“Zomato’s target of reaching a double-digit contribution margin in the long term hinges on a rise in commissions from restaurants (we expect it to rise from 15 per cent in FY22 to nearly 17.5 per cent in FY31F) and charging higher customer delivery fees (we believe this would be difficult, and expect it to remain steady at 6 per cent),” it said.
Buy on Dips: Rahul Sharma sees favorable risk-reward for long positions
Rahul Sharma from JM Financial Services suggests buying on dips as Nifty is poised for 24,000 and the risk-reward is favorable at 23,200-23,300. He also
April 3, 2025