Key Points
Zomato has given a boost to investor appetite, delivering 11.6% returns in the past one week...
It has recorded five straight sessions of gains, with market capitalisation surging by Rs 6,760 crore...
With dominant market share and strong growth in the food delivery business and Hyperpure, we expect Zomato to report a strong 36% revenue CAGR over FY23-25..
Revenue growth was driven by Blinkits strong showing 21% sequential growth though growth for the food delivery business was modest at 2%, owing to adverse seasonality and macro impact, said the Motilal Oswal report...
As regards Hyperpure its platform that provides high-quality ingredients to restaurants the firm expects consistent growth and reduction in losses thanks to its strong operating leverage...
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