Reported Earnings • Apr 29
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: ₹0.40 (down from ₹0.60 in FY 2025). Revenue: ₹543.6b (up 169% from FY 2025). Net income: ₹3.66b (down 31% from FY 2025). Profit margin: 0.7% (down from 2.6% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
Eternal Limited to Report Q4, 2026 Results on Apr 28, 2026 Eternal Limited announced that they will report Q4, 2026 results on Apr 28, 2026 Reported Earnings • Jan 22
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹0.11 (up from ₹0.07 in 3Q 2025). Revenue: ₹163.2b (up 202% from 3Q 2025). Net income: ₹1.02b (up 73% from 3Q 2025). Profit margin: 0.6% (down from 1.1% in 3Q 2025). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Announcement • Jan 15
Eternal Limited to Report Q3, 2026 Results on Jan 21, 2026 Eternal Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Jan 21, 2026 Price Target Changed • Oct 17
Price target increased by 8.0% to ₹369 Up from ₹341, the current price target is an average from 31 analysts. New target price is 7.6% above last closing price of ₹343. Stock is up 33% over the past year. The company is forecast to post earnings per share of ₹0.66 for next year compared to ₹0.60 last year. Reported Earnings • Oct 17
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: ₹0.07 (down from ₹0.20 in 2Q 2025). Revenue: ₹139.4b (up 191% from 2Q 2025). Net income: ₹650.0m (down 63% from 2Q 2025). Profit margin: 0.5% (down from 3.7% in 2Q 2025). Revenue exceeded analyst estimates by 45%. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 77% per year, which means it is significantly lagging earnings growth. Announcement • Oct 13
Eternal Limited to Report Q2, 2026 Results on Oct 16, 2025 Eternal Limited announced that they will report Q2, 2026 results on Oct 16, 2025 Announcement • Aug 07
Antfin to Exit Eternal in $612 Million Block Deal Antfin Singapore Holding Pte Ltd, a unit of China's Alibaba Group, will sell its entire 1.95% stake in food and grocery delivery firm Eternal Limited (NSEI:ETERNAL) in a block deal worth $612 million, days after it said its final goodbye to financial services firm Paytm. The term sheet reviewed by Mint showed that the clean-up trade was made at a 4.63% discount to Eternal's closing share price on 6 August. Antfin holds 188.4 million shares in Eternal. Antfin has hired Morgan Stanley and Bank of America for the sale. The order book opens on August 6, 2025 and is expected to close on August 7, 2025. Reported Earnings • Jul 22
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: ₹0.03 (down from ₹0.29 in 1Q 2025). Revenue: ₹75.2b (up 79% from 1Q 2025). Net income: ₹250.0m (down 90% from 1Q 2025). Profit margin: 0.3% (down from 6.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 56%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 93% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 22
Price target increased by 8.1% to ₹305 Up from ₹282, the current price target is an average from 30 analysts. New target price is approximately in line with last closing price of ₹300. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₹0.93 for next year compared to ₹0.60 last year. Announcement • Jul 21
Eternal Limited, Annual General Meeting, Aug 19, 2025 Eternal Limited, Annual General Meeting, Aug 19, 2025, at 12:00 Indian Standard Time. Announcement • Jul 16
Eternal Limited to Report Q1, 2026 Results on Jul 21, 2025 Eternal Limited announced that they will report Q1, 2026 results on Jul 21, 2025 Announcement • Jul 08
Eternal Limited Announces Executive Changes, Effective July 6, 2025 Eternal Limited announced that Rakesh Ranjan has successfully completed his 2-year stint as the CEO of the Food Ordering and Delivery business and will cease to be designated as a Senior Management Personnel (SMP) effective July 6, 2025. Aditya Mangla has been appointed as the new CEO of the Food Ordering and Delivery business and SMP, with the board of directors' approval on July 6, 2025, for a period of 2 years. Aditya Mangla is currently the Head of Product for food ordering and delivery at Eternal. Since joining Eternal in March 2021, he has taken up multiple leadership roles within the food delivery business, including Head of Supply and Head of Customer Experience, focusing on optimizing restaurant partner ecosystems and enhancing customer satisfaction across digital touchpoints. Before Eternal, Aditya held senior PnL, product, and marketing roles across startups and tech-driven companies. Aditya holds a PGP in Management from the Indian School of Business, where he was a Torchbearer Awardee, a master's degree in Information Networking from Carnegie Mellon University, and an undergraduate engineering degree in IT from Netaji Subhas Institute of Technology. Reported Earnings • May 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹0.60 (up from ₹0.41 in FY 2024). Revenue: ₹202.4b (up 67% from FY 2024). Net income: ₹5.27b (up 50% from FY 2024). Profit margin: 2.6% (down from 2.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.5%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Eternal Limited to Report Q4, 2025 Results on May 01, 2025 Eternal Limited announced that they will report Q4, 2025 results on May 01, 2025 Announcement • Apr 08
