SUMMARY
- Zomato’s consolidated net profit declined by 30% to Rs 176 Crore in Q2 FY25.
- Its operating revenue grew more than 14% QoQ to Rs 4,799 Crore in Q2 FY25.
- Zomato’s operating revenue jumped 68.5% YoY from Rs 2,848 Crore in Q2 FY24.
Foodtech giant Zomato’s consolidated net profit declined by 30% to Rs 176 Crore in the second quarter (Q2) of the financial year 2024-25 (FY25), from Rs 253 Crore in the previous June quarter. This drop was driven by a surge in certain expense categories.
Despite a steady growth in its profit after tax (PAT) since the first quarter of FY25, Zomato saw a dip in its bottom line during Q2, even as its operating revenue grew more than 14% to Rs 4,799 Crore in the reported quarter, up from Rs 4,206 Crore in Q1 FY25.
Zomato’s operating revenue jumped 68.5% YoY from Rs 2,848 Crore in the same quarter of the previous fiscal, while its PAT surged 389% YoY from Rs 36 Crore.
The Deepinder Goyal-led company continued to witness growth across its various verticals. Its food delivery Gross Order Value (GOV) rose 5% to Rs 9,690 Crore in Q2 FY25, up from Rs 9,264 Crore in the preceding June quarter.
Zomato’s quick commerce GOV also saw a 25% QoQ increase, reaching Rs 6,132 Crore.
Notably, the company’s focus on its “going out” business led to the biggest jump of 46% QoQ in this vertical, which reached Rs 1,849 Crore.
