Zomato's Ambitious Goal: Rs 10,000 Crore Profit by 2028

Zomato CEO Deepinder Goyal has set an audacious target of Rs 10,000 crore profit within the next three years, as revealed to Zee Business. This bold projection comes after the food delivery giant reported its first-ever quarterly net profit of Rs 2 crore in Q1 FY24. The company's shares have surged, hitting a 52-week high of Rs 102.85 following the announcement. However, recent Q2 FY25 results showed a dip in net profit, missing analyst estimates despite continued top-line growth. As Zomato aggressively expands its offerings, including live concerts, investors are closely watching the company's trajectory towards this ambitious profit goal.

 

Sources: Zee Business, BizzBuzz News, NDTV Profit