“Zomato Q3 Results Live: Blinkit Speeds Ahead, Achieving 2,000 Store Milestone a Year Early”
The revenue collected on Aadhaar for the quarter increased by 64% from the same quarter last year to ₹5,405 crore. Jeffrey’s analysts estimate the revenue figure to rise 55% year-on-year. Street blinking, 15 minutes food delivery, the district is awaiting management’s comments on several aspects including this.
Food and quick commerce aggregator Zomato Limited announced the results of the December quarter on Monday, January 20. The company recorded a net profit of ₹ 59 crore for the October-December period. However, this figure is lower than Jefareez’s estimate of ₹ 91 crore. The company had recorded a net profit of ₹ 138 crore during the base quarter.
However, on a quarterly basis, the state revenue increased by 64% to Rs 5,405 crore from the same period last year. Analysts at Jeevanraj estimate that the state revenue figure will grow by 55% year-on-year. Street Blinkit is also awaiting the management’s comment on several aspects including 15-minute delivery of revenue, district app.
The stock has also given positive returns in the last one year, growing by around 95%
Q3 Results Live Updates: Stock ends over 7% lower on food delivery slowdown, Blinkit losses Zomato Q3 Results Live Updates: Stock ends over 7% lower on food delivery slowdown, Blinkit loss Revenue on an adjusted basis for the quarter increased by 64% from the same quarter last year to ₹5,405 crore. Analysts at Jefferies were projecting the revenue figure to grow 55% year-on-year. The Street is also awaiting management commentary on a whole host of aspects, including Blinkit, 15 minute food delivery, district app.
Zomato Q3 Results Live Updates: Stock ends over 7% lower on food delivery slowdown, Blinkit losses Food delivery and quick commerce aggregator Zomato Ltd. reported its December quarter results on Monday, January 20. The company reported a net profit of ₹59 crore for the October-December period. The figure though is lower compared to Jefferies’ estimates of ₹91 crore. The company had reported a net profit of ₹138 crore during the base quarter.
However, revenue on an adjusted basis for the quarter increased by 64% from the same quarter last year to ₹5,405 crore. Analysts at Jefferies were projecting the revenue figure to grow 55% year-on-year. The Street is also awaiting management commentary on a whole host of aspects, including Blinkit, 15 minute food delivery, district app. The stock has also given positive returns in the last one year, surging nearly 95%.
Zomato Q3 Results Live: Management on losses in QC business The management attributed the losses in the Quick Commerce business to pulling forward of the growth investments in the business that would otherwise have been made in a staggered manner.
Zomato Q3 Results Live: How Blinkit performedFor Blinkit, which is Zomato’s Quick Commerce business, revenue went up by 117% from last year and also increased by 21% when compared to the September quarter. However, on an EBITZomato Q3 Results Live: How Blinkit performedFor Blinkit, which is Zomato’s Quick Commerce business, revenue went up by 117% from last year and also increased by 21% when compared to the September quarter. However, on an EBITDA basis, Blinkit was back in the red, reporting an EBITDA loss of ₹30 crore, in comparison to a positive EBITDA of ₹48 crore from the same quarter last year. Blinkit also reported a net loss of ₹103 crore.DA basis, Blinkit was back in the red, reporting an EBITDA loss of ₹30 crore, in comparison to a positive EBITDA of ₹48 crore from the same quarter last year. Blinkit also reported a net loss of ₹103 crore.
Zomato Q3 Results Live: How sudden surge in competition has impacted biz? According to Zomato, this heightened competition has led to a pause in margin expansion in the business, which is expected and should be temporary.
Zomato Q3 Results Live: Blinkit to reach 2,000 store guidance by Dec-end Zomato in an earnings update said that Blinkit will get to its target of 2,000 stores by December 2025, much earlier than the company’s previous guidance of December 2026.
Zomato Q3 Results Live: Segment-wise updates Ordering and Delivery segment revenue grew by 22%, EBIT (GDP) grew by 67%.Quick Commerce revenue grew by 117% year-on-year and 21% quarter-on-quarter. Quick Commerce’s EBIT is declining by ₹30 crore, while EBIT profit is growing by ₹48 crore.
