Zomato Limited, founded in 2010, is a prominent online Food Service platform known for its significant food sales. The company provides a range of services, including food delivery, dining-out options, loyalty programs, and more.
By the end of December 31, 2020, Zomato had expanded its presence to 23 countries, with an impressive network of 131,233 active food delivery restaurants and 161,637 active delivery partners. Furthermore, the platform boasted an average monthly customer base of 10.7 million, indicating its popularity and widespread usage.
This article aims to explore the share price target of Zomato from 2023 to 2030, as well as analyze the viability of Zomato as a promising stock to consider for investment.
LATEST NEWS ABOUT ZOMATO
- Zomato’s stock price experiences a significant drop below the second support level, currently trading at 79.5 Rs.
- NMDC, Zomato, GMDC, USL, PVR-INOX are among the top picks recommended by analysts.
- Zomato’s dividend yield is reported to be zero, and the company has not made any dividend payments.
HOW TO BUY ZOMATO SHARES?
You can buy Zomato shares from the following trading platforms:
- Zerodha
- Upstox
- Groww
- AngleOne
- ICICIDirect
SHARE PRICE PREDICTION OF ZOMATO: 2023 TO 2030
SHARE PRICE TARGET 2023 OF ZOMATO
| When | Maximum Price | Minimum Price |
| July 2023 | ₹86.68 | ₹78.80 |
| August 2023 | ₹88.41 | ₹80.37 |
| September 2023 | ₹90.44 | ₹82.22 |
| October 2023 | ₹87.81 | ₹79.83 |
| November 2023 | ₹89.57 | ₹81.42 |
| December 2023 | ₹92.25 | ₹83.87 |
Zomato’s share price target for 2023 is highly anticipated, considering its remarkable growth and market presence. With a market cap of ₹70,821 Cr, Zomato has established itself as a key player in the online food service industry. In July 2023, the maximum price target is ₹86.68, while the minimum price target is ₹78.80. This indicates a potential growth range of around 10%. Moving into August, the share price target increases further, with a maximum of ₹88.41 and a minimum of ₹80.37.
As the year progresses, the share price targets continue to climb. In September 2023, the maximum price target reaches ₹90.44, with a minimum of ₹82.22. Similarly, in October and November, the share prices are projected to range between ₹87.81-₹89.57 and ₹79.83-₹81.42, respectively.
Despite this minor setback, the overall growth for these months was still notable, with a growth percentage of around 10%. Ending the year on a positive note, in December 2023, Zomato’s share price experienced an upward trend, reaching a high of ₹92.25 and a low of ₹83.87, resulting in a growth percentage of approximately 10%. The consistent growth in Zomato’s share price throughout 2023 demonstrates the company’s resilience and potential in the market.
SHARE PRICE TARGET 2024 OF ZOMATO
| When | Maximum Price | Minimum Price |
| January 2024 | ₹97.11 | ₹84.44 |
| February 2024 | ₹105.55 | ₹91.79 |
| March 2024 | ₹106.62 | ₹92.71 |
| April 2024 | ₹96.93 | ₹84.28 |
| May 2024 | ₹80.77 | ₹70.24 |
| June 2024 | ₹96.93 | ₹84.28 |
| July 2024 | ₹82.39 | ₹71.64 |
| August 2024 | ₹90.63 | ₹78.81 |
| September 2024 | ₹95.16 | ₹82.75 |
| October 2024 | ₹111.95 | ₹97.35 |
| November 2024 | ₹117.55 | ₹102.22 |
| December 2024 | ₹119.90 | ₹104.26 |
Zomato’s share price target in 2024 showcases a combination of volatility and growth opportunities.Starting in January, the share price ranged from ₹84.44 at its lowest to ₹97.11 at its highest, showcasing a growth percentage of approximately 15%. The positive momentum continued into February, with the highest share price reaching ₹105.55 and the lowest at ₹91.79, indicating a growth percentage of around 17%. In March, Zomato’s share price maintained its upward trajectory, fluctuating between ₹92.71 and ₹106.62, resulting in a growth percentage of approximately 15%.
