Zomato Ltd's Q3 FY25 net profit fell more than 57 percent year-on-year to Rs 59 crore, even as the food delivery firm's revenue for the quarter expanded 64 percent from the previous year.
Zomato is expected to report strong Q3FY25 growth, with a 66% YoY revenue increase, driven by food delivery and Blinkit’s expansion. Blinkit revenues are projected to surge 110% YoY due to store ...
Results: Food delivery company Zomato on Monday reported a 57% fall in its December quarter consolidated net profit at Rs 59 crore versus Rs 138 crore reported in the year ago period. The revenue from ...
The shares of the food delivery platform witnessed a sharp plunge of over 10% on Tuesday as investor sentiment dampened after the Q3 results ...
ICICI Securities has said that Zomato may have lost market share in the food delivery segment in Q3 FY25 amid rising competition.
Zomato's aggressive store expansion for its quick commerce business, Blinkit, has inflated losses and dragged its Q3 net ...
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 ...
Zomato share price dropped over 9% following a 57.2% decline in Q3 net profit to ₹59 crore. The company reported a revenue of ...
Zomato shares dropped 9% after reporting a 57% decline in net profit for Q3FY25. Despite higher revenue, profitability was impacted due to a slowdown in food delivery demand. Analysts have mixed ...
Market analysts are revising stock price targets downward for Zomato after the food delivery giant posted a mixed performance ...
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 ...
Following the results, the stock price of the food and grocery delivery company took a hit on the bourses. At the close of trade on the NSE on Monday, it was down 7.3% at Rs 230.70.