Zomato Share Price Target Tomorrow 2024 To 2030- Market Overview, Income Statement

Zomato Ltd is a popular Indian food delivery and restaurant aggregator company. Founded in 2008, it started as a platform for restaurant reviews and gradually expanded its services to include food delivery, table reservations, and more. Zomato connects customers with a wide variety of restaurants, making it easier for people to order food online. Zomato Share Price on NSE as of 25 October 2024 is 251.95 INR. Here will provide you more details on Zomato Share Price Target 2024, 2025, 2026 to 2030.

Zomato Ltd: Market Overview

• Open Price: ₹256.00
• High Price: ₹257.95
• Low Price: ₹246.50
• Previous Close: ₹254.30
• Volume: 66,829,144
• Value (Lacs): ₹169,612.37
• VWAP: ₹251.09
• UC Limit: 305.15
• LC Limit: ₹203.45
• P/E ratio: 300.60
• Div yield: N/A
• 52-wk high: ₹298.25
• 52-wk low: ₹101.25
• Mkt cap: ₹2.21LCr
• Face Value: ₹1

Zomato Ltd Competitors

Here are five competitor companies of Zomato Ltd along with their estimated market capitalizations:

1. Swiggy
   • Market Capitalization: Approximately $10 billion (as of 2023)
2. Foodpanda (owned by Delivery Hero)
   • Market Capitalization: Part of Delivery Hero, which has a market cap of around $4.5 billion (as of 2023)
3. Dunzo
   • Market Capitalization: Approximately $775 million (as of 2023)
4. Uber Eats
   • Market Capitalization: Part of Uber Technologies, which has a market cap of around $56 billion (as of 2023)

5. Grab

   • Market Capitalization: Approximately $12 billion (as of 2023)

Zomato Share Price Chart

Zomato Share Price Target Tomorrow 2024 To 2030

Zomato Share Price Target 2024

Zomato share price target 2024 Expected target could be ₹325. Here are three key factors affecting the growth of Zomato’s share price target for 2024:

• Expansion of Services: Zomato’s growth will heavily depend on its ability to expand its services, such as grocery delivery and cloud kitchens. Increasing the variety of services can attract more customers and drive revenue.
• Partnerships and Collaborations: Forming strategic partnerships with restaurants, food brands, and delivery service providers can enhance Zomato’s market presence. Collaborations can lead to exclusive deals and promotions, attracting more users to the platform.

• Market Competition: The competitive landscape in the food delivery industry is intense, with players like Swiggy and Uber Eats constantly innovating and expanding their services. Zomato’s ability to adapt to market trends, improve customer experience, and maintain pricing strategies will be crucial for its growth and share price performance in 2024.

Zomato Share Price Target 2025

Zomato share price target 2025 Expected target could be ₹450. Here are three key factors affecting the growth of Zomato’s share price target for 2025:

• Technological Advancements: The integration of advanced technologies like artificial intelligence and machine learning can significantly enhance Zomato’s operations. Improved data analytics for better customer insights and personalized experiences can lead to increased user engagement and loyalty.
• Sustainability Initiatives: Growing consumer preference for sustainable practices may drive Zomato to adopt more eco-friendly initiatives, such as reducing packaging waste and partnering with sustainable food brands. These efforts can attract environmentally conscious consumers and enhance brand reputation.

• International Expansion: Zomato’s growth potential in new markets can significantly impact its share price. Successfully entering and establishing a strong presence in international markets will diversify revenue streams and reduce dependency on the Indian market, contributing to long-term growth.

Zomato Share Price Target 2030

Zomato share price target 2030 Expected target could be ₹955. Here are three risks and challenges that could affect Zomato’s share price target for 2030:

• Intense Competition: The food delivery market is highly competitive, with numerous players like Swiggy, Uber Eats, and other local services. Increased competition can lead to price wars, reduced profit margins, and challenges in retaining customers, which may negatively impact Zomato’s growth and share price.
• Regulatory Changes: Zomato operates in various regions, and changes in regulations related to food safety, delivery operations, and gig economy workers can pose risks. Stricter regulations may increase operational costs or limit certain business practices, impacting profitability and market position.

• Economic Conditions: Economic downturns or shifts in consumer spending habits can affect Zomato’s revenue. If consumers prioritize spending on essential items over dining out or ordering food, this could lead to a decline in orders, impacting revenue and, consequently, the share price.

Zomato Ltd Shareholding Pattern

• Promoter: 0%
• FII: 52.53%
• DII: 17.3%%
• Public: 30.12%

FOR MORE DETAIL FOLLOW THE OFFICIAL WEBSITE: http://www.zomato.com/

Zomato Ltd Financials

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