As of March 2026, Zomato Limited (recently rebranded as Eternal Limited in corporate filings) has transformed from a simple food delivery app into a diversified consumption powerhouse. For investors tracking the Zomato share price, the narrative has shifted from "when will it be profitable?" to "how fast can Blinkit scale?"
Current Market Standing (March 2026)
On March 6, 2026, the Zomato share price is trading around the ₹235 – ₹245 range. While the stock has seen a correction from its 52-week high of ₹368.45, it remains one of the most actively traded large-cap stocks in the e-commerce sector. With a market capitalization exceeding ₹2.27 lakh crore, Zomato continues to command a premium valuation due to its dominant position in the Indian "instant gratification" economy.
Q3 FY2026: A Landmark Quarter
The recent movement in the Zomato share price is heavily influenced by the company's stellar Q3 FY2026 performance. Key highlights include:
- Net Profit Surge: The company reported a consolidated net profit of ₹102 crore, a 73% increase year-on-year.
- Blinkit Breakeven: For the first time, Blinkit (Zomato’s quick commerce arm) achieved Adjusted EBITDA breakeven, proving that the 10-minute delivery model can indeed be sustainable.
- Revenue Explosion: Revenue from operations surged by over 200% YoY to ₹16,315 crore, largely due to a shift toward an inventory-led model in quick commerce.
Why Analysts are Watching Blinkit
Blinkit has officially become the primary growth engine for the company. In 2026, quick commerce is expected to account for nearly 70% of the company's total revenue. With over 2,000 dark stores already operational and a target of 3,000 by March 2027, Zomato is aggressively capturing market share from traditional retail and larger e-commerce players.
Factors Influencing the Share Price in 2026
- Leadership Transition: The market is currently absorbing the transition of Deepinder Goyal to Vice Chairman, with Albinder Dhindsa (Blinkit CEO) taking the helm as the new Group CEO.
- The "Going-Out" Segment: Zomato is heavily investing in its "District" app for live events and dining, which is currently in an investment phase but holds massive long-term potential.
- Competitive Intensity: While Zomato leads with a ~45% market share in quick commerce, rising competition from Swiggy and Zepto continues to keep margins under the microscope.
Conclusion
The Zomato share price in 2026 reflects a business that has successfully crossed the "valley of death" and entered a phase of scalable profitability. While the stock trades at a high P/E ratio, the triple-digit revenue growth in quick commerce provides a strong cushion for long-term investors.
Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Please consult with a certified professional before making any investment decisions.
