“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.
Worries build up over RBI strictures on infra financing
The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance sheets of these entities and exert