ETERNAL

Zomato continues to strengthen its market position with steady growth in food delivery and hyperpure (B2B supplies). The company turned EBITDA positive in FY25, a major milestone for investors. Blinkit’s rapid expansion in quick commerce adds to long-term growth potential, though losses in this segment remain a concern. Rising competition from Swiggy and Zepto could cap margins, but Zomato’s scale advantage is evident. At ~80x FY26 EPS, valuations look expensive but growth justifies the premium. Aggressive investors can hold, while conservative investors should wait for corrections.