Zomato's aggressive store expansion for its quick commerce business, Blinkit, has inflated losses and dragged its Q3 net profit. While the Street beat Zomato's shares down after Q3 numbers, brokerages continue to show confidence in the company's strong execution record to deliver long-term growth.

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.

Out of the 28 analysts that have coverage on Zomato, 24 of them have a 'Buy' rating on the stock, one of them say 'Hold', while three of them have a 'Sell' rating on the counter.

Food delivery upstart Zomato has reported financials for Q3'25. While along expected lines, Blinkit still reported losses as investment speeds up.

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.