Top restaurateurs raised concerns over the entry of food delivery aggregators like Zomato and Swiggy into private labelling and dining-in, and stressed the need for alternatives in the market. At a ...
Zomato has recently revealed that its 1.5 million delivery partners earned an average of Rs 28,000 a month in 2024, an income that CEO Deepinder Goyal called "fairly attractive vis-à-vis ...
Zomato Share Price: Zomato shares fell 13% to the day’s low on Tuesday morning, after the food delivery giant reported a 57% year-on-year drop in consolidated net profit for the December quarter, ...
Shares of Zomato fell over 10% after reporting a 57% YoY drop in Q3 net profit, mainly due to increased spending and expansion efforts by its quick commerce unit, Blinkit. Swiggy shares also tumbled ...
“Zomato's loss of 15% in value in less than a day has a lot to do with profit margins getting hit in high-growth q-commerce,” wrote Aviral Bhatnagar, Founder and Managing Partner of AJVC ...
According to the brokerage, Zomato overall posted decent results during the December quarter. Furthermore, as per UBS, the slowdown in the food delivery was surprising, but margin expansion was ...
New Delhi, Jan 21 (PTI) Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57.2 per cent drop in consolidated ...
Zomato share price today, January 21: The stock of Zomato has fallen over 9% in the last five trading sessions. (Image: Reuters) Zomato’s share price fell as much as 8.7%, to Rs 218.95, intra ...
Zomato Q3 Results: Food delivery company Zomato on Monday reported a 57% fall in its December quarter consolidated net profit at Rs 59 crore versus Rs 138 crore reported in the year ago period. The ...
A significant portions of Zomato's expenses came from purchases of stock-in-trade which grew to ₹1,510 crore from ₹783 crore earlier. Food delivery giant Zomato Ltd announced its third quarter ...
Zomato recorded Q3 profit at Rs 59 crore, posting a significant drop of 57.25 per cent YoY. (Image/Reuters) Zomato on Monday recorded fiscal third quarter earnings with profit recording a ...
Shares of food delivery aggregator Zomato Ltd., ended over 7% lower on Monday, January 20, after the company reported its December quarter results, in which it expected further losses for its quick ...