Zomato Limited, now operating under the corporate name Eternal Limited, is one of India’s largest online food delivery and quick commerce companies. Since its launch in 2008 as a restaurant discovery platform, the company has transformed into a technology-driven ecosystem that connects customers, restaurants, delivery partners, and merchants across India. Through its food delivery business, Blinkit quick commerce platform, and B2B supply chain operations, Zomato has established a strong presence in India’s rapidly growing digital consumption economy.
Investors are increasingly interested in Zomato because of its leadership position in food delivery, expanding quick commerce operations, and ability to benefit from rising internet penetration and changing consumer lifestyles. As more consumers adopt online ordering and instant delivery services, the company’s addressable market continues to expand. Strong revenue growth, improving profitability, and increasing operational efficiency have strengthened investor confidence. With India’s e-commerce and quick commerce industries expected to grow significantly over the coming decade, Zomato remains one of the most closely watched technology stocks for long-term growth investors.
Zomato Share (ETERNAL) Overview
| Particular | Details |
|---|---|
| Company Name | Zomato Limited (Eternal Limited) |
| NSE Symbol | ETERNAL |
| BSE Code | 543320 |
| Industry | Food Delivery & Quick Commerce |
| Market Cap | ₹2.4–2.8 Lakh Crore |
| Founded | 2008 |
| Headquarters | Gurugram, Haryana, India |
| Website | www.eternal.com |
What Does Zomato Do?
Zomato operates a digital platform that connects consumers with restaurants, grocery stores, and delivery partners.
Business Segments
- Food Delivery: The company’s primary business allows customers to order food from restaurants through its mobile application and website.
- Quick Commerce (Blinkit): Blinkit provides grocery, household products, electronics, and daily essentials through ultra-fast delivery services.
- Going Out: Restaurant discovery, dining offers, and table reservations contribute to user engagement and revenue generation.
- Hyperpure: Zomato supplies raw materials and ingredients directly to restaurants through its B2B business.
Revenue Sources
- Food delivery commissions
- Delivery charges
- Advertising revenue
- Blinkit quick commerce sales
- Hyperpure B2B operations
- Restaurant partnerships
Competitive Position
Zomato competes primarily with Swiggy in food delivery and quick commerce. The company enjoys strong brand recognition, a large customer base, and significant network effects.
Zomato Share Price Market Overview
| Metric | Value |
|---|---|
| Current Share Price | ₹270–300 |
| Market Capitalization | ₹2.4–2.8 Lakh Crore |
| P/E Ratio | 250–350 |
| Book Value | ₹25–30 |
| ROE | 3–5% |
| Dividend Yield | Nil |
| 52-Week High | ₹320+ |
| 52-Week Low | ₹146+ |
| Face Value | ₹1 |
| Industry | Food Delivery & Quick Commerce |
Financial Performance
| Financial Year | Revenue | Net Profit | EPS |
|---|---|---|---|
| FY2022 | ₹4,192 Cr | -₹1,222 Cr | -₹1.48 |
| FY2023 | ₹7,079 Cr | -₹971 Cr | -₹1.12 |
| FY2024 | ₹12,114 Cr | ₹351 Cr | ₹0.40 |
| FY2025 | ₹20,000+ Cr | ₹700+ Cr | ₹0.75 |
Debt Position
| Metric | Value |
|---|---|
| Total Debt | Very Low |
| Debt-to-Equity Ratio | Near Zero |
| Interest Coverage Ratio | Strong |
Zomato maintains a healthy balance sheet with minimal financial leverage compared to many growth companies.
Historic Performance
| Period | Approximate Return |
|---|---|
| 1-Year Return | 70%+ |
| 3-Year Return | 180%+ |
| Since Listing | Positive |
| CAGR Performance | Strong Double-Digit Growth |
Major Price-Moving Events
- Acquisition and growth of Blinkit
- Achievement of profitability
- Expansion of quick commerce operations
- Inclusion in major market indices
- Strong quarterly earnings growth
- Increased institutional ownership
Historical Share Price Performance
| Year | Opening Price | Closing Price | Return |
|---|---|---|---|
| 2021 | ₹116 | ₹138 | 19% |
| 2022 | ₹138 | ₹69 | -50% |
| 2023 | ₹69 | ₹124 | 80% |
| 2024 | ₹124 | ₹258 | 108% |
| 2025 | ₹258 | ₹290 | 12% |
Shareholding Pattern
| Shareholder Category | Holding |
|---|---|
| Promoters | 0% |
| FIIs | 50%+ |
| DIIs | 20%+ |
| Public | 28%+ |
| Others | 1% |
Growth Factors
- Industry Growth: India’s online food delivery and quick commerce markets continue to expand rapidly due to urbanization and increasing smartphone usage.
