Systematix Group recommends Zomato Ltd as a buy with a target price of ₹320, reflecting an 18% upside from the current market price of ₹270. Zomato has demonstrated consistent growth in its market share, with a strong outlook for the next few years.
Key highlights:
- Zomato’s Gross Order Value (GOV) saw a year-on-year growth of 27%-28% in Q1FY25, driven by stronger execution.
- The company plans to open 2,000 stores by March 2026, having already launched 113 stores.
- Zomato’s Blinkit division has been rapidly expanding its offerings, enhancing Zomato’s overall customer service and reach.
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