Buy Zomato, target price Rs 160: ICICI Securities

ICICI Securities has buy call on Zomato with a target price of Rs 160. The current market price of Zomato Ltd. is Rs 111.15.

Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 95180.92 Crore) operating in Services sector.

Zomato Ltd. key Products/Revenue Segments include Service Revenue, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 2597.00 Crore, up 16.64 % from last quarter Total Income of Rs 2226.50 Crore and up 64.16 % from last year same quarter Total Income of Rs 1582.00 Crore. Company reported net profit after tax of Rs 2.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 56.74 per cent, DIIs 7.36 per cent.