- Expansion Plans: The company is aggressively expanding Blinkit dark stores and delivery infrastructure.
- Capacity Additions: New dark stores and logistics hubs support faster deliveries and larger order volumes.
- New Products:
- Instant electronics delivery
- Pharmacy delivery
- Expanded grocery offerings
- AI-powered customer experience tools
- Government Policies:
- Digital India initiatives
- Growth in digital payments
- Expansion of internet infrastructure
- Future Demand Drivers:
- Urban lifestyle changes
- Rising disposable income
- Higher internet penetration
- Growing preference for convenience services
- Expansion into smaller cities
Risks and Challenges
- Competition: Strong competition from Swiggy and emerging quick commerce players.
- Regulatory Risks: Potential regulations regarding gig workers and platform economics.
- Debt Concerns: Currently low, but aggressive expansion may increase future capital requirements.
- Economic Slowdown: Consumer spending reductions may impact order growth.
- Sector Risks: Quick commerce remains highly competitive and margin-sensitive.
Zomato Share Price Target 2026 To 2050
| Year | Minimum Target | Average Target | Maximum Target |
|---|---|---|---|
| 2026 | ₹201.65 | ₹288.30 | ₹340.74 |
| 2030 | ₹489.23 | ₹593.50 | ₹734.65 |
| 2035 | ₹1,071.30 | ₹1,132.43 | ₹1,388.60 |
| 2040 | ₹1,674.87 | ₹1,707.95 | ₹1,972.21 |
| 2050 | ₹3,256.29 | ₹3,680.54 | ₹4,148.76 |
Also Check:
Zomato Share Price Target 2026
Zomato’s 2026 outlook depends largely on the continued expansion of Blinkit and sustained profitability in food delivery operations. The company is expected to benefit from increasing order volumes, improved operational efficiency, and higher customer retention. As quick commerce becomes a larger contributor to revenue, investors may reward the stock with premium valuations. However, competition and execution risks remain key factors. Assuming healthy revenue growth and stable margins, the stock could trade within the ₹201.65–₹311.74 range during 2026.
Monthly Target 2026
| Month | Estimated Target Price |
|---|---|
| January | ₹201.65 |
| February | ₹213.48 |
| March | ₹225.76 |
| April | ₹238.12 |
| May | ₹245.60 |
| June | ₹256.90 |
| July | ₹263.41 |
| August | ₹275.72 |
| September | ₹286.93 |
| October | ₹295.64 |
| November | ₹323.50 |
| December | ₹344.74 |
Zomato Share Price Target 2030
By 2030, Zomato could evolve into one of India’s largest consumer technology platforms. Growth in food delivery, quick commerce, advertising revenue, and new business verticals could significantly increase earnings. Expansion into tier-2 and tier-3 cities may provide additional growth opportunities. If profitability improves consistently, valuations could remain strong.
Monthly Target 2030
| Month | Estimated Target Price |
|---|---|
| January | ₹489.23 |
| February | ₹497.18 |
| March | ₹516.45 |
| April | ₹532.90 |
| May | ₹527.83 |
| June | ₹543.27 |
| July | ₹589.13 |
| August | ₹634.50 |
| September | ₹667.45 |
| October | ₹695.80 |
| November | ₹723.95 |
| December | ₹734.65 |
Zomato Share Price Target 2035
The 2035 projection assumes Zomato maintains leadership in food delivery while achieving scale advantages in quick commerce. Strong free cash flow generation and expansion into adjacent businesses could support long-term value creation.
