Advertisment

Zomato Q3 Results: Net Profit Dips 57%, Revenue Climbs 64%, Blinkit Drives Growth

Zomato Q3 Results show a mixed performance with a 57% decline in profit at ₹59 crore, while revenue surged 64% to ₹5,404 crore. Blinkit quick commerce expanded rapidly with 117% revenue growth.

author-image
Harsh
New Update
Zomato Q3 Results

Photograph: (IANS)

Zomato Q3 Results: The latest Zomato Q3 Results for FY25 highlight contrasting trends in the company's performance. While net profit took a significant hit, revenue showcased impressive growth. Quick commerce emerged as a driving force, reflecting Zomato's strategic focus on expansion and innovation.

Zomato Q3 Results Show Profit Decline Amid Revenue Growth

In the Zomato Q3 Results, the company reported a 57% drop in net profit, down to ₹59 crore from ₹176 crore in the same period last year. However, revenue from operations soared by 64% year-on-year, reaching ₹5,404 crore compared to ₹3,288 crore in Q3 FY24.

Sequentially, the revenue also rose from ₹4,799 crore in Q2 FY25, demonstrating consistent growth across its operations, despite rising expenses.

Quick Commerce Shines in Zomato Q3 Results

A standout feature of the Zomato Q3 Results was the remarkable growth in its quick commerce segment. Revenue in this division surged by 117% year-on-year, touching ₹1,399 crore, up from ₹644 crore last year. The Gross Operational Value (GOV) for quick commerce also grew 120% year-on-year and 27% quarter-on-quarter, signaling strong customer demand.

Despite short-term profit pressures, Zomato CFO Akshant Goyal emphasized that these investments are setting the stage for sustainable long-term growth.

Blinkit Expansion Takes Center Stage in Zomato Q3 Results

The Zomato Q3 Results also shed light on Blinkit’s rapid expansion plans. The company aims to launch 1,000 new Blinkit stores by December 2025, pulling forward its goal of achieving 2,000 stores by an entire year.

Though Zomato’s shares dipped by 7% post-results, CEO Deepinder Goyal expressed confidence in the company’s strategic direction. He highlighted customer retention and robust margins in mature segments as key indicators of long-term success.

Zomato Quarterly Results
Advertisment
Advertisment