Zomato Announces Resignation of Rinshul Chandra as COO Rinshul Chandra has resigned from his position as chief operating officer (COO)- at Zomato. Chandra will be pursuing new opportunities and personal interests. He joined the company in 2018 as an AVP, product, before being promoted to vice president, product. He later served as head of business for Zomato Everyday and most recently held the role of COO at Zomato. Chandra has over a decade of experience, having previously worked with companies like Magicpin and Shell. Reported Earnings • Jan 21
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹0.07 (down from ₹0.16 in 3Q 2024). Revenue: ₹56.6b (up 72% from 3Q 2024). Net income: ₹590.0m (down 57% from 3Q 2024). Profit margin: 1.0% (down from 4.2% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 79%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Jan 15
Zomato Limited to Report Q3, 2025 Results on Jan 20, 2025 Zomato Limited announced that they will report Q3, 2025 results on Jan 20, 2025 Announcement • Dec 17
Zomato Limited Announces Resignation of Hemal Jain, Head- Business Finance Zomato Limited informed that Ms. Hemal Jain, Head- Business Finance, designated as Senior Management Personnel has tendered her resignation on December 16, 2024. Reported Earnings • Dec 04
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ₹0.20 (up from ₹0.047 in 2Q 2024). Revenue: ₹48.0b (up 69% from 2Q 2024). Net income: ₹1.76b (up 389% from 2Q 2024). Profit margin: 3.7% (up from 1.3% in 2Q 2024). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Zomato Limited has completed a Follow-on Equity Offering in the amount of INR 85 billion. Zomato Limited has completed a Follow-on Equity Offering in the amount of INR 85 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 336,473,755
Price\Range: INR 252.62
Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing Announcement • Nov 26
Zomato Limited has filed a Follow-on Equity Offering in the amount of INR 85 billion. Zomato Limited has filed a Follow-on Equity Offering in the amount of INR 85 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 319,657,027
Price(minimum): INR 265.91
Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing Reported Earnings • Oct 23
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ₹0.20 (up from ₹0.04 in 2Q 2024). Revenue: ₹48.0b (up 69% from 2Q 2024). Net income: ₹1.76b (up 389% from 2Q 2024). Profit margin: 3.7% (up from 1.3% in 2Q 2024). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Oct 17
Zomato Limited to Report Q2, 2025 Results on Oct 22, 2024 Zomato Limited announced that they will report Q2, 2025 results on Oct 22, 2024 Announcement • Oct 11
Zomato Limited Announces Resignation of Gunjan Tilak Raj Soni as Independent Director, Member of the Risk Management Committee and Corporate Social Responsibility Committee Zomato Limited informed that Ms. Gunjan Tilak Raj Soni has tendered her resignation as independent director of the Company, with effect from close of business hours on October 11, 2024 due to increased work commitments. Consequently, she shall also cease to be a member of the risk management committee and corporate social responsibility committee of the Company. Announcement • Aug 28
Zomato Limited (NSEI:ZOMATO) completed the acquisition of Wasteland Entertainment Private Limited and Orbgen Technologies Private Limited from One97 Communications Limited (NSEI:PAYTM) for INR 7.6 billion. Zomato Limited (NSEI:ZOMATO) entered into an agreement to acquire Wasteland Entertainment Private Limited and Orbgen Technologies Private Limited from One97 Communications Limited (NSEI:PAYTM) for INR 7.6 billion on August 21, 2024. One97 has entered into multiple definitive agreements simultaneously under which it will first transfer its events business to its subsidiary company, Wasteland Entertainment Private Limited and movies ticketing business to subsidiary company, Orbgen Technologies Private Limited and then ultimately selling 100% stake in the subsidiaries Wasteland Entertainment Private Limited and Orbgen Technologies Private Limited to Zomato. The transaction value is subject to cash and net working capital adjustments at closing. For the period ending March 31, 2024, Wasteland Entertainment Private Limited/Orbgen Technologies Private Limited reported net income of INR 2.51 billion and total common equity of INR 177.5 million. The deal has been approved by the board of One97. The transaction is subject to the satisfactory completion of all closing condition and is expected to close within 90 days from the execution date of the agreement.
