Arey yaar, HDFC Securities ne Zomato ko 'Buy' ki rating di hai, aur iske peeche food delivery mein badhti hui trends aur Blinkit se milta market share gain hai. Analysts ka kehna hai ki food delivery mein achha growth milega, jisme users 20% badhenge aur orders bhi 24% zyada honge. Net Order Value (NOV) bhi 18% saal-dar-saal badhne ki umeed hai. Ye sab 'Gold' membership jaise programs ki wajah se ho raha hai jo user engagement badhayenge. Haalanki, delivery costs badh sakti hain agar unhein order volume maintain karne ke liye radius badhana pada. Isi liye companies ne platform fees 17-19% badha di hain aur minimum order values bhi.
Ab baat karte hain quick commerce ki, jahaan Blinkit zabardast perform kar raha hai. Competitors profitability par focus kar rahe hain, isliye Blinkit ka market share aur badhne wala hai. Zomato ki strong supply chain aur Blinkit ka growth par focus isko fayda dega. Analysts predict kar rahe hain ki Q4 mein NOV 10% quarter-on-quarter badhega, jismein 250 naye dark stores add ho rahe hain aur daily orders bhi steady hain, jis se ye business profit ke kareeb pahunch raha hai. India mein quick commerce market bhi mast grow hone wala hai, $3.65 billion se $6.64 billion tak pahunchega 2026 se 2031 tak. September 2025 tak Blinkit ka market share 50% se zyada tha, jo Zepto aur Swiggy Instamart se kaafi aage hai.
Stock ki baat karein toh, Zomato around ₹236.50 par trade kar raha tha April 2026 ko. Company ka market cap lagbhag ₹228,425 crore hai. Lekin valuation thoda zyada lag raha hai, P/E ratio 988.85 hai December 2025 tak ke earnings ke hisaab se. Ye high P/E batata hai ki investors future growth se bahut umeed rakhte hain. Pichhle saal stock 9.2% badha tha. Haalanki, pichhle hafte 0.5% aur pichhle mahine 3.9% ki giraavat dikhi hai, jo upgrade ke bawajood caution dikha rahi hai.
Food delivery mein Zomato ka market share 55-58% hai, jabki Swiggy ka 42-45%. Blinkit ka quick commerce mein dominance (>50% as of Sep 2025) uske strategic execution ko dikhata hai. Zomato ki FY25 revenue ₹20,243 crore thi, jo 67% saal-dar-saal increase hai, aur net profit ₹527 crore raha. Quick commerce sector 2030 tak $25 billion se zyada hone wala hai. Kuch analysts ne early 2025 mein quick commerce competition aur Q3 FY25 net profit mein 57.2% ki giraavat ke karan downgrade bhi diye the. Par April 2026 ki reports mein ICICI Securities jaise firms ne 'Buy' rating maintain rakhi hai.
Upgrade ke bawajood, kuch chintaayein bhi hain. 988.85 ka P/E ratio ye batata hai ki growth expectations ko pura karna mushkil ho sakta hai bina margins ko nuksan pahunchaye. HDFC Securities ne FY27 aur FY28 ke liye EBITDA estimates badhaaye hain, par food delivery mein higher delivery costs ek short-term threat ho sakti hai. Quick commerce sector mein mukabla sakht hai. Zomato ka Q4 FY25 profit 77.7% gir kar ₹39 crore ho gaya tha revenue badhne ke bawajood, jo profitability mein volatility dikhata hai. High Debt to EBITDA ratio bhi debt repayment ko lekar chinta khadi karta hai. Foreign investors ne December 2024 mein apna stake kam kiya, jo sentiment shift dikhata hai. Apne bade network ko manage karna aur continuous investment karna profitability par asar daal sakta hai.
HDFC Securities ne ₹340 ka target price rakha hai, jo immediate upside ko seemit karta hai. Aage dekhein toh, food delivery long-term mein 18-20% grow karegi. Blinkit 3,000 stores tak pahunch sakta hai aur margins ko 1% tak improve kar sakta hai. Haalanki, recent Q3 FY26 results mein profit ₹102 crore raha revenue ₹16,315 crore par, par sawal ye hai ki kya growth costs aur competition ko hara paayega apne current stock price ko justify karne ke liye.