Zomato Share Price
Zomato’s profit for the December 2024 quarter (Q3 FY25) declined 57.24% year-on-year (YoY) to ₹59 crore as against ₹138 crore in the same period last year. However, the company reported a significant 64.39% growth in revenue from operations, from ₹3,288 crore in the same period last fiscal to ₹5,405 crore in Q3 FY25.
The company’s adjusted EBITDA grew 128% year-on-year but saw a 14% quarter-on-quarter (QoQ) decline due to increased investments in opening new stores and adding customers in the quick commerce segment. Zomato’s quick commerce subsidiary Blinkit crossed 1,000 stores a quarter ahead of plan. The company is now aiming to double this figure, aiming to open 2,000 stores by December 2025, a year ahead of its original schedule.
Food delivery gross order value (GOV) growth remained slow at 2% QoQ (17% YoY) due to a broad-based demand slowdown. However, adjusted EBITDA margin improved from 3.5% in Q2 FY25 to 4.3% in Q3 FY25. Zomato CFO Akshant Goyal informed that the GOV of Zomato’s B2C businesses grew 57% YoY (14% QoQ) to ₹20,206 crore. Excluding the impact of the acquisition of Paytm’s entertainment ticketing business, GOV growth stood at 52% YoY (12% QoQ).
Food delivery GOV grew 17% YoY (2% QoQ), while quick commerce GOV witnessed an impressive growth of 120% YoY (27% QoQ). Going-out GOV grew 191% YoY (35% QoQ), and B2B Hyperpure segment revenue grew 95% YoY (13% QoQ). Overall, consolidated adjusted revenue grew 58% YoY (12% QoQ) to ₹5,746 crore, in line with GOV growth.
Following the quarterly results, Zomato share price declined 8.02% during the day’s trade, hitting an intraday low of ₹228.80, before closing down 3.14% at ₹240.95. In the last one month, the stock has declined 14.51%.
Trading volumes on the BSE were notably high, with around 36.61 lakh shares exchanging hands, as against the two-week average of 30.10 lakh shares. The stock registered a turnover of ₹89.93 crore and a market capitalisation of ₹2,32,525.20 crore.
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