Zomato Q3 Results Live Updates: Stock ends over 7% lower on food delivery slowdown, Blinkit losses

By daytodayupdate.com | Jan 20, 2025 3:46 PM IST (Updated)

Revenue on an adjusted basis for the quarter increased by 64% from the same quarter last year to ₹5,405 crore. Analysts at Jefferies were projecting the revenue figure to grow 55% year-on-year. The Street is also awaiting management commentary on a whole host of aspects, including Blinkit, 15 minute food delivery, district app.

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Food delivery and quick commerce aggregator Zomato Ltd. reported its December quarter results on Monday, January 20. The company reported a net profit of ₹59 crore for the October-December period. The figure though is lower compared to Jefferies' estimates of ₹91 crore. The company had reported a net profit of ₹138 crore during the base quarter.

However, revenue on an adjusted basis for the quarter increased by 64% from the same quarter last year to ₹5,405 crore. Analysts at Jefferies were projecting the revenue figure to grow 55% year-on-year. The Street is also awaiting management commentary on a whole host of aspects, including Blinkit, 15 minute food delivery, district app.

The stock has also given positive returns in the last one year, surging nearly 95%.

Live Updates

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nueJan 20, 2025 3:46 PM IST

Zomato Q3 Results Live: Management on losses in QC business

The management attributed the losses in the Quick Commerce business to pulling forward of the growth investments in the business that would have otherwise been made in a staggered manner.

Jan 20, 2025 3:45 PM IST

Zomato Q3 Results Live: How Blinkit performed

For Blinkit, which is Zomato’s Quick Commerce business, revenue went up by 117% from last year and also increased by 21% when compared to the September quarter. However, on an EBITDA basis, Blinkit was back in the red, reporting an EBITDA loss of ₹30 crore, in comparison to a positive EBITDA of ₹48 crore from the same quarter last year.

Blinkit also reported a net loss of ₹103 crore.

Jan 20, 2025 3:33 PM IST

Zomato Q3 Results Live: 'Muted 2% QoQ GOV growth in food delivery'

The 2% quarter-on-quarter muted gross order value (GOV) growth in food delivery has been driven by broad based demand slowdown, Zomato said.

Jan 20, 2025 3:32 PM IST

Zomato Q3 Results Live: How sudden surge in competition has impacted biz?

According to Zomato, this heightened competition has led to a pause in margin expansion in the business, which is expected and should be temporary.

Jan 20, 2025 3:24 PM IST

Zomato Q3 Results Live: Blinkit to reach 2,000 store guidance by Dec-end

an 20, 2025 3:21 PM IST

Zomato Q3 Results Live: Segment-wise update

– Ordering and delivering segment revenue rose 22%, EBITDA (GU) 67%.

– Quick Commerce revenue up 117% year-on-year and Up 21% quarter-on-quarter.

– Quick Commerce EBITDA loss of ₹30 crore as against EBITDA profit of ₹48 crore.

Jan 20, 2025 3:18 PM IST

Zomato Q3 Results Live: Margin expands from last year

Zomato’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹162 crore, compared to an EBITDA of ₹51 crore last year. EBITDA margin for the quarter rose to 3% as against 1.6% last year.

Jan 20, 2025 3:16 PM IST

Zomato Q3 Results Live: Revenue grows by 64%

Revenue on an adjusted basis for the quarter increased by 64% from the same quarter last year to ₹5,405 crore. Analysts at Jefferies were projecting the revenue figure to grow 55% year-on-year.

Jan 20, 2025 3:13 PM IST

Zomato Q3 Results Live: Net profit drops 57% from last year

Zomato reported a net profit of ₹59 crore for the October-December period. The figure though is lower compared to Jefferies’ estimates of ₹91 crore. The company had reported a net profit of ₹138 crore during the base quarter.

Jan 20, 2025 1:55 PM IST

Zomato Q3 Results Live: 'Zomato can generate free cash flows without compromising topline growth'

Brokerage firm JM Financial said that Zomato has the capability to generate free cash flows without compromising topline growth, owing to strong execution skills. “Zomato is a clear market leader (in GOV/revenue terms) across all its operating business segments. It is also well ahead of the competition on the profitability front across business segments. Moreover, it is the only major hyperlocal delivery company in the country that, at a consolidated level, is currently generating free cash flows, without having compromised on topline growth. This indicates the strong execution capabilities of the management, giving us the confidence that Zomato is the best placed company to fend off emerging competitive threats in quick commerce.”

Jan 20, 2025 12:53 PM IST

Zomato Q3 Results Live: Zomato shares up 2%

Shares of Zomato are currently trading 1.53% higher at ₹252.60. Despite today’s gain, the stock is down over 8% so far in 2025. In the last one year, the stock has rallied 95%.

Jan 20, 2025 12:21 PM IST

Zomato Q3 Results Live: Buy/Sell recommendations

Out of the 28 analysts that have coverage on Zomato Ltd., 24 of them have a ‘Buy’ rating, three of them have a ‘Sell’ recommendation, while the other one has a ‘Neutral’ stance on the counter.

Jan 20, 2025 12:11 PM IST

Zomato Q3 Results Live: Kotak on Zomato Q3 financials

Kotak Institutional Equities expects the third quarter revenue growth to come in at 62% YoY, driven by 24% YoY growth in food delivery revenues, 83% YoY growth in Hyperpure revenues, and 124% YoY growth in Blinkit revenues. The sharp 114% YoY and 24% QoQ GMV growth in Blinkit will be driven by rapid store additions and an increase in AOV.

Jan 20, 2025 11:44 AM IST

Zomato Q3 Results Live Updates: What Nuvama expects

Zomato may deliver 14% sequential and 66% year-on-year revenue growth. Food delivery is expected to rise 21% on a year-on-year basis, while Blinkit is set to surge 110% on-year. The consolidated EBITDA margin is expected to contract by 60 basis points sequentially, driven by higher competitive intensity in the quick commerce segment.

