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HomeMarket NewsZomato Q3 Results: Net profit more than halves, Blinkit remains loss-making
Blinkit said that it will reach 2,000 stores by December 2025, much ahead of its previous guidance of December 2026.
By Hormaz Fatakia January 20, 2025, 3:18:41 PM IST (Published)
Food delivery aggregator Zomato Ltd.'s net profit more than halved from the same quarter last year as it reported its December quarter results on Monday, January 20.
Net profit for the period declined by 57% from last year to ₹59 crore, compared to a bottomline figure of ₹138 crore in the base quarter.
Revenue for the period crossed the mark of ₹5,000 crore, increased by 64% on a year-on-year basis to ₹5,404 crore.
Shares of Zomato fell as much as 2.5% after the results announcement, and are currently trading 1.1% lower at ₹246.
This is a developing story.
