Industry giant and one of the pioneers of food delivery applications in India, Zomato’s quarterly results are live for Q3 25.
Keeping its winning green streak, Zomato’s numbers are showing growth. Blinkit, Zomato’s grocery-delivery acquisition, recently added 1000 stores (ahead of its target by one quarter).
Zomato in 2024 has ventured into new arenas like on-app medical assistance and outdoor events. And has more things planned.
Zomato Financials
Here’s a snapshot of Zomato’s financial performance, highlighting key metrics for Q3 FY25, and Q2 FY25, along with their quarter-over-quarter (Q-o-Q) and year-over-year (Y-o-Y) growth. The table below provides a detailed comparison of these financial figures.
| Metric | Q3 FY25(₹ in crore) | Q2 FY25(₹ in crore) | Q-o-Q Growth | Q3 FY24(₹ in crore) | Y-o-Y Growth |
| Total Revenue | ₹5,405.00 | ₹4,799.00 | 12.63% | ₹3,288.00 | 64.39% |
| Selling/General/Admin Expenses | ₹1,210.00 | ₹772.00 | 19.68% | ₹1,206.00 | 51.82% |
| Depreciation and Amortisation | ₹247.00 | ₹180.00 | 37.22% | ₹128.00 | 92.97% |
| EBITDA | ₹285 | ₹330 | – 14% | ₹125 | 128% |
| EBITDA Margin | 4.3% | 9.31% | -501 bps | 1.6% | 270 bps |
| Total Operating Expense | ₹5,533.00 | ₹4,783.00 | 15.51% | ₹3,383.00 | 63.15% |
| Operating Income | -85.00 | -175.00 | 0.00% | -77.00 | 10.39% |
| Net Income Before Taxes | ₹124.00 | ₹237.00 | -47.68% | ₹124.00 | 0.00% |
| Net Income | ₹59.00 | ₹176.00 | -66.48% | ₹138.00 | -57.25% |
| Diluted Normalised EPS | 0.06 | 0.20 | -70.00% | ₹0.16 | -62.50% |
Highlights
- Total Revenue: Increased by 64% to ₹5,405 cr in Q3 FY25, driven by festive periods like Christmas and Deepavali.
- Net Income: Decreased by 57% to ₹59 cr in Q3 FY25, primarily due to increased competition and higher expenses related to expanding Blinkit’s fulfillment centers.
- Total Operating Expense: Increased by 15.51% from Q2 FY25 and 63.15% from Q3 FY24, due to higher costs associated with Blinkit’s expansion.
- Operating Income: Improved by 10.39% from Q3 FY24, but remained negative, indicating ongoing operational challenges.
Zomato in the Markets
Conclusion
Zomato’s Q3 FY25 results reflect strong revenue growth fueled by seasonal demand, but rising costs and competitive pressures have impacted profitability. While the company continues to expand its operations, particularly with Blinkit, the increasing expenses have weighed on margins.
Despite improvements in operating income, sustaining profitability remains a key challenge. Moving forward, Zomato’s focus on cost efficiency and strategic expansion will be critical in navigating the evolving food delivery landscape.
