Zomato profits dragged down 57% amid ‘broad-based demand slowdown’

Quick Summary:

The Deepender Goyal-led company reported a profit of Rs 59 crore for Q3 of the fiscal year 2025, a decline of 57.24% compared to Rs 138 crore in the same quarter of the previous financial year.

It expects to reach 2,000 stores by the end of 2026 while remaining profitable.

The company, in its annual results for FY24, unveiled its plans to ramp up to 1,000 quick commerce stores by March 2025.

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Article Details

Author / Journalist: Anuj Suvarna

Category: StartupsEconomyBusiness

Markets: India

Topics: Year Crore Fiscal 2025 Compared Delivery Zomato Privacy Previous Quarter Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 11:13:24 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 342 words

Reading Time: 2 minutes read

Sentences: 37 lines

Sentence Length: 10 words per sentence (average)

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News ID: 25282341

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