The Zomato/Eternal Mindset: Part 3 – The Delivery Boy Outshines the Big Guns!
Two years ago, I wrote about “The Zomato Mindset,” where we scratched our heads over Zomato’s relentless focus on growth over profits, wondering if their optimism was a recipe for success or a risky bet. Back then, we chuckled at their ambitious Adjusted EBITDA targets and raised eyebrows at Blinkit’s strikes and Zomato Gold’s tiny subscriber base. Fast forward to Q1 FY26, and guess what? The delivery boy is now valued more than some manufacturing giants and legacy Nifty heavyweights! Let’s unpack how Zomato (ahem, Eternal in our little fictional universe) is defying gravity, soaring past companies with fatter profits, and what this says about today’s wild stock market. Zomato’s Businesses: Still Zooming, Still Hungry Zomato’s playbook hasn’t changed much since 2023—it’s all about growth, baby! The company’s three main engines—Food Delivery, Blinkit, and Hyperpure—are still racing forward, each with its own flavor of chaos and promise. Food Delivery : This is Zomato’s bread and butt...