'I am not sure why just these small number of mushroom packets worth Rs 7,200 (out of the crores of inventory in the warehouse), which were never going to make it to customers, are being talked about the media,' Zomato CEO Deepinder Goyal said.
All these shortcomings were noticed despite the Food Business Operator (FBO) having its license, medical fitness certificates for food handlers, and pest control records, the reports added
Zomato’s Q2FY25 revenue surged to Rs 4,800 crore, driven by Blinkit, Hyperpure, and Going Out, with brokerages forecasting a strong upside for the stock.
Zomato’s path to profitability could be quicker than anticipated with improving contribution margins, according to Nuvama. Brokerages see up to 26 percent upside in the stock from the previous close.
The brokerage, which has a buy call on Zomato, said that this looks like an unrelated acquisition on the face of it
Analysts see the food delivery firm’s gross order value growing at 19% CAGR over FY23-26 even as its Blinkit and Hyperpure businesses show promise