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India's Zomato misses Q2 profit estimates
India's Zomato misses Q2 profit estimates as expansion costs squeeze margins
India's Zomato reported a smaller-than-expected rise in profit for the second quarter on Tuesday as margins took a hit from investments on growing "dark stores" used to fulfill online orders on its Blinkit quick commerce platform.
Zomato Shares Plunge 4% As Q2 Profit Misses Street Estimates: Why Analysts Remain Strongly Bullish
Shares of food delivery firm Zomato tanked over 4% on Wednesday after the company’s second quarter net profit, despite increasing multifold, failed to meet analysts’ expectations. What Happened: Zomato’s net profit zoomed by 390% to ₹176 crore in the July to September period,
Business News LIVE Updates Today October 22, 2024: Zomato misses Q2 profit estimates, hurt by store expansion costs
Zomato reported a nearly five-fold profit increase to 1.76 billion rupees but missed forecasts. The firm is raising 85 billion rupees via shares a
2h
on MSN
Bad news for Zomato customers ahead of Diwali celebrations, food delivery to costs more now as platform increases fee to…
This fee helps us pay our bills to keep Zomato running. To maintain services during festive season, it has increased slightly ...
1d
on MSN
India’s Zomato to raise $1B ahead of rival Swiggy’s IPO
Zomato said on Tuesday its board had approved the company's proposal to raise $1 billion through a so-called qualified ...
2h
Zomato hikes platform fee on food delivery amid festive season: Here's how much you will have to pay now
A notification on the app explained that the fee helps cover the company’s bills and maintain services during the busy season ...
abp LIVE
3h
As Zomato Hikes Platform Fee To Rs 10, Here Are 8 Top Alternative Food Delivery Apps You Can Explore
If Zomato's Rs 10 platform fee feels a bit too much, you can check out other food delivery apps as well, from Homefoodi to ...
1h
on MSN
Zomato-backed Shiprocket posts 21% increase in FY24 operating revenue
Shiprocket was operationally profitable on a cash basis in the first two quarters of the ongoing financial year, Goel said, ...
16h
Zomato Q2 results: Net profit of Rs 176 crore recorded for September quarter
Zomato Ltd reported a significant increase in net profit to Rs 176 crore for Q2 2024, up from Rs 36 crore the previous year.
India Today on MSN
5h
Zomato shares recover after falling 5% after Q2 results. Should you buy?
Zomato shares faced volatility in early trade as they initially declined by nearly 5% due to profit booking a day after reporting its Q2FY25 results. However, Zomato’s share price rose to Rs 260.15 on ...
newsbytesapp.com
22h
Zomato board approves ₹8,500 crore fundraise via QIP
Currently, Zomato's foreign holding is at 50.48%, with 5.25% under FDI and the rest under FII. The company's shares closed ...
Outlook Business
23h
Zomato's Q2 FY25 Net Profit Jumps to Rs 176 Crore, Up 389% from Last Year
The company's board has approved a Rs 8,500 crore fundraising plan via a qualified institutional placement (QIP) of equity ...
2d
on MSN
Zomato under fire for selling ‘analogue paneer’ to restaurants: What is this fake cheese?
Zomato is facing backlash for selling ‘fake paneer’ to restaurants through its B2B business service, Zomato Hyperpure ...
22h
on MSN
India's Zomato misses Q2 profit estimates as expansion costs hit margins
India's Zomato reported a smaller-than-expected rise in second-quarter profit on Tuesday, hurt by a drop in margins, as it ...
7h
Hot Stocks: Brokerage view on Paytm, Zomato and Bajaj Finance
Nuvama has maintained a 'buy' rating on Zomato, raising the target price to Rs 325, citing growth momentum and faster Blinkit ...
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