Zomato Shares Jump 6% on CEO Change, Strong Q3 Results; Brokerages Bullish

• Zomato shares surged over 6% to ₹301.65 after strong Q3 FY26 results and a key leadership change.
• Blinkit founder Albinder Dhindsa took over as CEO, replacing Deepinder Goyal, a move welcomed by investors.
• Blinkit, Zomato's quick commerce arm, achieved its first-ever adjusted EBITDA profit of ₹4 crore, marking a 'turning point'.
• Zomato's consolidated net profit rose 73% year-on-year to ₹102 crore, with total revenue at ₹16,315 crore.
• Brokerages like CLSA, Jefferies, and Nomura maintain 'Buy' ratings, with CLSA setting a target price of ₹503, citing Blinkit's growth.

Why It Matters: Zomato's stock soared due to Blinkit's profitability and a strategic CEO change, leading to bullish brokerage targets.