Zomato market cap nears $30 billion as Blinkit, Hyperpure deliver stellar growth

The market capitalisation of food delivery major Zomato has touched $28 billion, a day after the company delivered better-than-expected results for the April-June quarter. Shares of Zomato rallied as much as 19% to touch a record high of Rs 278.45 on BSE. The shares have gained 113% so far this year, making it the top gainer on the Nifty 100.

Zomato on Thursday reported a multifold jump in consolidated net profit to Rs 253 crore for the April-June quarter of 2024-25 compared to Rs 2 crore in the year-ago period.