Whalesbook
Naukri ka business slow, Zomato pe focus!
Dekho, Info Edge (Naukri) strategy change kar raha hai. Jo IT sector mein job hiring ka scene hai na, woh filhaal thoda mixed hai. Kuch reports keh rahi hain ki early 2026 mein slowdown dikhega, jabki kuch late 2026 mein growth expect kar rahe hain. Is situation mein, Naukri.com ka traditional business thoda challenging ho gaya hai. Isliye, Info Edge ka Zomato mein jo tagda investment hai, woh ab aur important ho gaya hai company ke future ke liye.
Job market mein Info Edge ki challenges
Info Edge, jiska main business Naukri.com hai, woh filhaal tough job market face kar raha hai. Agar kuch forecasts sahi nikle toh 2026 mein tech hiring 12-15% badh sakti hai, but early 2026 mein toh 24% ki kami dikhi thi. Ab BPO, hospitality, aur real estate jaise sectors mein zyada jobs create ho rahi hain. Is change ko dekh kar, Info Edge apne core business ko manage kar raha hai jahan demand kam hai. Company ab apne investments pe zyada focus kar rahi hai, jisme Zomato sabse bada hai. Info Edge ki market cap around ₹63,438 Cr hai aur P/E ratio 47x ke aas paas hai (May 2026 tak). Iske compare mein, Zomato ke P/E multiples toh 377x se 676x tak ja rahe hain, jo food delivery aur quick commerce sector mein investor ka craze dikhata hai.
Zomato ki growth, par profit aur valuation ka sawaal
Zomato, jo ab Eternal Limited ke naam se bhi jaani jaati hai, ne revenue mein tagdi growth dikhai hai. FY25 mein revenue ₹21,320 Cr raha, jo pichle saal se 64.49% zyada hai. Food delivery mein bhi 21% ka growth dekha gaya FY25 mein. Lekin, is expansion ke saath profit mein challenges aur market ki nazar bhi bani hui hai. Revenue badhne ke bawajood, Zomato ka net profit volatile raha hai, Q4 FY25 mein profit 77.7% gir kar ₹39 crore ho gaya tha. Blinkit ko acquire karne aur quick commerce mein aggressive expansion ke karan profit aur efficiency par pressure hai. Analysts Zomato ko 'Strong Buy' keh rahe hain aur target price ₹370 ke aas paas de rahe hain, but is optimism ke saath valuation ka risk bhi hai.
Sector growth vs. Hiring uncertainty
India mein food delivery market 2030 tak $27 billion tak pahunchne ka forecast hai. Zyada orders aur chhote shehron mein expansion se yeh grow karega. Yeh positive outlook IT hiring ke uncertain market se bilkul alag hai. Info Edge ke liye analysts 'Buy' rating de rahe hain, aur price targets ₹1,392 se ₹1,500 tak hain, jo company ke diverse assets aur recruitment business se potential gain dikhate hain. Zomato ke liye analyst targets ₹255-₹370 hain, jo uski market volatility ko reflect karte hain.
Zomato pe dependence se Info Edge ko risk
Info Edge ka Zomato pe itna depend karna ek bada risk hai. Zomato revenue mein accha kar raha hai aur food delivery, quick commerce mein lead kar raha hai, but steady profit kamana mushkil ho raha hai aggressive expansion aur competition ke wajah se. Company ka P/E ratio hundreds mein ja raha hai (377x-676x), jo future growth ke liye bahut high expectations dikhata hai, jise consistently meet karna profit ko affect kar sakta hai. Yeh high valuation chintajanak hai, Zomato ke volatile profits aur Blinkit jaise capital-heavy sector mein ongoing investments ko dekhte hue.
Aur Info Edge khud bhi challenges face kar raha hai. Recent months mein company mein significant insider selling hui hai. Pichle saal stock nearly 30% gir gaya hai. Info Edge ke paas Zomato ke alawa bhi kai assets hain, aur uska P/E 47x Zomato se zyada reasonable lagta hai, but ek hi, high-valuation, volatile asset (Zomato) pe heavily rely karna ek concentrated risk create karta hai. Info Edge ki strategy ka success bahut had tak Zomato ki ability par depend karta hai ki woh revenue growth ko steady profit mein kaise convert karta hai aur apni high market valuation ko justify kaise karta hai.