Zomato Share Price : Food delivery giant Zomato reported a significant 57.24% decline in profits for Q3 FY25, earning Rs 59 crore compared to Rs 138 crore in the previous year. This downturn comes amid what the company describes as a “broad-based demand slowdown” in its core food delivery business.
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Despite profit challenges, the company’s operational revenue showed strong growth, reaching Rs 5,405 crore, marking a 64.35% increase from Rs 3,288 crore in the previous year. The online food delivery segment grew by 21.59% to Rs 2,072 crore, while operational expenses rose 63.55% to Rs 5,533 crore.
A notable bright spot emerged from Blinkit, Zomato’s quick commerce division, which demonstrated remarkable growth with revenue surging 117.23% to Rs 1,399 crore. The company recently strengthened this division with a Rs 500 crore investment and announced ambitious expansion plans targeting 1,000 quick commerce stores by March 2025 and 2,000 stores by 2026.
The market responded to these results with Zomato’s shares closing 7.12% lower at Rs 231.05 on Monday’s trading session. (Zomato Share Price)
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