Zomato Share Price Target 2026: Growth Outlook & Key Drivers

Zomato Ltd, which recently rebranded to Eternal Ltd (NSE: ETERNAL), has come a long way from its loss-making startup days. Now profitable and expanding beyond food delivery, the company’s focus on Blinkit and improved unit economics has made the Zomato share price one of the most discussed on Dalal Street. Investors are watching closely to see how far the stock can go as India’s appetite for quick commerce and digital convenience keeps growing.

NSE: ETERNAL Live chart

Zomato Share Price Target 2026: What Could Drive the Next Leg of Growth

As we move into 2026, Zomato’s outlook remains promising, backed by steady revenue growth and improving margins. The company’s latest financials show revenue of about ₹3,870 crore, an 18% year-on-year rise, with net profit climbing to ₹45 crore, which is a clear sign of operational maturity. Blinkit remains the biggest growth engine, now contributing close to 30% of total revenue.

Brokerages such as Motilal Oswal and Kotak Securities project the Zomato share price target 2026 in the range of ₹260 to ₹300 citing stronger order volumes, higher repeat customers, and expanding quick-commerce coverage. The main focus will be on how efficiently Zomato can balance Blinkit’s rapid expansion with sustainable profitability.

If consumer spending stays firm and execution remains sharp, Zomato’s performance in 2026 could exceed current market expectations, positioning it as one of India’s strongest digital growth stories.

Zomato Share Price Target 2030: Growth Through Scale and Penetration

Looking toward 2030, Zomato’s growth story may evolve into something much bigger than food delivery. The company aims to integrate dining, grocery, and logistics into a single ecosytem; giving it a stronger grip on India’s consumption economy.

Industry analysts expect Zomato’s revenue to grow at an annual rate of 18-20%, with Blinkit likely hitting breakeven by FY26. If this plays out, the Zomato share price target 2030 could reach ₹400–₹500, assuming steady expansion across tier-II and tier-III cities.

Zomato’s main competitor, Swiggy, remains privately held, but it expected to list soon. This could intensify competition in food delivery, though Zomato’s brand recognition and scale give it first-mover advantage.

Zomato Share Price Target 2040: Long-Term Value and Industry Leadership

In the long-run, Zomato could emerge as one of India’s largest digital consumer platforms. If growth in delivery, grocery, and logistics continues, the Zomato share price target 2040 could range between ₹1,200 and ₹1,600.

That said, the next 15 years will test whether Zomato can stay innovative. A slowdown in discretionary spending, tougher competition, or regulatory pressure could limit upside. Long-term investors should expect steady gains, not overnight rallies.

Zomato’s Financial Strength and Historical Performance

Zomato’s shift to profitability is its biggest milestone yet. The company’s gross order value crossed ₹8,000 crore this year, with average order value up 6%. Net profit has stayed positive for three consecutive quarters, showing that cost discipline and better pricing are working.

It also holds more than ₹12,000 crore in cash reserves, which provides a strong cushion for expansion, acquisitions, or weathering market volatility. Blinkit’s improved efficiency has helped reduce delivery losses sharply, positioning it as Zomato’s next major revenue pillar.

Why Is Zomato Share Price So Volatile?

Despite the strong financials, Zomato share price today often swings sharply. Part of this volatility comes from global tech stock rotations, and profit-taking after the stock’s strong run from ₹50 to above ₹180.

Short-term dips shouldn’t be mistaken for weakness. For long-term investors, these pullbacks often provide buying opportunities, especially as the company continues to show consistent earnings growth.

What Do Experts Say About Zomato’s Outlook?

Most brokerages remain positive.

• Motilal Oswal values the stock at ₹260, pointing to Blinkit’s improving margins.
• ICICI Securities expects earnings per share to grow 25% annually through FY27.
• Morgan Stanley believes free cash flow could turn sustainably positive by 2026.

Together, these forecasts suggest that Zomato is on track for stable long-term value creation, provided growth and profitability move in sync.

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