Multibagger Zomato jumps 4% on robust Q3 show. Should you buy at current levels?
Zomato's third-quarter earnings beat the estimates on the back of robust growth in food delivery and hyperpure businesses. Net profit jumped nearly 4x (283%) quarter-on-quarter (QoQ) to Rs 138 crore. An ET Now poll saw the figure around Rs 36 crore. The company had posted a loss of Rs 347 crore in the last year period.
Zomato Q3 Results Review - Strong Growth Outlook Along With A Broad-Based Delivery : Motilal Oswal
Near-term moderation likely in the food delivery business
Zomato Ltd - 543320 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Zomato Limited has informed the exchange about link of audio recording of earnings conference call Zomato Ltd. Results Earnings Call for Q3FY24
Conference Call with Zomato Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript. Q3FY24 Quarterly Result Announced for Zomato Ltd.
Internet Software & Services company Zomato announced Q3FY24 results: Consolidated Q3FY24: Gross Order Value (GOV) (B2C business): Rs 12,886 crore, a 47% YoY growth. Adjusted Revenue: Rs 3,609 crore, up 53% YoY. Adjusted EBITDA: Rs 125 crore, improving by Rs 390 crore YoY. Business Segments Growth: Food Delivery GOV: Grew 27% YoY to Rs 8,486 crore. Quick Commerce GOV (Blinkit): Increased by 103% YoY to Rs 3,542 crore. Going-out GOV: Saw a 154% YoY increase, reaching Rs 858 crore. Profitability and Efficiency: Food Delivery Adjusted EBITDA Margin: Now at Rs 1,000+ crore on an annualized basis. Blinkit: Expected to reach Adjusted EBITDA break-even on or before Q1FY25. Contribution Margin: Despite the expansion, the contribution margin has been increasing due to a growing pool of profitable stores. Blinkit Ad Revenue Growth: 220% YoY against 103% YoY GOV growth. Customer Experience and Service Improvements: 20% decrease in order cancellations and rejections. Approximately 20% reduction in orders requiring support in the food delivery business over the last year. Expansion and Market Reach: Quick commerce store count reached 451, showing healthy same-store sales growth. New city launches showing good potential, with plans to scale these cities further. Environmental, Social, and Governance (ESG) Initiatives: Launched maternity insurance plans for women delivery partners. Over 6,500 delivery partners trained in first-responder emergency procedures. Aiming for 100 million plastic-free orders delivered by the end of 2025. Capital and Cash Reserves: Cash Balance Increasing: Up by Rs 254 crore in Q3, marking the third consecutive quarter of increase. Result PDF Zomato Ltd - 543320 - Results For The Quarter And Nine Months Ended December 31, 2023
Zomato Limited has filed with exchange financial results for the quarter and nine months ended December 31, 2023. Zomato Ltd - 543320 - Shareholders Letter
Zomato Limited has filed with exchange the shareholders letter. Zomato Ltd - 543320 - Board Meeting Outcome for Outcome Of The Board Meeting
Zomato Limited has informed the exchange that Board in its meeting held today approved the Un-audited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2023 Zomato Ltd - 543320 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Zomato Limited has informed the exchange regarding allotment of securities approved by the nomination and remuneration committee in its meeting held today pursuant to exercise of stock options. Zomato Ltd - 543320 - Liquidation Of Zomato Vietnam Company Limited
Zomato Limited has informed the exchange regarding liquidation of Zomato Vietnam Company Limited, step down subsidiary of the Company.