Zomato has reported its fourth consecutive profitable quarter, posting a net profit of Rs 175 crore for Q4 FY24, marking a 27% increase. The company's revenue surged by 73% during the same period. Additionally, Zomato's subsidiary Blinkit turned adjusted EBITDA positive in March, with its year-on-year Gross Order Value (GOV) growth at 97%, outpacing the 28% growth in food delivery. Despite the positive results, Zomato's profit pace lagged behind street expectations. The company plans to continue reinvesting in its business.
Zomato Share Price Target 2024: BUY after Q4 results? Know brokerages views https://t.co/BdvL4P5SmO
Share Price Target, Hot Stocks Today: Zomato, Varun Beverages, Thermax, UPL, Piramal Pharma and more | Stocks to Buy https://t.co/Vtzd0XxpnJ
#Q4WithETNOW | "Will keep reinvesting in business" Zomato mgmt after announcing a 27% jump in profit in Q4FY24 @zomato https://t.co/ppkx53LpaG
🚨 ETtech #Top5 | @zomato Q4 earnings; @letsblinkit edges closer to profitability Also in this letter: ■ Zomato Esop costs to rise ■ @Apple India's FY25 starts with a bang ■ @SoftBank swings to Q4 #profit https://t.co/Ko0B5D084R
#Blinkit turns adjusted #EBITDA positive in March as co aggressively bets on store expansion https://t.co/T5iwyqNstT
#LeadStoryOnET | #Zomato delivers a hot & cold Q4 dish! #Profit pace lags Street views #EarningsWithET https://t.co/oHFZRzBgIz
Blinkit turned adjusted EBITDA positive in March. Its year-on-year GOV growth at 97 percent outpaced that of food delivery which came in 28 percent during the same period. https://t.co/EzHGI2qsxX
Zomato's @letsblinkit turns Adjusted EBITDA positive in March #results @TNIEBiz @Dipak_Journo
Zomato Q4 Results 2024: Food delivery company returns to black with Rs 175 crore PAT #Zomato https://t.co/rMG8d3UR5f
🚨Zomato logs fourth straight quarter of profit at Rs 175 crore in Q4, revenue up 73% By @deepsekharc https://t.co/e8Cv25kOLQ
Editor's Take | Nifty's bounce back on Friday, how will the markets perform this week? also Zomato to declare Q4 results. Watch! in today's Editor's take @nikunjdalmia https://t.co/cDf7w5ktKr
Editor's Take | Nifty's bounce back on Friday, how will the markets perform this week? & Zomato to declare Q4. Watch! in today's Editor's take @nikunjdalmia https://t.co/iDfFAstBBw
#LeadStoryOnET | #Zomato #Q4 Results #Preview: Steady #earnings on cards after solid few quarters https://t.co/4il4YBjG7X
#Q4WithETNOW | Watch out for the earnings result for these other companies👇 https://t.co/aPyKayYmwf
#Q4WithETNOW | Watch out for the earnings result for these Nifty stocks👇 https://t.co/sITdqrnX96