Zomato Share Price Forecast 2024 to 2030: Market Analysis and Financial Overview

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Zomato Ltd, a leading food delivery and restaurant aggregation service based in India, has become synonymous with online food ordering since its inception in 2008. Initially launched as a platform for restaurant reviews, Zomato has rapidly evolved to encompass a wide range of services, including food delivery, table reservations, and more, giving it a significant presence in the Indian food tech industry. Zomato connects millions of users with a diverse array of restaurants, streamlining the way people order food online. As of October 25, 2024, the Zomato Share Price on NSE stands at 251.95 INR. In this article, we’ll delve deeper into the Zomato share price targets for 2024 through 2030, evaluate the company’s financial performance, explore market competition, and analyze the factors influencing its future growth.

Table of Contents

Zomato Ltd: Market Overview

Open Price: ₹256.00
High Price: ₹257.95
Low Price: ₹246.50
Previous Close: ₹254.30
Volume: 66,829,144
Value (Lacs): ₹169,612.37
VWAP: ₹251.09
UC Limit: 305.15
LC Limit: ₹203.45
P/E ratio: 300.60
Div yield: N/A
52-wk high: ₹298.25
52-wk low: ₹101.25
Mkt cap: ₹2.21LCr
Face Value: ₹1

Zomato Ltd Competitors

The food delivery market in India is highly competitive, with several players vying for market share. Here is a look at five major competitors of Zomato Ltd along with their estimated market capitalizations:

Swiggy
- Market Capitalization: Approximately $10 billion (as of 2023)
Foodpanda (owned by Delivery Hero)
- Market Capitalization: Part of Delivery Hero, which has a market cap of around $4.5 billion (as of 2023)
Dunzo
- Market Capitalization: Approximately $775 million (as of 2023)
Uber Eats
- Market Capitalization: Part of Uber Technologies, which has a market cap of around $56 billion (as of 2023)
Grab
- Market Capitalization: Approximately $12 billion (as of 2023)

Zomato Share Price Chart

Zomato Share Price Target: 2024 to 2030

Zomato Share Price Target Years	Price Target (INR)
2024	₹325
2025	₹450
2026	₹534
2027	₹627
2028	₹709
2029	₹872
2030	₹955

Zomato Share Price Target 2024

The expected Zomato share price target for 2024 is ₹325. Several key factors will influence the performance of Zomato’s share price in 2024:

1. Expansion of Services: Zomato’s growth is closely tied to its ability to diversify and expand service offerings, including grocery delivery, cloud kitchens, and other value-added services. Catering to varied customer needs is paramount for attracting a broader audience.
2. Partnerships and Collaborations: Building strategic partnerships with restaurants, brands, and delivery services will enhance Zomato’s operational strength. Exclusive promotions and deals through collaboration can drive user acquisition, retention, and overall market presence.
3. Market Competition: The competitive cycling in the food delivery sector with major players like Swiggy and Uber Eats continues to heighten market expectations. Zomato’s agility in adapting to trends, enhancing customer experience, and managing competitive pricing will be crucial for its success and stock performance in the coming year.

Zomato Share Price Target 2025

For 2025, the Zomato share price target is anticipated to reach ₹450. Here are the primary factors likely to influence this target:

1. Technological Advancements: The embrace of artificial intelligence (AI) and machine learning can enhance operational efficiencies, leading to optimized customer engagement strategies and improved personalization. Investments in advanced data analytics can help Zomato understand consumer behavior better.
2. Sustainability Initiatives: As consumers increasingly emphasize sustainability, Zomato’s commitment to eco-friendly practices (reduced packaging waste, partnering with sustainable brands) could significantly enhance its value proposition, attracting environmentally conscious customers.
3. International Expansion: Growth opportunities in new markets will be vital for Zomato. Successfully entering international territories can diversify revenue and build resilience against market fluctuations domestically.

Zomato Share Price Target 2030

Looking ahead to 2030, the expected share price target for Zomato is ₹955. However, certain risks and challenges may impact this projection:

1. Intense Competition: Market saturation with numerous competitors can drive down prices and profits. Zomato needs to maintain its unique value proposition to avoid losing customers in a price-sensitive market.
2. Regulatory Changes: Navigating complex food safety regulations and labor laws in multiple regions can pose challenges. Non-compliance or unfavorable legislative changes may increase operational costs and hinder profitability.
3. Economic Conditions: Broader economic uncertainties or shifts in consumer spending habits can influence Zomato’s revenue flow. A downturn may prompt consumers to prioritize essential spending, affecting overall order volume.