1/8/2024, 4:01:03 pm

Zomato Q1 Net Profit Rises Over 100 Times To ₹253 Cr, Beats Estimates

Zomato's net profit rose over 100 times to ₹253 crore in the first quarter, beating analyst expectations. Revenue grew 74% to ₹4,206 crore, driven by a 44.6% increase in the food delivery segment and a 25% jump in Blinkit's revenue. The company's share price rose 1.56% to ₹233.03 following the results.