BUZZ-India's Zomato to benefit more from quick commerce vs rival Swiggy, Bernstein says

Zomato ZOMT.NS and Swiggy SWIG.NS shares rise 0.8% and 0.5%, respectively

Bernstein maintains "outperform" on ZOMT and SWIG, keeps PT of 315 rupees and 635 rupees each, 29% and 30% over last close

Brokerage expects cos' strong performance across food delivery, quick commerce to drive growth in CY25; QC is its preferred sector as gains share against e-commerce and retail

However, ZOMT's rev to grow ~50% Y/Y in FY26 vs SWIG's 40% - Bernstein

Expects ZOMT to see further profitability in food delivery and rev growth due to QC; ZOMT has been profitable since Q1FY24

SWIG has 30% share in QC segment vs ZOMT's 46%

Anticipates QC expansion in CY25 beyond groceries and in tier-2 cities for both cos

SWIG well-positioned in QC (behind ZOMT) and will continue to benefit from multiple growth drivers - Bernstein

SWIG, which listed mid-Nov, has gained ~16% since IPO, ZOMT shed 4% in same period

(Reporting by Ashna Teresa Britto in Bengaluru)

((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))