Deloitte Touche Tohmatsu India, LLP acted as accountant for One97 Communications Limited. Morgan Stanley India Company Private Limited acted as fairness opinion provider for One97 Communications Limited. L&L Partners acted as legal advisor for One97 Communications Limited.
Zomato Limited (NSEI:ZOMATO) completed the acquisition of Wasteland Entertainment Private Limited and Orbgen Technologies Private Limited from One97 Communications Limited (NSEI:PAYTM) on August 27, 2024. Announcement • Aug 20
Alibaba Affiliate May Sell 1.54% Stake in Zomato Antfin Singapore Holding Pte. Ltd., an affiliate of the Chinese conglomerate Alibaba Group, is likely to sell a 1.54% stake in online food delivery aggregator Zomato Limited (NSEI:ZOMATO) on August 20, 2024 through block deals, aiming to raise around INR 34,000 million. According to a term sheet issued by the bankers Goldman Sachs and Morgan Stanley, Antfin Singapore is offering to sell 136 million shares at a floor price of INR 251.68 per share - a 4% discount to August 19, 2024 closing price. As of June 30, 2024, Antfin held a 4.24% stake in Zomato. Shares of Zomato have rallied 66% so far this year, compared to an 11% gain in the Sensex. In March, Antfin sold a 2% stake in Zomato through the open market for about INR 28,280 million. Price Target Changed • Aug 02
Price target increased by 13% to ₹248 Up from ₹220, the current price target is an average from 26 analysts. New target price is 5.6% below last closing price of ₹262. Stock is up 175% over the past year. The company is forecast to post earnings per share of ₹1.45 for next year compared to ₹0.41 last year. Reported Earnings • Aug 02
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ₹0.29. Revenue: ₹42.1b (up 74% from 1Q 2024). Net income: ₹2.53b (up ₹2.51b from 1Q 2024). Profit margin: 6.0% (up from 0.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Aug 01
Zomato Limited, Annual General Meeting, Aug 28, 2024 Zomato Limited, Annual General Meeting, Aug 28, 2024, at 12:00 Indian Standard Time. Announcement • Jul 25
Zomato Limited to Report Q1, 2025 Results on Aug 01, 2024 Zomato Limited announced that they will report Q1, 2025 results on Aug 01, 2024 Announcement • Jun 19
Zomato Confirms Discussions with Paytm Regarding its Movies and Events Business Zomato Limited (NSEI:ZOMATO) has confirmed discussions with Paytm (One97 Communications Limited (NSEI:PAYTM)) regarding the acquisition of Paytm's movies and events business. "We have noticed that there are certain news articles circulating in the mainstream media with the subject 'Zomato in talks to acquire Paytm's movies, ticketing business'. This voluntary disclosure is being made to clarify our stance on the matter given that any transaction that is considered potentially meaningful may create uncertainty in the market. We acknowledge that we are in discussions with Paytm for the aforementioned transaction, however, no binding decision has been taken at this stage that would warrant a Board approval and subsequent disclosure in accordance with applicable law," it said in a regulatory filing. Announcement • Jun 18
Zomato Reportedly in Talks to Acquire Paytm's Movies, Ticketing Business Zomato Limited (NSEI:ZOMATO) is in advanced negotiations to acquire One97 Communications Limited (NSEI:PAYTM) (Paytm)’s movie ticketing and events division as the Deepinder Goyal-led firm looks to double down on its ‘going-out’ businesses, according to two people in the know. The deal may value Paytm’s vertical at INR 16,000 million-INR 17,500 million, they said. Adding receivables from cinema exhibitors, the valuation could go up to INR 20,000 million, they added. A formal announcement is expected later this month, perhaps as early as this week. Zomato and Paytm spokespersons declined to comment. “Paytm Movies and Paytm Insider are being merged to bring in synergies between the two teams,” said one of the persons cited. “The idea is to build this as a single unit… Zomato’s interest in this segment has been there for a while so it fits in very well.” Zomato has been looking to capture consumer demand across categories such as food, grocery and entertainment. Price Target Changed • May 15
