Bernstein Ups Zomato PT To INR 230, Cites Blinkit’s Q4 Growth

May 14, 2024 · Raise our TP to INR 230..,” said Bernstein. The brokerage firm also said that Blinkit will likely continue its aggressive store expansion and add 100 stores in Q1 FY25 as it …

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Zomato Shares Could Surge 16% With Blinkit’s Expansion

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Jun 23, 2024 · The significant return potential of Zomato, which is being driven by rising margins and strategic diversification, is the foundation for Bernstein’s projection that it will climb by …

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Blinkit's Q4 FY24 Revenue Hits INR 769 Cr, Loss Narrows To

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May 13, 2024 · Blinkit's Q4 FY24 revenue hits INR 769 Cr, loss narrows to INR 37 Cr; Zomato's Q4 net profit surges 27% QoQ to INR 175 Cr. Report this article ... Targets B2B Growth; …

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India's Zomato, Swiggy Rise As Bernstein Sees Steady Growth For …

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Dec 5, 2024 · ** Shares of Zomato NSE:ZOMATO rise 4.5%, while Swiggy NSE:SWIGGY gains 6.5%** Shares climb after Bernstein reiterates "outperform" on Zomato, terming the online …

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Blinkit: The Success Story Of The Zomato-Owned Company

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Oct 23, 2024 · However, its adjusted EBITDA loss increased to INR 8 crore, up from a INR 3 crore loss in the June quarter. Additionally, Blinkit's gross order value (GOV) surged by 122% …

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Zomato Q3: Growth In Blinkit’s Order Volumes Offset Decline In …

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Feb 9, 2023 · Zomato’s adjusted revenue from the quick commerce vertical rose 27% to INR 301 Cr in Q3 from INR 236 Cr in Q2, while gross order value (GOV) increased 18% to INR 1,749 …

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Pay Structure For Blinkit(Zomato) Delivery Workers. : R/india - Reddit

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Zomato/Swiggy take 20% cut from the restaurant on the total bill. So why would restaurants accept 20% less money for a dish. Which is why they either increase the dish price or reduce …

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Zomato Statistics: Usage, Revenue, & Key Facts - Feedough

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Aug 10, 2023 · Zomato Revenue Statistics. What was Zomato’s revenue in Dec 2022: 1,948 crores (The revenue rose 75% to Rs 1,948 crore from Rs 1,112 crore in Q3FY22) The gross …

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FAQs about Bernstein Ups Zomato PT To INR 230, Cites Blinkit’s Q4 Growth Coupon?

Can Bernstein buy Zomato stock?

Bernstein has issued a 'buy' call on Zomato stock, with a share price target of Rs 230. Bernstein cites levers for growth in margins and returns. Bernstein's share price target on Zomato implies 17 percent upside to the last close. Bernstein brokerage analysts have issued a 'Buy' call on Zomato stock, setting a target price of Rs 230 per share. ...

Will blinkit continue its aggressive store expansion?

The brokerage firm also said that Blinkit will likely continue its aggressive store expansion as it looks to achieve the 1,000 store mark by the end of March 2025 The thumbs up comes at a time when shares prices of Zomato have soared more than 210% in the past 12 months and 57% on a YTD basis ...

Is Zomato ready for blinkit EBITDA-level profitability by June 2025?

Zomato’s confidence in Blinkit’s Ebitda-level profitability by June 2025 is backed by impressive performance metrics – a daily delivery of 1.25 lakh orders and a range of 5000+ products ready in 10 minutes. As we look forward, Zomato has big plans for Blinkit in the direct-to-consumer (D2C) space to take on Amazon and Flipkart. ...

Why did Zomato acquire blinkit?

Zomato acquired Blinkit to capture the quick commerce industry in India. The CEO will put forward an action plan to make the acquisition a success, considering financial analysis of the quick commerce industry, Blinkit's operations and potential synergies. ...

How did blinkit perform in Q4 2024?

Blinkit reported total revenue of over INR 2,300 Cr for the year, and is said to have turned adjusted EBITDA positive in March 2024 CEO Albinder Dhindsa said a large part of the outsized growth for Blinkit has come due to store expansion strategies with 75 net new stores added in Q4 alone ...

Is Zomato's 'blinkit' a good buy after a watershed fy24?

After a watershed FY24, Zomato's quick commerce platform seems to have turned around its story and fortunes with a huge spike in revenue Blinkit reported total revenue of over INR 2,300 Cr for the year, and is said to have turned adjusted EBITDA positive in March 2024 ...