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In the December quarter, Zomato s food delivery margin rose despite an increase in the active restaurant base and a weak demand environment while quick commerce saw a better contribution margin, despite an accelerated increase in dark stores. ....
Zomato reported a 283 per cent rise on a QoQ basis in the net profit at Rs 138 crore in the December 2023 quarter, while its nep profit came in at Rs 36 crore in the year ago period. ....
The Zomato stock hit a 52-week high on Thursday after the brokerage HSBC gave an "extremely strong 2023" review on the stock. The company reported profits in back-to-back quarters ended June and September. ....
Zomato: With Blinkit achieving a positive contribution in Q2FY24, added scale as it expands dark store network and city reach, will drive positive adjusted Ebitda in FY25, CLSA said.
At 11.41 a.m., the stock was trading 5.6% lower at Rs 102.1 over its last day s closing price of Rs 108.1 apiece. However, the stock has surged over 70% year-to-date, while it rallied over 75% in the past six months. Meanwhile, the stock has declined nearly 24% in the past two years. ....