Jan 20, 2025 11:24 AM IST

Zomato Q3 Results Live: Important Internals

– Food GOV to grow 4% QoQ and 19% YoY
– Contribution margin and Ebitda margin for food to decline marginally QoQ
– Blinkit GOV growth likely to be strong at 17% QoQ
– Contribution margin lower QoQ due to sharp store additions
– Overall, B2C GOV to grow 56%

Jan 20, 2025 11:19 AM IST

Zomato Q3 Results Live: Key result expectations from Jefferies

Adjusted revenue +55% YoY at ₹5,665 crore
EBITDA at ₹290 crore vs ₹125 crore YoY.
Net profit seen at ₹91 crore vs ₹138 crore.

Zomato in an earnings update said that Blinkit will get to its target of 2,000 stores by December 2025, much earlier than the company’s previous guidance of December 2026. an adjusted basis for the quarter increased by 64% from the same quarter last year to ₹5,405 crore. Analysts at Jefferies were projecting the revenue figure to grow 55% year-on-year. The Street is also awaiting management commentary on a whole host of aspects, including Blinkit, 15 minute food delivery, district app.

Revenue on an adjusted basis for the quarter increased by 64% from\the same quarter last year to ₹5,405 crore. Analysts at Jefferies were projecting the revenue figure to grow 55% year-on-year. The Street is also awaiting management commentary on a whole host of aspects, including Blinkit, 15 minute food delivery, district app.

Revenue on an adjusted basis for the quarter increased by 64% from the same quarter last year to ₹5,405 crore. Analysts at Jefferies were projecting the revenue figure to grow 55% year-on-year. The Street is also awaiting management commentary on a whole host of aspects, including Blinkit, 15 minute food delivery, district app.

FA Cup fourth-round draw: Holders Man Utd face Leicester

FA Cup: Amorim sees signs of progress in Man United’s shootout win at Arsenal

Amorim also said he was not sure if forward Marcus Rashford, who was again left out of the squad, had played his last game for United.

Manchester United boss  Ruben Amorim said his team is still improving, as Sunday’s dramatic FA Cup penalty shootout victory over Arsenal points to a more positive future after a difficult start to life at Old Trafford.

United fans have suffered several false dawns in recent seasons, with development under Amorim’s predecessors Erik ten Hag and Ole Gunnar Solskjaer.

Amorim may have wondered if he had taken on a poisoned chalice when a three-game unbeaten run to begin his reign was followed by a woeful run of results, with an unlikely victory over Manchester City in the middle.

But having outperformed expectations with a brilliant display against Liverpool last weekend, United followed that up at Arsenal to keep their FA Cup defence alive.

Amorim said he was particularly pleased with United’s improvement on their 2-0 league defeat by Arsenal last month when both the Gunners’ goals came from set pieces.

“I think we played, especially in the first-half, we played better than in the first game,” Amorim told reporters.

“We were better in set pieces today, more aggressive. We showed a different spirit, even with 10 men, we are improving on that aspect.”

Second-choice goalkeeper Altay Bayindir and forward Joshua Zirkzee were ultimately United’s heroes on Sunday after recent criticism.

Zirkzee was booed off as a first-half substitute in last month’s defeat to Newcastle United, while Bayindir was blamed for United’s League Cup exit against Tottenham Hotspur.

But both were key contributors to United’s third-round win, where they were reduced to 10 men, which Amorim said was a lesson for his squad.

“Your life as a footballer has cycles and moments, and sometimes in one week, your life can change,” he said.

“You can see Altay – against Tottenham, everybody was pointing the finger (at) Altay, and I understand that, and today he was our hero also.

“Joshua a few weeks ago, had a small problem with our fans, and today every time he’s going on the pitch, you feel the support from the fans.

“Then he has the last penalty, so life is like that, and you have to continue (being) humble, to work every day, your time will come.”

Amorim also said he was not sure if forward Marcus Rashford, who was again left out of the squad, had played his last game for United.

“He’s a player for Manchester United, we’ll see, he has to work, he has to represent his club, and he loves his club, but I have to make choices,” he said. 

Jeju Air's Black Boxes Stopped Recording 4 Minutes Before Crash: South Korea

 Jeju Air's Black Boxes Stopped Recording 4 Minutes Before Crash: South Korea

The black boxes holding the flight data for the crashed Jeju Air flight that left 179 people dead stopped recording

• World News
• Jan 11, 2025 2:04 pm IS

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four minutes before incident.

Seoul, South Korea:

The black boxes holding the flight data and cockpit voice recorders for the crashed Jeju Air flight that left 179 people dead stopped recording four minutes before the disaster, South Korea's transport ministry said Saturday.

The Boeing 737-800 was flying from Thailand to Muan, South Korea, on December 29 carrying 181 passengers and crew when it belly-landed at the Muan airport and exploded in a fireball after slamming into a concrete barrier.

"The analysis revealed that both the CVR and FDR data were not recorded during the four minutes leading up to the aircraft's collision with the localiser," the transport ministry said in a statement, referring to the two recording devices.

The localiser is a barrier at the end of the runway that helps with aircraft landings and was blamed for exacerbating the crash's severity.

"Plans are in place to investigate the cause of the data loss during the ongoing accident investigation," the statement added.

South Korean and US investigators are still probing the cause of the crash of Jeju Air flight 2216, which prompted a national outpouring of mourning with memorials set up across the country.

Investigators have pointed to a bird strike, faulty landing gear and the runway barrier as possible issues.The pilot warned of a bird strike before pulling out of a first landing, then crashed on a second attempt when the landing gear did not emerge.