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 Q3 FY25 results: Net profit falls 57% to Rs 59 crore, revenue up 64%
Food-delivery platform Zomato on Monday reported a 57 per cent drop in consolidated net profit to Rs 59 crore for the third quarter of financial year 2024-25 (FY25).
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 trade on the NSE on Monday, it was down 7.3% at Rs 230.70.
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 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.
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Zomato adex shoots by 39% to Rs 521 crore in Q3FY25
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Zomato share price plunges for second day after profit shock
Zomato is listed on India’s BSE and NSE. On Tuesday, its share price on the NSE opened at 223 rupees but dropped to 217 rupees during early trading. This follows Monday’s opening price of 252 rupees, ...
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Zomato tanks over 10% on weaker numbers, drags Swiggy along, too
Zomato has attributed the weaker numbers to the increased investments in accelerated new dark-store openings and customer ...