Shares of Zomato Ltd. slumped more than 13% on Tuesday after losses in the quick commerce segment caused the company’s earnings to fall short of analyst estimates.

The shares of the food delivery platform witnessed a sharp plunge of over 10% on Tuesday as investor sentiment dampened after the Q3 results

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 share price dropped over 9% following a 57.2% decline in Q3 net profit to ₹59 crore. The company reported a revenue of ₹5,405 crore, while total expenses surged to ₹5,533 crore, reflecting challenges amid rapid expansion and demand slowdown.

Zomato shares fell another 8%, continuing the fall after the company reported its Q3 FY25 results. Brokerages are divided, with Bank of America predicting a 70% upside, while Macquarie forecasts a 40% downside.

Results: Food delivery company Zomato on Monday reported a 57% fall in its December quarter consolidated net profit at Rs 59 crore versus Rs 138 crore reported in the year ago period. The revenue from operations in Q3FY25 stood at Rs 5,