Price target increased by 12% to ₹207 Up from ₹185, the current price target is an average from 25 analysts. New target price is 8.0% above last closing price of ₹192. Stock is up 203% over the past year. The company is forecast to post earnings per share of ₹1.40 for next year compared to ₹0.41 last year. Reported Earnings • May 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₹0.41 (up from ₹1.20 loss in FY 2023). Revenue: ₹121.1b (up 71% from FY 2023). Net income: ₹3.51b (up ₹13.2b from FY 2023). Profit margin: 2.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.5%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Announcement • May 09
Zomato Limited to Report Q4, 2024 Results on May 13, 2024 Zomato Limited announced that they will report Q4, 2024 results on May 13, 2024 Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Non-Executive Director Sutapa Banerjee was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 25
Price target increased by 7.2% to ₹184 Up from ₹172, the current price target is an average from 25 analysts. New target price is approximately in line with last closing price of ₹185. Stock is up 204% over the past year. The company is forecast to post earnings per share of ₹0.35 next year compared to a net loss per share of ₹1.20 last year. Breakeven Date Change • Apr 25
Forecast breakeven date pushed back to 2025 The 24 analysts covering Zomato previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of ₹14.3b in 2025. Average annual earnings growth of 41% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 31
Forecast breakeven date pushed back to 2025 The 23 analysts covering Zomato previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of ₹14.2b in 2025. Average annual earnings growth of 41% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 27
Forecast breakeven date moved forward to 2024 The 24 analysts covering Zomato previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of ₹3.35b in 2024. Earnings growth of 49% is required to achieve expected profit on schedule. Price Target Changed • Feb 09
Price target increased by 8.3% to ₹146 Up from ₹135, the current price target is an average from 27 analysts. New target price is approximately in line with last closing price of ₹149. Stock is up 180% over the past year. The company is forecast to post earnings per share of ₹0.40 next year compared to a net loss per share of ₹1.20 last year. Reported Earnings • Feb 09
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: ₹0.16 (up from ₹0.42 loss in 3Q 2023). Revenue: ₹35.1b (up 80% from 3Q 2023). Net income: ₹1.38b (up ₹4.85b from 3Q 2023). Profit margin: 3.9% (up from net loss in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Announcement • Feb 02
Zomato Limited to Report Q3, 2024 Results on Feb 08, 2024 Zomato Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Announcement • Dec 24
Zomato Reportedly Makes Takeover Offer for Shiprocket Zomato Limited (NSEI:ZOMATO) has made an offer to acquire closely held Indian e-commerce shipping startup Shiprocket (BigFoot Retail Solutions Pvt. Ltd.), according to people with knowledge of the matter. Zomato’s offer values the platform at about $2 billion, said the people, who requested anonymity discussing confidential information. No final decision has been made and Zomato could opt against proceeding with a deal for the company, the people said. Announcement • Dec 07
Softbank May Offload $135-Million Worth Stake in Zomato Via Block Deal SoftBank Group Corp. (TSE:9984) is likely to sell $135 million worth of stake in the food delivery company through a block deal, according to news reports. The transaction will be done at INR 120.5 apiece, which is at a marginal discount to current levels. Softbank has been gradually paring stake in Zomato Limited (NSEI:ZOMATO) post the lock-in for Blinkit deal ended in August. As of June end, the Japanese investor, through its affiliate, held 3.35%, which came down to 2.17% in September. In August this year, it had sold about 1.17% in Zomato, which was valued at INR 9,470 million. Earlier in October, the Japanese tech giant had offloaded a 1.09% stake in the company. Marquee funds including Citigroup, Axis MF, Bandhan MF, ADIA, Fidelity, Goldman Sachs, Morgan Stanley, and Motilal Oswal, among others bought stakes through the deal. Zomato issued fresh equity shares to all the selling shareholders of Blinkit as consideration for the M&A last year. Following the transaction, Zomato had negotiated a 12-month lock-in for these shares, compared to the statutory lock-in requirement of six months. A majority of these shares are owned by just three venture capital investors, namely, Softbank, Sequoia, and Tiger Global. Announcement • Nov 30