Monthly Target Table 2035
| Month | Estimated Target Price |
|---|---|
| January | ₹1,071.30 |
| February | ₹1,093.40 |
| March | ₹1,125.83 |
| April | ₹1,168.76 |
| May | ₹1,189.80 |
| June | ₹1,209.72 |
| July | ₹1,231.45 |
| August | ₹1,264.63 |
| September | ₹1,285.84 |
| October | ₹1,304.50 |
| November | ₹1,347.90 |
| December | ₹1,388.60 |
Zomato Share Price Target 2040
Continued innovation, technological leadership, and expansion across commerce categories could transform Zomato into a dominant consumer platform by 2040.
Monthly Target Table 2040
| Month | Estimated Target Price |
|---|---|
| January | ₹1,674.87 |
| February | ₹1,692.49 |
| March | ₹1,718.67 |
| April | ₹1,744.95 |
| May | ₹1,778.60 |
| June | ₹1,791.75 |
| July | ₹1,817.54 |
| August | ₹1,846.15 |
| September | ₹1,873.22 |
| October | ₹1,898.40 |
| November | ₹1,937.14 |
| December | ₹1,972.21 |
Zomato Share Price Target 2050
The 2050 projection assumes long-term dominance in digital commerce, strong profitability, and continued market expansion. These estimates are highly speculative and depend on future market conditions and business performance.
Monthly Target Table 2050
| Month | Estimated Target Price |
|---|---|
| January | ₹3,256.29 |
| February | ₹3,287.54 |
| March | ₹3,342.60 |
| April | ₹3,396.15 |
| May | ₹3,436.94 |
| June | ₹3,489.17 |
| July | ₹3,541.50 |
| August | ₹3,659.14 |
| September | ₹3,743.70 |
| October | ₹3,851.63 |
| November | ₹3,968.11 |
| December | ₹4,148.76 |
Bull Case
- Strong growth in quick commerce.
- Market leadership in food delivery.
- Improving profitability.
- Large addressable market.
- Strong balance sheet.
- Expansion into new business segments.
Bear Case
- High valuation multiples.
- Intense competition from Swiggy.
- Margin pressure in quick commerce.
- Regulatory risks related to gig workers.
- Slower consumer spending growth.
- Execution challenges during expansion.
Pros and Cons
Pros
- Market leader in food delivery.
- Rapidly growing Blinkit business.
- Strong revenue growth and improving profitability.
Cons
- Expensive valuation.
- Competitive industry environment.
- Dependence on consumer spending trends.
Expert Opinion
Many analysts remain positive on Zomato due to its dominant market position, improving financial performance, and large growth opportunity in quick commerce. While valuation remains a concern for some investors, long-term growth prospects continue to attract institutional interest. Investors should monitor profitability, market share trends, and execution performance before making investment decisions.
Future Outlook
Zomato’s future growth is expected to be driven by food delivery expansion, Blinkit’s scale-up, increasing digital adoption, and rising demand for convenience services. As India’s online commerce ecosystem matures, the company could become one of the largest consumer technology platforms in the country.
Conclusion
Zomato has evolved from a restaurant discovery platform into a diversified consumer technology company with leadership positions in food delivery and quick commerce. Strong growth opportunities, a large addressable market, and improving profitability support its long-term investment case. However, investors should consider valuation risks, competition, and industry challenges before investing.
Disclaimer: The share price targets mentioned above are estimates based on assumptions and market expectations. They are not investment advice. Investors should conduct independent research and consult financial professionals before making investment decisions.
Frequently Asked Questions (FAQs)
What is Zomato Share Price Target for 2026?
The estimated Zomato share price target for 2026 ranges between ₹280 and ₹420.
What is Zomato Share Price Target for 2030?
The estimated target for 2030 ranges between ₹500 and ₹950.
Is Zomato a Good Long-Term Investment?
Zomato offers exposure to India’s growing food delivery and quick commerce markets, making it an attractive long-term growth stock for many investors.
What Are the Risks of Investing in Zomato?
Competition, regulatory changes, valuation concerns, and profitability pressures are some of the major risks.
Can Zomato Reach New All-Time Highs by 2030?
If revenue growth, profitability, and quick commerce expansion continue at a strong pace, Zomato could potentially achieve new all-time highs by 2030.