkit, leaving investors uncertain.
But here's where the story takes a turn👇
But here's where the story takes a turn👇
Zomato made a remarkable turnaround, becoming EBITDA positive for the first time!
From ₹188 crores in losses last year, Zomato has made ₹175 crores in profit.
From ₹188 crores in losses last year, Zomato has made ₹175 crores in profit.
Since its all-time low, the stock has surged by a staggering 299.57%.
What fueled this turnaround? 👇
What fueled this turnaround? 👇
Zomato's Total Order Value surged by 28% in just 1 year! (FY23-FY24)
Business growth by segment is impressive too.
Blinkit grew by 169%.
Business growth by segment is impressive too.
Blinkit grew by 169%.
Going out division expanded by 138%.
Food delivery saw a solid 23% growth.
Food delivery saw a solid 23% growth.
Zomato's commitment to customer satisfaction is evident.
Orders are delivered in just 12.5 minutes on average, with an accuracy rate of over 99%!
Orders are delivered in just 12.5 minutes on average, with an accuracy rate of over 99%!
And they're not stopping there!
Zomato is aiming for 1,000 dark stores (Blinkit) by March 2025, going up from 526 stores currently.
Zomato is aiming for 1,000 dark stores (Blinkit) by March 2025, going up from 526 stores currently.
What are your thoughts- will Zomato continue to rally?
Have you invested in Zomato?
Let us know! 👇
Have you invested in Zomato?
Let us know! 👇
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