Zomato share plunges 10% as COO of food ordering, delivery business resigns

Quick Summary:

Despite the profit slump, the food delivery giant’s revenue grew considerably.

The company has expanded globally and ventured into the grocery delivery segment, as well as quick commerce, providing rapid delivery of everyday items.

However, at 1:00 PM, Zomato share was off day's low, and was trading 2.68 per cent lower at ₹205.

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Category: BusinessFinance

Markets: IndiaChad

Topics: Morgan Stanley About Zomato Buzzing Stock Jefferies on Zomato Zomato target price Zomato share levels Zomato Zomato Shares Indian equities Food aggregator Bernstein Zomato target Stock market crash Zomato Stock Price Zomato BSE Sensex Zomato share price history NSE About Zomato Zomato Zomato stock rating Zomato financial performance Zomato Q3 results Zomato stock levels Zomato stocks Zomato share price Nifty50 Zomato stock price today

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 13:26:51 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 27646018

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