The Zomato Effect: Food Delivery Giant Sees 100% Growth in Brand Value, Hits $3.5 Billion

Zomato has once again come under spotlight, not for its stock price or quick commerce game, but for its impressive brand value this time. The online food delivery giant has seen its brand value double, reaching a whopping $3.5 billion.

According to the 'Kantar BrandZ Most Valuable Indian Brands' report, Zomato is the fastest riser, boasting a 100 per cent year-on-year growth in brand value "due to relentless innovation and expansion into quick commerce."

In the past year, Zomato has been on an impressive run, going from reporting profits last year to now becoming a multibagger stock on the bourses. On year-to-date basis, the shares of Zomato have delivered a multibagger return of more than 124 per cent on the National Stock Exchange.

TCS tops the list, HDFC and Airtel follows

The IT giant has once again claimed the top spot as the nation’s most valuable brand. Tata Consultancy Services' brand value now stands at over $49 billion. This marks the third consecutive year for the company at number one position. Following closely behind was HDFC Bank in second place, valued at $38.3 billion and Airtel in third with a brand value of $29.9 billion.

Meanwhile, the list also witnessed some new names this year like the jewelry retail brand CaratLane, which is at number 45 with a brand value of $2.7 billion. Punjab National Bank was also among the new entrants in the list and stood at number 59 with a brand value of $2 billion.

Automobile dominates the list

Sector-wise, the automobile space came out on top with several companies posting strong growth figures. Maruti Suzuki, ranked 17th, witnessed a 24 per cent increase in brand value. Bajaj Auto follows at 20th place, surging with 94 per cent growth. Mahindra, at 30th, saw a 78 per cent increase, whereas TVS reported a 71 per cent growth.