Zomato, a leading food delivery company, achieved an all-time high in its shares, soaring by 200% in a year and 70% in six months. Analysts foresee continued growth, citing the nascent stage of India's food delivery sector.
Motilal Oswal predicts robust growth for Zomato, driven by its dominant market share and expansion into related ventures like Blinkit. Zomato's management expects a 50% increase in topline over the next few years, with sustained growth in revenue and adjusted EBITDA margins.