UnfoldStories, Memari (2025)

04/08/2023

Zomato experienced a remarkable surge in its stock value, soaring more than 14 percent during Friday morning's trading session. The surge came in response to the company's announcement of achieving profitability for the first time since its listing in 2021. The online food ordering and delivery platform's shares witnessed an impressive increase, reaching an intraday high of Rs 98.39 on the BSE, a notable jump from its previous closing price of Rs 86.22. By 10 am, the share price had risen by 10.30 percent, reaching Rs 95.10.
In a filing with the exchanges on Thursday, Zomato reported a consolidated net profit of Rs 2 crore for the quarter spanning in 2nd quarter 2023 . This marked a significant turnaround from the net loss of Rs 186 crore incurred during the same period the previous year. Notably, the preceding quarter had also witnessed a net loss of Rs 189 crore. Zomato's encouraging financial performance for the April-June quarter underscored its successful journey towards profitability.
The surge in revenue from operations further bolstered the company's positive outlook. During this quarter, the company's revenue soared by an impressive 70.9 percent year-on-year, reaching Rs 2,416 crore, compared to Rs 1,414 crore in Q1FY23. This substantial increase in revenue demonstrated the company's strong growth trajectory and market appeal.
Zomato's subsidiary, Blinkit, also contributed to the positive performance, playing a significant role in the company's success. For the first time in June 2023, Blinkit achieved profitability, marking a significant milestone for the grocery delivery platform.
Zomato's CEO and MD, Deepinder Goyal, expressed his satisfaction with the company's progress and attributed the success to streamlining business operations and placing the right individuals in key positions. He noted that some of the seemingly risky strategic decisions taken by the company had paid off significantly and rapidly, contributing to the impressive turnaround.

04/08/2023

Senior Director Personal Systems at HP India,Vickram Bedi, emphasizes the importance of understanding customers' needs rather than force fitting products. He believes in offering choices to consumers, recognizing that each product serves a different purpose, irrespective of its price. Bedi highlights the significance of starting with the product and understanding what customers want to achieve and build for their businesses, cultures, and market caps.

HP's recent product, the Dragonfly G4 laptop, is a modern commercial notebook aimed at the young 'aspirational' consumers who are reshaping the premium commercial laptop market. Bedi mentions that the focus of premium devices has shifted from merely perceived value to delivering a great experience. The demand for luxury products is growing, and consumers are willing to pay more for premium laptops.

The commercial PC space is witnessing significant changes, with a strong emphasis on personalization and selling devices as services. HP bundles accessories, software, and services together, offering them as a device as a service to cater to customers' comprehensive needs.

Furthermore, Bedi and his team collaborate with HP's commercial customers to explore different models, including subscription based offers, to reduce the cost of devices. This approach aligns with the evolving demands of the market and ensures that HP continues to provide value and innovative solutions for its customers.

04/08/2023

Apple reported in its Q3 results compared to the previous year one percent decline, despite reaching an all time high in active devices across all geographic segments. Notably, the company achieved an all time record in India in terms of revenues, showing strong double-digit growth with the launch of its first two retail stores in Mumbai and New Delhi.

Apple CEO Tim Cook expressed optimism about the Indian market, acknowledging the opportunity to further expand in the second largest smartphone market globally. He emphasized their commitment to enhancing the channel and direct to consumer (D2C) offers to capitalize on this potential.

Services also saw a significant boost, with an all time revenue record during the quarter, driven by over 1 billion paid subscriptions. The emerging markets showed continued strength, particularly in iPhone sales, setting total revenue records in various countries.

Apple's revenue from wearables, home, and accessories increased by two percent, offsetting declines in iPhone, Mac, and iPad revenues. The Services division performed exceptionally well, with revenue reaching 21.2 billion droller , an increase 8 % (eight percent) year over year.

Apple's CFO, Luca Maestri, highlighted a remarkable milestone, surpassing one billion paid subscriptions across their services, making Apple the largest subscription company globally. Additionally, the company remains committed to sustainability, partnering with global nonprofit Acumen to promote clean energy innovation in India and aiming to achieve carbon neutrality throughout its supply chain and product life cycle by 2030.

Overall, Apple's Q3 results showcased both challenges and opportunities, with a focus on expanding its presence in India and capitalizing on the growing Services in this segment.

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