Zomato’s quarterly loss widens to Rs 346 crore, revenue jumps 75%

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Zomato’s consolidated revenue increased 75% to Rs 1,948 crore in the October-December quarter, while its loss increased fivefold to Rs 346 crore.

Excluding its quick commerce business Blinkit, the company reported an adjusted Ebitda, or operating loss, of Rs 38 crore. A year ago, the adjusted operating loss, which excludes interest, tax, depreciation, and amortisation, was Rs 272 crore. Even as Zomato’s management acknowledged a slowdown in the food delivery business following Diwali, with total orders falling, the company’s operating performance has improved.

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Zomato’s quarterly loss widens to Rs 346 crore, revenue jumps 75%

Zomato’s consolidated revenue increased 75% to Rs 1,948 crore in the October-December quarter, while its loss increased fivefold to Rs 346 crore.

Excluding its quick commerce business Blinkit, the company reported an adjusted Ebitda, or operating loss, of Rs 38 crore. A year ago, the adjusted operating loss, which excludes interest, tax, depreciation, and amortisation, was Rs 272 crore. Even as Zomato’s management acknowledged a slowdown in the food delivery business following Diwali, with total orders falling, the company’s operating performance has improved.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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