“Jignanshu Gor of Bernstein India is bullish on Zomato's near-term profitability and underlying fundamentals, noting that the recent platform fee hike will significantly boost margins and demand remains resilient. He expects the quick commerce segment to turn EBITDA positive in the coming quarters, which should help rebuild investor confidence, suggesting the stock's recent correction is unwarranted. However, Gor highlights the total addressable market (TAM) as a significant long-term concern, potentially posing a greater challenge than competition.”