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CLSA raises Zomato target price to Rs 227 after 3Q results show path to stable profitability

In the December quarter, Zomato s food delivery margin rose despite an increase in the active restaurant base and a weak demand environment while quick commerce saw a better contribution margin, despite an accelerated increase in dark stores.

Zomato sees an opportunity in catering business, Retail News, ET Retail

Zomato: The company is also looking to add more offerings to its loyalty programme, Gold, despite concerns about the potential impact on profitability, Rakesh Ranjan, chief executive for food delivery, said in an interview.

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