On February 11, 2025, Zomato share price extended the fall for the second consecutive day with a drop of ~5%, reaching a day low of ₹213.85 at 1:05 PM after opening at ₹227.15. Zomato share price has recorded a drop of ~3% in the previous trading session. Further, the shares of Zomato had dropped 8% cumulatively in the past two days.
The company has demonstrated strong topline (Adjusted Revenue) growth of 58% year-over-year (YoY) and 12% quarter-over-quarter (QoQ), reaching ₹5,746 crore, which is broadly in line with the growth in Gross Order Value (GOV) from its B2C business. Consolidated Adjusted EBITDA saw a remarkable 128% YoY increase, amounting to ₹285 crore in Q3FY25. This growth was mainly driven by an improvement in the food delivery segment’s adjusted EBITDA margin (as a percentage of GOV), which rose from 3.0% last year to 4.3%.
However, on a QoQ basis, consolidated Adjusted EBITDA declined by 14% (₹45 crore), despite the positive margin performance in food delivery. This decrease was primarily due to accelerated investments in expanding the quick commerce store network, with quarterly losses in this area increasing by ₹95 crore.
Blinkit’s store count surpassed the 1,000 mark, ahead of the planned schedule. The company is now aiming to reach 2,000 stores by December 2025, one year ahead of its earlier guidance of December 2026.
In food delivery, GOV growth slowed to 2% QoQ (17% YoY), driven by a broad-based demand slowdown. However, the segment saw a sharp increase in adjusted EBITDA margins, rising from 3.5% in Q2FY25 to 4.3% in Q3FY25. Additionally, the company launched its new District and Bistro mobile apps.
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Published on: Feb 11, 2025, 1:22 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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