Alipay Reportedly to Sell its Stake in Zomato for Nearly $400 Million Alipay Singapore Holding Pte. Ltd. plans to sell its 3.4% stake in Indian food delivery giant Zomato Limited (NSEI:ZOMATO) for nearly $400 million through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group Co. Ltd., will offload its entire 3.44% stake in the deal, the term sheet seen by Reuters showed. Bank of America and Morgan Stanley are advisers on the deal, which is likely to be executed later this week on Indian exchanges, said the three sources, who declined to be named as the plan is private. Zomato, Bank of America and Morgan Stanley did not immediately respond to a request for comment. Alipay also did not respond outside regular business hours. Price Target Changed • Nov 06
Price target increased by 11% to ₹123 Up from ₹110, the current price target is an average from 27 analysts. New target price is approximately in line with last closing price of ₹123. Stock is up 89% over the past year. The company is forecast to post earnings per share of ₹0.31 next year compared to a net loss per share of ₹1.20 last year. Reported Earnings • Nov 04
Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2024 results: EPS: ₹0.04 (up from ₹0.31 loss in 2Q 2023). Revenue: ₹28.5b (up 71% from 2Q 2023). Net income: ₹360.0m (up ₹2.87b from 2Q 2023). Profit margin: 1.3% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in India. Announcement • Oct 27
Zomato Limited to Report Q2, 2024 Results on Nov 03, 2023 Zomato Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Announcement • Oct 20
SoftBank Reportedly to Offload 1.1% Stake in Zomato worth INR 10.24 Billion via Bulk Deal Japanese tech giant SoftBank Group Corp. (TSE:9984), through its affiliate SVF Growth (Singapore) Pte. Ltd., is likely to sell a 1.1% stake in food delivery company Zomato through block deals on October 20, 2023. According to reports, the offer price is set around INR 109.4-INR 111.6 per share and the transaction is valued at INR 10.24 billion. SoftBank holds a 2.17% stake in the company, at the end of September quarter. Breakeven Date Change • Sep 19
No longer forecast to breakeven The 25 analysts covering Zomato no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₹1.42b in 2024. New consensus forecast suggests the company will make a loss of ₹19.1b in 2026. Announcement • Aug 30
SoftBank Reportedly to Sell 1.17% Stake in Zomato Via Block Deal Japanese tech giant SoftBank Group Corp. (TSE:9984) is likely to sell about 100 million shares or 1.17% equity in food delivery platform Zomato Limited (NSEI:ZOMATO) via block deal on August 30, 2023, according to dealers. The deal price is said to be INR 94 per share, which will take the transaction value to about INR 9.40 billion. SoftBank, through its fund SVF Growth Pte Ltd, holds about 3.35% in the company, at the end of June quarter. The stake sale comes as the lock-in ended for the post- Blink Commerce Private Limited deal. Kotak Securities Limited will act as the broker to the deal. Zomato issued fresh equity shares to all the selling shareholders of Blinkit as consideration for the M&A last year. Following the transaction, Zomato had negotiated a 12-month lock-in for these shares, compared to the statutory lock-in requirement of six months. A majority of these shares are owned by just three venture capital investors, namely, Softbank, Sequoia and Tiger Global. On August 28, 2023, Tiger Global, through its affiliate Internet Fund III Pte, has exited Zomato by selling its entire stake. Marquee funds including Axis Mutual Fund, Goldman Sachs, Citigroup, Morgan Stanley Asia, Societe Generale picked up stake in the transaction. Announcement • Aug 04
Zomato Limited, Annual General Meeting, Aug 30, 2023 Zomato Limited, Annual General Meeting, Aug 30, 2023, at 16:30 Indian Standard Time. Agenda: To consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2023 together with the reports of the board of directors and auditors' thereon; to re-appoint Mr. Sanjeev Bikhchandani (DIN: 00065640), Non-Executive and Nominee Director, who retires by rotation at the upcoming AGM and being eligible has offered himself for re-appointment; and to re-classify existing unissued authorised preference share capital of the Company and allocate the same to the authorised equity share capital of the Company. Breakeven Date Change • Aug 04