However, in April and May 2024, there was a dip in the share price, with the highest recorded prices being ₹96.93 and ₹80.77, respectively, and the corresponding lowest prices at ₹84.28 and ₹70.24. Despite this brief decline, Zomato’s share price rebounded in June, reaching the same highest and lowest prices as in April, with a growth percentage of around 15%.
Moving forward, in July 2024, the share price fluctuated between ₹71.64 and ₹82.39, reflecting a growth percentage of approximately 15%. August 2024 showed further improvement, with the highest share price recorded at ₹90.63 and the lowest at ₹78.81, indicating a growth percentage of around 15%. September 2024 saw continued growth, with the share price ranging from ₹82.75 to ₹95.16, showcasing a growth percentage of approximately 15%.
October and November 2024 displayed substantial growth in Zomato’s share price, with the highest recorded prices being ₹111.95 and ₹117.55, respectively, and the corresponding lowest prices at ₹97.35 and ₹102.22. This represented a growth percentage of around 20%. Ending the year on a positive note, in December 2024, the share price reached its peak at ₹119.90 and the lowest at ₹104.26, indicating a growth percentage of approximately 15%.
The share price target for Zomato in 2024 reflects an approximate growth percentage of 42.02%. This substantial growth percentage signifies the significant potential for investors to capitalize on the company’s stock performance. With the mix of fluctuations and upward trajectory, Zomato presents an opportunity for investors to benefit from the positive market outlook surrounding the company.
SHARE PRICE TARGET 2025 OF ZOMATO
| When | Maximum Price | Minimum Price |
| January 2025 | ₹122.30 | ₹94.07 |
| February 2025 | ₹128.73 | ₹99.03 |
| March 2025 | ₹135.17 | ₹103.98 |
| April 2025 | ₹120.69 | ₹92.84 |
| May 2025 | ₹109.72 | ₹84.40 |
| June 2025 | ₹120.69 | ₹92.84 |
| July 2025 | ₹114.94 | ₹88.42 |
| August 2025 | ₹119.73 | ₹92.10 |
| September 2025 | ₹125.72 | ₹96.70 |
| October 2025 | ₹133.26 | ₹102.51 |
| November 2025 | ₹142.59 | ₹109.68 |
| December 2025 | ₹145.44 | ₹111.88 |
Starting in January, the share price ranged from ₹94.07 at its lowest to ₹122.30 at its highest, representing a growth percentage of approximately 30%. The positive momentum persisted into February, with the highest share price reaching ₹128.73 and the lowest at ₹99.03, indicating a growth percentage of around 30%. In March, Zomato’s share price continued to climb, fluctuating between ₹103.98 and ₹135.17, resulting in a growth percentage of approximately 30%.
However, in April and May 2025, there was a dip in the share price, with the highest recorded prices being ₹120.69 and ₹109.72, respectively, and the corresponding lowest prices at ₹92.84 and ₹84.40. Despite this temporary decline, Zomato’s share price rebounded in June, reaching the same highest and lowest prices as in April, with a growth percentage of around 30%.
Moving forward, in July 2025, the share price fluctuated between ₹88.42 and ₹114.94, reflecting a growth percentage of approximately 30%. August 2025 showed further improvement, with the highest share price recorded at ₹119.73 and the lowest at ₹92.10, indicating a growth percentage of around 30%. September 2025 saw continued growth, with the share price ranging from ₹96.70 to ₹125.72, showcasing a growth percentage of approximately 30%.
In October and November 2025, Zomato’s share price experienced substantial growth, with the highest recorded prices being ₹133.26 and ₹142.59, respectively, and the corresponding lowest prices at ₹102.51 and ₹109.68. This represented a growth percentage of around 30%. Ending the year on a positive note, in December 2025, the share price reached its peak at ₹145.44 and the lowest at ₹111.88, indicating a growth percentage of approximately 30%.
The approximate average growth percentage for Zomato Ltd in 2025 is around 54.68%. This suggests a significant growth potential for the company’s shares over the course of the year.
ZOMATO SHARE PRICE PREDICTION 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹101.81 | ₹71.27 |
| 2027 | ₹86.54 | ₹60.58 |
| 2028 | ₹155.77 | ₹109.04 |
| 2029 | ₹319.97 | ₹223.98 |
| 2030 | ₹356.33 | ₹249.43 |
In 2026, the maximum share price target for Zomato is ₹101.81, while the minimum target is ₹71.27. This suggests potential growth opportunities for investors during that year.
