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Zomato's Q3 net profit plummets
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 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'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.
15m
on MSN
Undeterred by 57% profit decline, Zomato to accelerate Blinkit expansion
Zomato expects Blinkit’s losses to continue in the near term on the back of sustained store expansion and customer ...
16h
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 ...
15h
Three reasons why Zomato stock crashed 7% today post-Q3 results
Zomato reported a 57% fall in Q3 profit as its margins continued to face pressure from increased spending on opening more ...
LIVE
3h
Zomato Q3 Results Highlights: Net profit plunges 57% YoY to ₹59 crore; revenue up 64%
While Zomato’s net profit in the December quarter is expected to grow around 20%, its revenue growth is estimated to be 66% ...
inc42
6h
Zomato Q3: Rising Quick Commerce Competition Hits Bottom Line
The foodtech major’s consolidated net profit declined 57.2% to INR 59 Cr in Q3 FY25 from INR 138 Cr in the same quarter last ...
14h
'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 ...
11h
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 ...
The Financial Express
13h
Zomato Q3 Results: Profit dips significantly to Rs 59 crore on continued store expansion, revenue up 64.39% YoY
Zomato recorded fiscal third quarter earnings with profit dropping significantly to Rs 59 crore. Zomato said that its margins ...
9h
Bad news for Deepinder Goyal as Zomato’s net profit falls 57% in just.., company earns only Rs…
Bad news for Deepinder Goyal as Zomato’s net profit falls 57% in just.., company earns only Rs… For breaking news and live ...
cnbctv18
9h
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 ...
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