Forecast to breakeven in 2026 The 25 analysts covering Zomato expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹8.63b in 2026. Average annual earnings growth of 109% is required to achieve expected profit on schedule. Reported Earnings • Aug 04
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₹26.0b (up 84% from 1Q 2023). Net income: ₹20.0m (up ₹1.88b from 1Q 2023). Profit margin: 0.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in India. Announcement • Jul 26
Zomato Limited to Report Q1, 2024 Results on Aug 03, 2023 Zomato Limited announced that they will report Q1, 2024 results on Aug 03, 2023 Breakeven Date Change • Jul 11
Forecast to breakeven in 2025 The 25 analysts covering Zomato expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹243.8m in 2025. Average annual earnings growth of 100% is required to achieve expected profit on schedule. Announcement • Jun 17
SoftBank Looking To Book Profits by Selling Shares in Zomato, Paytm SoftBank Group Corp. (TSE:9984) is looking to book profits by selling small stakes in Paytm’s parent One97 Communications and Zomato Limited (NSEI:ZOMATO) as the new-age stocks rally, finally turning into profitable bets for the Japanese investment conglomerate. SoftBank may sell shares in the two companies in smaller tranches in the open market, rather than through block deals, sources told Moneycontrol. The investment bank paid around INR 65- INR 70 apiece for Zomato and INR 830- INR 840 for Paytm. On June 15, Paytm closed at INR 900 and Zomato at INR 74.95. Paytm has surged nearly 70% this year, while Zomato has gained 24%, due to a significant improvement in their financials. Moneycontrol’s queries to SoftBank did not elicit a response. Breakeven Date Change • May 23
Forecast breakeven date moved forward to 2025 The 25 analysts covering Zomato previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 49% to 2024. The company is expected to make a profit of ₹312.6m in 2025. Average annual earnings growth of 99% is required to achieve expected profit on schedule. Reported Earnings • May 20
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: ₹1.20 loss per share (improved from ₹1.67 loss in FY 2022). Revenue: ₹77.6b (up 85% from FY 2022). Net loss: ₹9.71b (loss narrowed 20% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in India. Announcement • May 20
Zomato Limited Appoint Executives Zomato has made three key appointments elevating Rakesh Ranjan, and Rinshul Chandra as chief executive officer and chief operating officer of food ordering and delivery vertical, respectively. While Ranjan was business head of new businesses at Zomato, Chandra was vice president of product at the company. Arora, meanwhile, has been with Blinkit, formerly known as Grofers, for almost nine years and held the position of senior vice president of operations before being elevated to cofounder of Blinkit in July last year. These appointments come in the backdrop of a series of senior level exits at the company, including cofounders like Mohit Gupta and Gunjan Patidar, who was also its chief technology officer. Senior executives like head of new initiatives Rahul Ganjoo and Siddharth Jhawar, who was the head of Zomato's intercity delivery, also quit late last year. Announcement • May 11
Zomato Limited to Report Q4, 2023 Results on May 19, 2023 Zomato Limited announced that they will report Q4, 2023 results on May 19, 2023 Breakeven Date Change • Mar 31
Forecast to breakeven in 2026 The 24 analysts covering Zomato expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹5.89b in 2026. Average annual earnings growth of 58% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 12
No longer forecast to breakeven The 22 analysts covering Zomato no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₹1.58b in 2025. New consensus forecast suggests the company will make a loss of ₹444.3m in 2025. Reported Earnings • Feb 10
Third quarter 2023 earnings released Third quarter 2023 results: Net income: (up ₹632.0m from 3Q 2022). Announcement • Feb 10
Zomato Limited Announces Resignation of Douglas Feagin as Non-Executive-Non-Independent Director of the Company (Nominee Director) Zomato Limited informed that Mr. Douglas Feagin (DIN: 07868696), Non-Executive-Non-Independent Director of the Company (Nominee Director), has resigned vide letter dated February 9, 2023 with immediate effect. Breakeven Date Change • Feb 10 The 23 analysts covering Zomato previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 21% per year to 2024. The company is expected to make a profit of ₹1.43b in 2025.
