India's Zomato posts Q3 profit slump on stiff competition, store ramp-ups
By Ananta Agarwal and Ashna Teresa Britto (Reuters) -Indian food delivery major Zomato's third-quarter profit more than halved on Monday, as rising competition in the quick commerce space and increased spending on opening more fulfilment centres for its Blinkit platform weighed on margins.
Zomato's Q3 results: Net profit plunges 57%, revenue up 64%
However, revenue from operations witnessed a significant growth of 64%. The company's revenue jumped to ₹5,405 crore from ₹3,288 crore in Q3 FY24. Sequentially, this marks a 13% growth over the ₹4,799 crore reported in Q2 FY25.
Zomato Q3 net profit falls 57% YoY to Rs 59 crore, stock crashes 7%
Zomato attributed the dip in profit to higher investments aimed at quickening the pace of store openings and acquiring new customers, particularly in its quick commerce business. Adjusted EBITDA, however,
India's Zomato's Q3 profit tumbles as store ramp-ups take a toll
India's Zomato reported a 57% fall in third-quarter profit on Monday as its margins continued to face pressure from increased spending on opening more centres to fulfil orders at its Blinkit quick commerce platform.
Zomato Q3FY25 results: Net profit drops 57% to Rs 59 cr, revenue rises 64%
The company's revenue from operations rose 64 per cent year-on-year (Y-o-Y) to Rs 5,405 crore in Q3, up from Rs 3,288 crore a year ago
Zomato Q3 2025 results: Net profit falls 57% despite 64% revenue rise, as expenses mount
A significant portions of Zomato's expenses came from purchases of stock-in-trade which grew to ₹1,510 crore from ₹783 crore earlier.
India's Zomato misses Q3 profit estimate as store ramp-ups bite
India's Zomato reported a smaller-than-expected third-quarter profit on Monday as its margins continue to face pressure from high spending on opening more centres to fulfil orders at its quick commerce platform,
thetechportal.com6h
Zomato Q3’25: 58% YoY increase in revenue, accelerated investment for Blinkit as competition heats up
Food delivery upstart Zomato has reported financials for Q3'25. While along expected lines, Blinkit still reported losses as ...
cnbctv1839m
Blinkit CEO Albinder Dhindsa on Zomato's $1 bn move to reduce foreign holding
Sharing insights on Zomato's recent move to reduce foreign institutional ownership, Dhindsa also outlined Blinkit’s key ...
Zomato stores see traction in smaller cities, plans more stores, says management
Zomato ’s business is seeing a strong traction in smaller cities and the company is planning to open more stores in these ...
inc424h
Zomato’s ‘District’ App Breaches 6.5 Mn Downloads
Zomato’s ticket booking app District has crossed 6.5 Mn downloads, its head Rahul Ganjoo has said in shareholders letter.
'Being Vegetarian Feels Like Curse': Zomato User's Post Goes Viral After He Highlights How Food App Charged Him Of 'Veg Mode Enablement Fee'
It was believed that Rohit turned on the 'only veg' mode on the app to eliminate non-veg dishes he wasn't looking for and ...
Zomato consolidated net down 57 per cent, revenue up 64 per cent
Zomato's Q3FY25 financial report shows a decline in profit, growth in revenue, and investments in quick-commerce expansion.
Zomato's Q3 net profit plummets as Blinkit piles up losses to take on rivals Zepto, Swiggy
Following the results, the stock price of the food and grocery delivery company took a hit on the bourses. At the close of ...
cnbctv183h
Zomato’s delivery partners earned an average of ₹28,000 a month in 2024
Zomato CEO Deepinder Goyal said that this, after accounting for estimated fuel cost of Rs 5,000 a month, is “fairly ...