ZOMATO: Q3 CONS NET PROFIT 590M RUPEES VS 1.4B (YOY), Cons PAT falls 57% YoY to Rs 59 crore, revenue surges 64%
- Food Delivery GOV growth slowed due to weak consumer sentiment
- Blinkit losses to continue in the near term as Co continues to invest
- Heightened Q comm competition has led to a temporary pause in margin expansion
Q3 KEY INTERNALS
- B2C GOV growth at 57%, 20206 Cr vs
- Food delivery GOV grew 17% YoY; +2% QoQ
- Quick commerce GOV grew 120% YoY; +27% QoQ
- Blinkit EBITDA Loss at 103 Cr vs loss of 89 Cr YoY, 8 Cr QoQ
CO SAYS:
- Will get to 2000 dark stores by Dec 2025 vs earlier guidance of Dec 2026
- 216 Blinkit stores added in Q3 vs 152 in Q2FY25
- Food Delivery EBITDA Margins will reach sustain around 5% in the next few quarters