Indian stock news
On June 5, 2026, Zomato Limited announced its Q4 FY26 financial results, reporting its first full year of consolidated net profitability with a quarterly profit of ₹480 crore. The company also unveiled "Zomato Hyperlocal," a new AI--integrated logistics vertical designed to provide 15--minute delivery for non--food retail categories. This expansion into the broader quick--commerce ecosystem is expected to increase the company's Total Addressable Market (TAM) by 40%. Following the announcement, several brokerage firms upgraded the stock to a "Strong Buy," citing improved unit economics and successful diversification.