Zomato’s Share Price Soars After Impressive Q1 Results

Zomato‘s shares are on fire! After announcing its Q1 results for the financial year 2025, the online food delivery company saw its stock price jump an impressive 11.5%, reaching a record high of ₹261. This surge comes right after their April to June quarter results were revealed, showing a substantial improvement from the same quarter last year.

The company reported a consolidated net profit of ₹253 crore, a dramatic rise from just ₹2 crore during the same period last year. What’s driving this growth? It appears to be a significant increase in gross order value across not only their food delivery segment but also quick commerce and other verticals.

Zomato’s revenue soared to ₹4,442 crore, compared to ₹2,597 crore last year. With these positive results, market analysts have been buzzing about the stock, many believing it still has room to grow despite a year-on-year increase of 170% until this point.

Brokerages are chiming in with their thoughts. Nuvama Wealth, for example, upgraded its buy rating on the stock and raised its target price from ₹245 to ₹285. They highlighted Zomato’s ongoing promise of robust growth paired with improving profitability.

Similarly, Motilal Oswal Financial Services (MOFSL) reiterated their buy recommendation with a target price of ₹300, citing Zomato’s stability in its food delivery business. They also noted the potential for Blinkit, the company’s rapid grocery delivery service, as a major market disruptor.

Nomura India joined the positive chorus, projecting that Zomato will achieve a growth of over 20% in their food delivery segment in the short term. They also mentioned that the company aims to boost the number of its dark stores significantly by 2026.

Meanwhile, other brokerages like JM Financial, CLSA, UBS, Citigroup, Goldman Sachs, and more have all shared optimistic predictions, each adjusting their price targets upwards based on the strong Q1 performance.

As the market responds positively to Zomato’s ambitious growth targets and impressive earnings, it’s clear that the company is on a growth trajectory, making it a hot topic among investors and analysts alike.