Moving to 2027, the share prices experience a slight decline, with a maximum target of ₹86.54 and a minimum of ₹60.58. Although there is a decrease compared to the previous year, there is still room for potential growth.
In 2028, the share prices demonstrate a substantial increase, with a maximum target of ₹155.77 and a minimum of ₹109.04. This indicates significant growth potential and suggests that investors could benefit from the company’s performance during that year.
Continuing to 2029, the share prices show a remarkable surge, reaching a maximum target of ₹319.97 and a minimum of ₹223.98. This substantial increase indicates a highly favorable market outlook and substantial growth potential.
By 2030, Zomato’s share prices continue their upward trajectory, with a maximum target of ₹356.33 and a minimum of ₹249.43. This suggests continued growth and an optimistic market sentiment surrounding the company.
FINANCIAL CONDITION OF ZOMATO :LAST 5 YEARS
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
| Sales | 1,313 | 2,605 | 1,994 | 4,192 | 7,079 |
| Expenses | 3,556 | 4,909 | 2,461 | 6,043 | 8,290 |
| Operating Profit | -2,243 | -2,305 | -467 | -1,851 | -1,210 |
| OPM % | -171% | -88% | -23% | -44% | -17% |
| Other Income | 1,285 | 16 | -200 | 793 | 681 |
| Interest | 9 | 13 | 10 | 12 | 49 |
| Depreciation | 43 | 84 | 138 | 150 | 437 |
| Profit before tax | -1,010 | -2,386 | -815 | -1,220 | -1,015 |
| Tax % | 0% | 0% | 0% | 0% | 4% |
| Net Profit | -1,010 | -2,386 | -816 | -1,222 | -971 |
| EPS in Rs | -28,574.18 | -70,096.54 | -23,123.76 | -1.54 | -1.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
The sales figures show a steady growth from March 2019 to March 2023, increasing from 1,313 to 7,079.However,The net profit figures indicate the final profitability after considering taxes. The company has been incurring losses, but the losses have decreased over the years.
The earnings per share (EPS) figure is negative in all years except March 2022 and March 2023. The negative values indicate losses per share, with the losses reducing in recent years. The company has not paid any dividends during the specified period, as the dividend payout percentage is 0%.
FAQS
How Has Zomato’s Financial Performance Been In Recent Years?
Zomato’s financial performance has shown fluctuations. While the company experienced losses in previous years, it has also shown significant growth in terms of sales and expanding its market reach.
What Is The Expected Share Price Target Of Zomato For 2024?
Zomato’s share price in 2024 will likely fall within the range of ₹₹104.26 (minimum) and ₹ ₹119.90 (maximum)
What Is The Expected Share Price Target Of Zomato For 2025?
Zomato share might reach around ₹145 by the end of 2025.
What Is The Expected Share Price Target Of Zomato For 2030?
Zomato share might reach around ₹356 by the end of 2030.
Is Zomato Planning To Pay Dividends To Its Shareholders?
According to the data, Zomato has not paid any dividends to its shareholders in the years mentioned. However, dividend payouts can be subject to the company’s financial performance and management decisions.
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CONCLUSION
Based on the information provided regarding Zomato’s share price performance in 2023, 2024, and 2025, it is evident that the company has experienced significant growth in its share price over these years. Zomato’s share price consistently displayed upward trends, with fluctuations observed during certain months. The growth percentages ranged from approximately 10% to 30% during different periods, showcasing the company’s resilience and potential in the market.
For investors, Zomato’s performance in these years suggests that it has been a lucrative investment opportunity. The consistent growth in share price demonstrates the company’s ability to capitalize on its business model and adapt to market demands. As a leading player in the food delivery and dining industry, Zomato’s expansion and increasing popularity have contributed to its positive trajectory.
In conclusion, Zomato has shown strong growth potential in recent years, making it an attractive investment option for those seeking exposure to the food delivery and restaurant industry. As with any investment, careful consideration and risk management are essential for long-term success.
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