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India's Zomato misses Q2 profit estimates
India's Zomato misses Q2 profit estimates as expansion costs hit margins
India's Zomato reported a smaller-than-expected rise in second-quarter profit on Tuesday, hurt by a drop in margins, as it added more distribution centres to grow its quick commerce platform Blinkit.
Zomato Shares Plunge 4% As Q2 Profit Misses Street Estimates: Why Analysts Remain Strongly Bullish
Shares of food delivery firm Zomato tanked over 4% on Wednesday after the company’s second quarter net profit, despite increasing multifold, failed to meet analysts’ expectations. What Happened: Zomato’s net profit zoomed by 390% to ₹176 crore in the July to September period,
Business News LIVE Updates Today October 22, 2024: Zomato misses Q2 profit estimates, hurt by store expansion costs
Zomato reported a nearly five-fold profit increase to 1.76 billion rupees but missed forecasts. The firm is raising 85 billion rupees via shares a
India Today
14m
Not a rumour: Zomato clarifies on platform fee hike, shares tumble 4%
In its statement, Zomato highlighted that the information about the fee hike was sourced directly from its public mobile ...
12h
Zomato had many positives in Q2. A fundraising plan overshadowed them all.
Growth rates were in line with management’s guidance, but the Street was more intrigued by the board’s sudden approval of a ...
inc42
20h
Zomato Jumps 3% After Upbeat Q2 Show
Shares of foodtech major Zomato surged as much as 4.6% to INR 268 during the intraday trading on the BSE on Wednesday ...
ndtvprofit
1d
Zomato Q2 Mixed Bag For Analysts, Blinkit Break-Even Key Positive
Analysts are revising their target prices for Zomato upward, but concerns over margin pressures and competition persist.
1d
on MSN
Zomato Q2 results preview: PAT likely to rise multifold, revenue to surge 63%, say analysts
According to experts, food delivery giant Zomato is anticipated to report a significant increase in both revenue and net ...
thetechportal.com
1d
Zomato posts strong Q2’25 numbers, uptick in net profit and revenues
Zomato announced its Q2 2025 numbers today, for the quarter ending September 2024, with surge in profits and revenue alike.
ABP Live on MSN
1d
Zomato Q2 Results: Profit Surges 5x, Revenue Jumps 69 Percent In FY25
The company's total expenses rose to Rs 4,783 crore in the quarter ending September, up from Rs 4,203 in the previous quarter ...
1d
Zomato Q2 net profit surges 389% to Rs 176 cr
Food delivery platform Zomato on October 22 reported 389 percent jump in net profit from Rs 36 crore in Q2FY24 to Rs 176 crore in Q2FY25. The company's revenue during the same time increased 69 ...
Fortune India
1d
Why brokerages are bullish on Zomato post Q2
ICICI Securities has given ‘BUY’ on the stock with a target price of ₹300, saying that it remained top pick in the Indian ...
2d
on MSN
India's Zomato misses Q2 profit estimates, hurt by store expansion costs
(Reuters) -Indian food and grocery delivery firm Zomato reported a smaller-than-expected rise in second-quarter profit on ...
1d
Zomato Q2 Results: Net profit jumps 389% YoY, board approves fund raising up to ₹8,500 crore via QIP | Key Highlights
Zomato Ltd reported a 389% rise in Q2FY25 net profit to ₹176 crore, up from ₹36 crore last year. Revenue reached ₹4,799 crore ...
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