Zomato Shares Extend Losses For Fourth Day, Plunge 5% To INR 203.80

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SUMMARY

Zomato’s stock dropped 5.05% to INR 203.80, marking its fourth consecutive day of losses, with the share price declining over 12% in the last five trading sessions and now trading 31% below its 52-week high.

The decline follows disappointing Q3 FY25 results, with consolidated net profit falling 57.2% YoY to INR 59 Cr and core food delivery business growth (17% YoY) falling short of the 20%+ target.

Increased competition in quick commerce and rapid dark store expansion led to Blinkit’s losses increasing significantly, while…



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Zomato Shares Extend Losses For Fourth Day, Plunge 5% To INR 203.80


SUMMARY

Zomato’s stock dropped 5.05% to INR 203.80, marking its fourth consecutive day of losses, with the share price declining over 12% in the last five trading sessions and now trading 31% below its 52-week high.

The decline follows disappointing Q3 FY25 results, with consolidated net profit falling 57.2% YoY to INR 59 Cr and core food delivery business growth (17% YoY) falling short of the 20%+ target.

Increased competition in quick commerce and rapid dark store expansion led to Blinkit’s losses increasing significantly, while…



Source link

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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