Zomato's Q3 Profit Plummets 57% Despite Strong Revenue Growth

The food delivery giant's net profit fell sharply to ₹59 crore, as expenses surged, while revenue climbed 64% to ₹5,405 crore.

Zomato reported a 57% drop in net profit for Q3 FY25, falling to ₹59 crore from ₹138 crore in the same quarter last year.
Revenue from operations grew 64%, reaching ₹5,405 crore compared to ₹3,288 crore in Q3 FY24, driven by growth across multiple business segments.
The company's quick commerce arm Blinkit saw a 117% increase in operating revenue to ₹1,399 crore but reported a net loss of ₹103 crore for the quarter.
Zomato's total expenses surged by 63.6%, primarily due to a 93% rise in stock-in-trade costs, which reached ₹1,510 crore.
Following the release of its Q3 earnings, Zomato's shares dropped over 6% on Tuesday, continuing a downward trend after a 7% decline on Monday.