ICICI Securities has said that Zomato may have lost market share in the food delivery segment in Q3 FY25 amid rising ...
The restaurant body is also mulling legal action against both foodtech majors over the launch of 10-minute food delivery ...
Zomato announced their Q3 earnings and the stock has tanked over 7% before the final bell. The net profit slipped by 57.2% at ...
Zomato CEO Deepinder Goyal issued an apology and vowed to remove the extra fee charged to customers for vegetarian deliveries ...
For the food and grocery delivery giant, the number of monthly transacting customers for the October-December quarter fell to ...
In the letter, a copy of which has been seen by ET, Goyal addressed issues related to reducing food delivery timelines, ...
After you open and login to the Zomato app, look up your favorite restaurant. Peruse its menu. Find a dish you love or ...
In the food delivery segment, it sees a mild downside to consensus forecast of 20 per cent 3-year GOV CAGR and 4.5-5 per cent adjusted Ebitda margin for FY26-28. Macquarie said it regards Zomato ...
“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.
Moreover, according to experts at JM Financials, Zomato is the only major hyperlocal delivery company in the country that, at a consolidated level, is generating free cash flows without ...
Zomato’s share price plunged around 10 per cent in early trade on Tuesday after the Indian-headquartered food delivery giant reported a sharp drop in net profit. Zomato is a food delivery and ...
Zomato sees Blinkit as a core growth driver and potentially a larger business than its core food delivery operations. In April 2023, Blinkit’s implied valuation even surpassed Zomato’s.