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Zomato's Q2 Results Drop Tomorrow; Here’s The Key Insights to Note 

News by Aliceblue News Desk

21 Oct 2024

Zomato's Q2 Results Drop Tomorrow; Here’s The Key Insights to Note 

When are Zomato’s Q2 Results Coming?

Zomato is set to announce its Q2 results soon, generating anticipation among investors. The company has shown significant growth in its recent performance, leading to increased interest in its upcoming financial disclosures.

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Also Read: UltraTech Cement Sees 35.5% Drop in Q2 FY25 Profit Amid Revenue and EBITDA Decline; Read More for Insights

About the Zomato 

Zomato is a prominent player in the food delivery and quick commerce sectors, offering services that cater to a diverse customer base. The company has expanded its operations and revenue streams, demonstrating resilience in a competitive market.

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Last Year’s Quarterly Performance

In Q1 FY25, Zomato reported an impressive 74% year-over-year increase in consolidated revenue, reaching ₹4,206 crore, with an 18% quarter-over-quarter growth. The gross order value (GOV) surged by 53% to ₹15,455 crore, showcasing robust performance across its segments. Notably, food delivery GOV grew by 27% year-over-year, quick commerce GOV rose by 130%, and going-out GOV increased by 106%. Additionally, its B2B division, Hyperpure, saw revenue growth of 96% year-over-year, reflecting improved profitability.

Also Read: RBL Bank Shares Plummet 14% Amid 24% Drop in Q2 Net Profit Due to Asset Quality Concerns; Find Details

Today’s Zomato Share Price

On Monday, Zomato’s shares experienced a rally ahead of the Q2 results announcement, rising by up to 3.7% to reach an intraday high of ₹267 on the NSE. Despite a low of ₹254.5 earlier in the day, the stock rebounded and closed at ₹265.1, marking a 2.99% increase.

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