pakman schreef op 20 januari 2025 13:29:
Zomato Q3 Results Live Updates: Stock ends over 7% lower on food delivery slowdown.
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.
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Zomato expects losses to continue in near term
Akshant Goyal, CFO of Zomato, expects losses to continue in the near term. “As we continue to bring forward store expansion, our networks may have to carry a greater load of under-utilised stores which will impact near-term profits in the next one or two quarters. These investments will however also likely result in GOV growth remaining meaningfully above 100%, at least for FY25 and FY26.”