Announcement • Feb 02
Zomato Limited to Report Q3, 2023 Results on Feb 09, 2023 Zomato Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Breakeven Date Change • Jan 25
Forecast to breakeven in 2025 The 23 analysts covering Zomato expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹1.60b in 2025. Average annual earnings growth of 78% is required to achieve expected profit on schedule. Breakeven Date Change • Jan 05
Forecast to breakeven in 2025 The 22 analysts covering Zomato expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹1.61b in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Announcement • Jan 03
Zomato Limited Announces Resignation of Gunjan Patidar as Co-Founder and Chief Technology Officer Zomato Limited announced that Mr. Gunjan Patidar, Co-founder and Chief Technology Officer at the Company has tendered his resignation on January 2, 2023. Mr. Gunjan Patidar was one of the first few employees of Zomato and built the core tech systems for the Company. Over the last ten plus years, he also nurtured a stellar tech leadership team that is capable of taking on the mantle of leading the tech function going forward. His contribution to building Zomato has been invaluable. Announcement • Nov 20
Zomato Limited Announces Resignation of Mohit Gupta as Co-Founder Zomato Limited announced resignation of Mr. Mohit Gupta as Co-founder of the company. The company further like to submit that Mr. Mohit Gupta was not designated as key managerial personnel under the Companies Act, 2013 and the Listing Regulations. Announcement • Nov 16
Zomato Limited Announces Resignation of Mr. Rahul Ganjoo as Head of New Initiatives Zomato Limited informed that Mr. Rahul Ganjoo, Head of New Initiatives at the Company has tendered his resignation on November 14, 2022. Mr. Rahul Ganjoo was not designated as key managerial personnel under the Companies Act, 2013 and the Listing Regulations. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sutapa Banerjee was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: ₹0.31 loss per share (improved from ₹0.59 loss in 2Q 2022). Revenue: ₹18.3b (up 79% from 2Q 2022). Net loss: ₹2.51b (loss narrowed 42% from 2Q 2022). Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Online Retail industry in Asia. Announcement • Nov 03
Zomato Limited to Report Q2, 2023 Results on Nov 10, 2022 Zomato Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Announcement • Sep 02
Zomato Limited Announces Resignation of Mr. Nitin Savara as Deputy CFO Zomato Limited announced that Mr. Nitin Savara, Deputy CFO of the Company has tendered his resignation i.e. August 31, 2022. Announcement • Aug 07
Zomato Limited, Annual General Meeting, Aug 30, 2022 Zomato Limited, Annual General Meeting, Aug 30, 2022, at 16:00 Indian Standard Time. Agenda: To consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2022 together with the reports of the board of directors and auditors' thereon and in this regard to consider and if thought fit, to pass the resolution as an Ordinary Resolution; and to consider re-appointment of Mr. Sanjeev Bikhchandani Non-Executive and Nominee Director, who retires by rotation and being eligible, offers himself for re-appointment and in this regard to consider and if thought fit, to pass the resolution as an Ordinary Resolution;. Breakeven Date Change • Aug 02
Forecast to breakeven in 2025 The 17 analysts covering Zomato expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 27% per year to 2024. The company is expected to make a profit of ₹167.3m in 2025. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Announcement • Jul 23
Zomato Limited to Report Q1, 2023 Results on Aug 01, 2022 Zomato Limited announced that they will report Q1, 2023 results on Aug 01, 2022 Announcement • Jun 25
Zomato Limited (NSEI:ZOMATO) agreed to acquire unknown additional stake in Grofers India Private Limited. Zomato Limited (NSEI:ZOMATO) agreed to acquire unknown additional stake in Grofers India Private Limited for $568.16 million on June 24, 2022. Breakeven Date Change • Jun 10
