Zomato Share Price Targets for 2024–2030
Zomato’s projected share prices reflect consistent growth, driven by its strong execution and expanding market presence.
| Year | Share Price Target (₹) |
|---|---|
| 2027 | ₹622.35 |
| 2028 | ₹704.37 |
| 2029 | ₹876.17 |
| 2030 | ₹959.45 |
Should You Invest in Zomato Today?
Yes, you can invest in Zomato shares today. To do so, you’ll need to open a Demat and trading account through a registered brokerage like ICICI Direct or Zerodha. Ensure you evaluate your investment goals, as Zomato is more suitable for medium- to long-term investors who believe in the digital economy and food tech sector’s growth.
Is Zomato a Good Long-Term Investment?
Many analysts recommend Zomato for its:
- Market Leadership: Dominates the online food delivery sector, outperforming key competitors like Swiggy in several segments.
- Strong Financials: Zomato achieved a profit of ₹351 crore in FY24, a sharp turnaround from its ₹971 crore loss in FY23, reflecting a 136% year-on-year growth.
- Growth Potential: With plans to launch 1,000 new Blinkit stores by 2025, Zomato is expanding its quick-commerce footprint, potentially driving additional revenue streams.
While Zomato is an attractive pick for the long term, investors should monitor industry dynamics, competition, and the company’s ability to sustain profitability.
Zomato’s 2025 Targets
The company has ambitious plans for 2025, including opening 1,000 Blinkit stores by December. This move highlights its commitment to diversifying its offerings and capitalizing on the growing quick-commerce market.
Is Zomato Still Profitable?
Yes, Zomato is profitable. The company reported a profit of ₹351 crore in FY24, marking a significant turnaround from its losses in FY23. This profitability indicates that Zomato has optimized operations and improved its revenue-generating capabilities.
Can Zomato Be a Multibagger?
According to market analysts, Zomato has the potential to become a multibagger stock in the coming years. As investor Ajay Chopra mentioned, “Zomato could trade at ₹800 in five years,” reflecting its ability to capitalize on the shift toward digital food ordering and delivery.
Key Takeaways
- Strong Financial Turnaround: Profitability in FY24 reflects Zomato’s ability to manage costs and improve revenue.
- Long-Term Growth Drivers: Expansion of Blinkit stores and sustained market leadership position Zomato as a top choice for investors.
- Potential Multibagger: With its growth trajectory, Zomato could deliver significant returns over the next five years.
