Zomato Shares soared to a record high, climbing 10% to ₹261 on robust Q1 results, as investors responded positively. The company’s strong performance across all segments drove the surge, contrasting with the Nifty 50’s 14% rise over the same period.
Q1 Results revealed Zomato’s net profit skyrocketed to ₹253 crore, a 12,550% increase YoY. Operational revenue also jumped 75% to ₹4,206 crore, highlighting significant year-over-year growth and solidifying its market position.
During this quarter, Zomato achieved an EBITDA of ₹177 crore, turning around from a ₹48 crore EBITDA loss the previous year. This resulted in a 4.21% profit margin, underscoring improved operational efficiency and financial health.
Zomato’s B2C business, particularly food delivery, saw a gross order value (GOV) growth of 53% YoY, reaching ₹15,455 crore. Meanwhile, Blinkit’s GOV soared 130% YoY to ₹4,920 crore, demonstrating robust growth in fast commerce.
Amidst this financial success, Zomato announced plans for a one-stop app called District, aiming to make it their third-largest B2C venture. By 10:31 am, Zomato Shares traded at ₹256 on the NSE, reflecting a 105% increase year-to-date.