No longer forecast to breakeven The 16 analysts covering Zomato no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₹314.2m in 2025. New consensus forecast suggests the company will make a loss of ₹2.59b in 2025. Announcement • Jun 07
Zomato Reportedly to Sign Blinkit Deal on June 17 Zomato Limited (NSEI:ZOMATO) is likely to call an extraordinary general meeting on June 17 to clear the acquisition of quick commerce startup Blinkit, formerly Grofers, almost two years after the two entities first discussed a potential acquisition, two people aware of the discussions told ET. According to sources, the deal is tied to a certain number of Zomato shares that Blinkit’s investors will receive as a part of the share-swap deal. Blinkit’s investors are also expected to have a lock-in period of six months, one of the sources said. Breakeven Date Change • May 25
No longer forecast to breakeven The 17 analysts covering Zomato no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₹972.0m in 2025. New consensus forecast suggests the company will make a loss of ₹705.3m in 2025. Announcement • May 16
Zomato Limited to Report Q4, 2022 Results on May 23, 2022 Zomato Limited announced that they will report Q4, 2022 results on May 23, 2022 Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sutapa Banerjee was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Apr 01
Forecast to breakeven in 2025 The 19 analysts covering Zomato expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹972.0m in 2025. Average annual earnings growth of 56% is required to achieve expected profit on schedule. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: ₹0.08 loss per share (up from ₹0.24 loss in 3Q 2021). Revenue: ₹11.1b (up 61% from 3Q 2021). Net loss: ₹632.0m (loss narrowed 52% from 3Q 2021). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 85%. Over the next year, revenue is forecast to grow 49%, compared to a 35% growth forecast for the industry in India. Announcement • Feb 03
Zomato Limited to Report Q3, 2022 Results on Feb 10, 2022 Zomato Limited announced that they will report Q3, 2022 results on Feb 10, 2022 Announcement • Dec 24
Swiggy Reportedly in the Final Stages of Talks to Invest in Rapido Bundl Technologies Private Limited (Swiggy) is in the final stages of talks to invest in Roppen Transportation Services Private Limited (Rapido), two people in the know of the matter told ET. If the investment goes through, it will help Swiggy enhance its last-mile delivery capabilities and bolster its quick commerce ambitions. The funding will also be Swiggy's first bet in the mobility sector. The capital infusion is part of Rapido's larger financing round of $150-200 million at a valuation of $500-600 million, for which it was in talks with Zomato Limited (NSEI:ZOMATO), but that fell through recently, the people said. Swiggy is expected to draw synergies from Rapido, which is essentially a shared mobility platform, but at the moment the investment is purely financial with no exclusivity offered to food-ordering company, multiple sources told ET on condition of anonymity as the talks are private. “The termsheets are in and Swiggy is expected to co-lead the funding round. There will be another new investor joining Swiggy along with existing backers who will also participate in the fundraise” said one person. A spokesperson for Swiggy did not comment. When contacted, Aravind Sanka, Cofounder of Rapido, said he would not be able to comment. Announcement • Dec 19
Zomato Limited (NSEI:ZOMATO) completed the acquisition of a 7.89% stake in BigFoot Retail Solutions Pvt. Ltd. Zomato Limited (NSEI:ZOMATO) agreed to acquire a 7.89% stake in BigFoot Retail Solutions Pvt. Ltd for INR 5.6 billion on November 10, 2021. The consideration will be paid in cash. Zomato Limited board have approved the transaction. The transaction is expected to be completed within 30 business days. As of March 31, 2021 BigFoot Retail Solutions Pvt. Ltd reported revenue of INR 3580.12 million.
Zomato Limited (NSEI:ZOMATO) completed the acquisition of a 7.89% stake in BigFoot Retail Solutions Pvt. Ltd on December 17, 2021.