Zomato Q2 Results: Zomato Ltd’s net profit fell by 30% in the second quarter of FY25, missing analysts’ estimates, as the food delivery giant reported a profit of Rs 176 crore, down from Rs 253 crore in the previous quarter. Despite the decline, the company marked its sixth consecutive profitable quarter.
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Revenue rose 14% quarter-on-quarter (QoQ) to Rs 4,799 crore, surpassing the Bloomberg estimate of Rs 4,682 crore. EBITDA also improved by 28% to Rs 226 crore, with margins increasing to 4.7%, slightly beating expectations.
Year-on-year (YoY), Zomato’s revenue surged 69%, while net profit skyrocketed by 389% to Rs 176 crore, from Rs 36 crore in Q2 FY24. Ebitda showed a significant turnaround from a loss of Rs 47 crore last year to Rs 226 crore.
Gross order value (GOV) increased by 55% YoY to Rs 17,670 crore, with food delivery growing 21% YoY and quick commerce showing a 122% surge. Hyperpure, Zomato’s B2B segment, saw a revenue increase of 98% YoY and 22% QoQ.
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Blinkit, Zomato’s quick commerce division, reached Rs 7 lakh in GOV per day at newly launched stores during the quarter, achieving break-even. However, investments in new stores and warehouses hindered margin expansion.
Zomato plans to launch a new district app soon to enhance customer engagement. Its shares fell 3.52% to Rs 256.35 on the NSE, underperforming the Nifty 50, which declined by 1.25%.
