Incorporated in 2010, Zomato Limited has emerged as a premier online food service platform, notable for the sheer volume of food sold.
Its broad range of services includes food delivery, dining-out services, loyalty programs, and more.
By the end of 2020, Zomato had solidified its presence in 23 countries, boasting 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order volume of 10.7 million customers.
Discussion about some technical terms related to Zomato, after that we will predict the Zomato share price target 2025 every month.
Zomato Share Price Target 2025 Monthly
Based on Zomato’s revenue contributions, business segments, international footprint, and financial performance, the following is Zomato Share Price Target 2025:
| Month | Projected Share Price (₹) |
|---|---|
| Jan 2025 | 235 |
| Feb 2025 | 240 |
| Mar 2025 | 245 |
| Apr 2025 | 250 |
| May 2025 | 255 |
| Jun 2025 | 260 |
| Jul 2025 | 265 |
| Aug 2025 | 270 |
| Sep 2025 | 275 |
| Oct 2025 | 280 |
| Nov 2025 | 285 |
| Dec 2025 | 290 |
Zomato’s Diverse Offerings
Brands Under Zomato
Zomato operates under several key brands, including Zomato, Hyperpure, Blinkit, and Feeding India. These brands cater to different segments of the food service industry, ensuring comprehensive coverage.
Positive Performance in Quick Commerce
In the second quarter of FY24, Zomato’s quick commerce brand, Blinkit, contributed positively throughout the quarter.
This marked a significant improvement from the -7.3% contribution in Q2FY23 to 1.3% in Q2FY24.
Revenue Contributions in Q2FY24
- Food Delivery: 70%
- Quick Commerce: 24%
- Dining Out: 6%
Leading Food Service Platform
By the second quarter of FY24, Zomato had 18.4 million average monthly transacting users, up from 16.4 million in Q4FY23.
By March 2021, the platform had 389,932 active restaurant listings. Its mobile app remains India’s most downloaded food and drinks application for three consecutive fiscal years on both the iOS App Store and Google Play, with approximately 90 billion monthly visits as of FY23.
Business Segments
Food Delivery
Zomato’s food delivery business revolves around three main stakeholders: customers, delivery partners, and restaurants.
The platform has seen substantial growth, with orders increasing 13.2 times from 30.6 million in FY18 to 403.1 million in FY20.
Gross Order Value (GOV) also grew 8.4 times, from INR 13,341.4 million in FY18 to INR 112,209 million in FY20. In FY22, Zomato delivered orders worth Rs 213 billion across 535.2 million orders, averaging Rs 398 per order.
Dining Out
Zomato’s dining-out services allow customers to search for and discover restaurants, read and write reviews, view and upload photos, book tables, and make payments while dining out.
The platform monetizes this segment through advertisement sales products, which restaurants pay for to gain enhanced visibility. In FY20, 8,064 restaurant partners utilized these advertising products.
However, revenue in this segment decreased by 15% YoY in FY22, primarily due to the shutdown of most international operations and a focus shift to the Indian market.
Hyperpure
Hyperpure is Zomato’s farm-to-fork supplies offering for restaurants in India. This service sources fresh, hygienic, quality ingredients directly from farmers, mills, producers, and processors, delivering them to restaurant partners. As of Q2FY23, 40,000 unique restaurants were billed through Hyperpure.
Blinkit
Operating in 15 cities in India, Blinkit aims to expand to 480 stores by FY24 and expects to break even by Q1FY25.
International Footprints
Despite its extensive international presence, Zomato has pulled out of all international markets as of Q2FY24, liquidating its subsidiaries in Chile & Slovakia.
International operations contributed about 10% to the company’s revenue but also accounted for more than 15% of liabilities and over 13% of losses in FY21.
Data Analytics Capabilities
Headed by CEO Deepinder Goyal, Zomato leverages advanced technologies like artificial intelligence, machine learning, and deep data science to innovate continuously for its customers, delivery partners, and restaurant partners.
Subsidiaries
As of Q2FY24, Zomato comprises 28 subsidiaries, one trust, and one associate.
Show Cause Notice and High-Profile Exits
In December 2023, Zomato received a show cause notice for a GST tax liability of approximately Rs. 400 crores on delivery charges.
The company has also experienced several high-profile exits, including Co-founder and Chief Technology Officer Gunjan Patidar in January 2023, Co-founder Mohit Gupta in November 2022, Head of New Initiatives Rahul Ganjoo in November 2022, and Deputy CFO Nitin Savara in August 2022.
Quarterly Results and Monthly Share Price Analysis for 2025
Quarterly Financial Performance
| Quarter | Sales (Rs. Crores) | Expenses (Rs. Crores) | Operating Profit (Rs. Crores) | Net Profit (Rs. Crores) |
|---|---|---|---|---|
| Mar 2021 | 692 | 846 | -154 | -134 |
| Jun 2021 | 844 | 1,221 | -376 | -361 |
| Sep 2021 | 1,024 | 1,560 | -536 | -435 |
| Dec 2021 | 1,112 | 1,601 | -489 | -67 |
| Mar 2022 | 1,212 | 1,662 | -450 | -360 |
| Jun 2022 | 1,414 | 1,721 | -307 | -186 |
| Sep 2022 | 1,661 | 1,973 | -312 | -251 |
| Dec 2022 | 1,948 | 2,314 | -366 | -347 |
| Mar 2023 | 2,056 | 2,282 | -226 | -188 |
| Jun 2023 | 2,416 | 2,464 | -48 | 2 |
| Sep 2023 | 2,848 | 2,895 | -47 | 36 |
| Dec 2023 | 3,288 | 3,237 | 51 | 138 |
| Mar 2024 | 3,562 | 3,476 | 86 | 175 |
Conclusion
Zomato Limited has demonstrated impressive growth and resilience over the years, positioning itself as a leader in the online food service industry.
With strategic expansions and a strong market presence, Zomato’s share price is poised for substantial growth in 2025.
Investors can expect a steady upward trajectory, driven by continuous innovation and market penetration.
Zomato share price target 2025 can be different as per market trends and some other situations created in the market.