Hello, everyone. I hope you are doing well. As we know, the Indian market has been correcting since December 2024, and all the companies are correcting now. In this situation, where to buy and where to sell is the biggest concern. Now, I’m sharing some important information about Zomato. Tomato is expanding quick commerce, and Zomato injected 1500 crore in its subsidiary of Zomato Blinkit to expand the quick commerce business.
Zomato already invested 8500 crore through qualified institution placement. To strengthen the financial position.
Blinkit expansion.
In January this year, blinkit crossed the 1000 dark store milestone and in Q3 FY25 July to December blinkit added 368 new darks stores.
Financial position.
However, Zomato saw profit drop to Rs 59 crore from 138 crore reported in the same period a year ago.
The company’s EBITDA increased 128 percent which is 285 crore from the previous year. However, QOQ EBITDA decreased by 14% which is 45 crore, as per the analyst it happens due to expanding the dark store and business expansion.
Shareholding of the company.
FII decreased its stake in Dec 2024, from 52.34% to 47.31%.
DII increased its stake in Dec 2024, from 17.32% to 20.51%.
Public increased its stake in Dec 2024, from 28.86% to 26.09%.
Key point of the company.
1-Zomatoa subsidiary blinkit increasing it dark store.
2-Blinkit focuses on business growth.
3- It is positive because Zomato also diversifies its business in different segments. Recently zomato launched a district app for movie tickets.
Conclusion.
First of all, it is only for educational purposes I’m not giving any buying and selling recommendations so before buying any stock kindly consult with your financial advisor then do anything, however I quick commerce there is high competition and it is necessary to see that what zomato will do to compete the business in the right way to sustain their business.