India's Zomato posts Q3 profit slump on stiff competition, store ramp-ups
By Ananta Agarwal and Ashna Teresa Britto (Reuters) -Indian food delivery major Zomato's third-quarter profit more than halved on Monday, as rising competition in the quick commerce space and increased spending on opening more fulfilment centres for its Blinkit platform weighed on margins.
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For the October-December quarter, the company's consolidated net profit slumped 57 per cent on-year to Rs 59 crore as against Rs 138 crore during the same period of the previous fiscal year. In the previous September quarter, the company's net profit was recorded at Rs 176 crore.
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India's Zomato misses Q3 profit estimate as store ramp-ups bite
India's Zomato reported a smaller-than-expected third-quarter profit on Monday as its margins continue to face pressure from high spending on opening more centres to fulfil orders at its quick commerce platform,
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Zomato shares declined 9.1% to hit a low of ₹219 in early trade today, after ending 3.1% lower in previous session amid weak Q3 numbers.
Zomato Q3 net profit falls 57% YoY to Rs 59 crore, stock crashes 7%
Zomato Ltd's Q3 FY25 net profit fell more than 57 percent year-on-year to Rs 59 crore, even as the food delivery firm's revenue for the quarter expanded 64 percent from the previous year.
India's Zomato's Q3 profit tumbles as store ramp-ups take a toll
India's Zomato reported a 57% fall in third-quarter profit on Monday as its margins continued to face pressure from increased spending on opening more centres to fulfil orders at its Blinkit quick commerce platform.
Zomato Q3 2025 results: Net profit falls 57% despite 64% revenue rise, as expenses mount
A significant portions of Zomato's expenses came from purchases of stock-in-trade which grew to ₹1,510 crore from ₹783 crore earlier.
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Zomato shares dip 8.7% as Q3 FY25 profit falls by 57.2%. Explore what brokerage houses have to day post quarterly results.
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Zomato Q3 Results Highlights: Net profit plunges 57% YoY to ₹59 crore; revenue up 64%
While Zomato’s net profit in the December quarter is expected to grow around 20%, its revenue growth is estimated to be 66% ...