FY25 net profit fell 57 per cent YoY to Rs 59 crore due to increased costs from Blinkit’s rapid expansion. Market sentiment dipped, but brokerages remain optimistic about Zomato's long-term growth prospects.

Foodtech major Zomato’s consolidated net profit slumped 57.2% to INR 59 Cr in Q3 FY25 from INR 138 Cr in the year-ago quarter.

Results: Deepinder Goyal-led food delivery app and hyperlocal quick commerce giant’s revenue from operations in the December quarter rose 64.4 per cent to ₹5,405 crore.

India's Zomato reported a smaller-than-expected third-quarter profit on Monday as its margins continue to face pressure from high spending on opening more centres to fulfil orders at its quick commerce platform,

Zomato's aggressive store expansion for its quick commerce business, Blinkit, has inflated losses and dragged its Q3 net profit. While the Street beat Zomato's shares down after Q3 numbers, brokerages continue to show confidence in the company's strong execution record to deliver long-term growth.

Zomato shares dropped 9% after reporting a 57% decline in net profit for Q3FY25. Despite higher revenue, profitability was impacted due to a slowdown in food delivery demand. Analysts have mixed ratings,

By Ananta Agarwal and Ashna Teresa Britto (Reuters) -Indian food delivery major Zomato's third-quarter profit more than halved on Monday, as rising competition in the quick commerce space and increased spending on opening more fulfilment centres for its Blinkit platform weighed on margins.

A significant portions of Zomato's expenses came from purchases of stock-in-trade which grew to ₹1,510 crore from ₹783 crore earlier.