External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Strong GOV growth: Zomato’s B2C business gross order value (GOV) growth of 14% QoQ and 57% YoY, reaching Rs 20,206 in Q3FY25 primarily led by Quick commerce GOV up 120% YoY (27% QoQ), Food delivery GOV was up, 17% YoY (2% QoQ) vs. expectation of +20% YoY on account of weak consumer sentiment.</li><li>Blinkit witnessing competitive intensity: Blinkit reported losses of Rs 103 Cr vs earlier expectation of near-term breakeven because of ramping up store expansion due to increased Q-commerce competition.</li><li>Blinkit added 368 stores in the last two quarters (152/216 stores in Q2/Q3), accounting for 37% of the total store network of 1,007 stores.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Strong GOV growth: Zomato’s B2C business gross order value (GOV) growth of 14% QoQ and 57% YoY, reaching Rs 20,206 in Q3FY25 primarily led by Quick commerce GOV up 120% YoY (27% QoQ), Food delivery GOV was up, 17% YoY (2% QoQ) vs. expectation of +20% YoY on account of weak consumer sentiment.Blinkit witnessing competitive intensity: Blinkit reported losses of Rs 103 Cr vs earlier expectation of near-term breakeven because of ramping up store expansion due to increased Q-commerce competition.Blinkit added 368 stores in the last two quarters (152/216 stores in Q2/Q3), accounting for 37% of the total store network of 1,007 stores.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Zomato Ltd - Heightened Competition Will Impact Profitability in the Near Term

Eternal

Zomato Ltd - Heightened Competition Will Impact Profitability in the Near Term