- Zomato‘s revenue for the first quarter was 42.06 billion rupees, surpassing the estimated 39.27 billion rupees.
- Total costs for the first quarter amounted to 42.03 billion rupees.
- Employee benefits expenses were reported at 5.29 billion rupees, slightly lower than the estimated 5.37 billion rupees.
- Delivery and related expenses totaled 13.28 billion rupees.
- There are 24 buy ratings, 1 hold rating, and 3 sell ratings for Zomato.
Zomato on Smartkarma
Independent analysts on Smartkarma are closely monitoring Zomato, with different sentiments on its future. Janaghan Jeyakumar, CFA, in his report “Quiddity Leaderboard BSE/SENSEX Dec 24,” expresses a bearish view, highlighting potential risks based on derivative linkage requirements. He points out that Zomato‘s share price rally could pose challenges as the company navigates the BSE indices rebalancing.
On the other hand, analyst Sumeet Singh presents contrasting perspectives. In the report “Zomato Placement Lockup Expiry,” Singh raises concerns about a looming US$800m overhang due to Antfin’s upcoming lockup expiration. However, in another insight titled “Zomato Placement – Momentum Is Very Strong,” Singh takes a bullish stance, noting the strong momentum in Zomato‘s placement activities, despite potential challenges. Investors are closely watching these diverse views to make informed decisions regarding Zomato‘s future performance.
A look at Zomato Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Zomato‘s long-term outlook appears promising. The company received a high score of 5 in Growth, indicating strong potential for expansion and development in the future. Additionally, Zomato scored well in Resilience and Momentum, with scores of 4 in both categories. This suggests that the company has demonstrated the ability to withstand challenges and maintain positive performance.
Although Zomato received lower scores in Value and Dividend, with 2 and 1 respectively, the overall outlook remains optimistic. Zomato Limited, known for its online restaurant guide and food ordering platform, connects customers, restaurant partners, and delivery partners worldwide. With its focus on growth and resilience, Zomato is positioned to continue its success in the competitive food service industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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