Zomato Q3FY25 Results: Stellar Growth Across Verticals and Bold Expansion Plans

Mumbai, January 2025 – Food delivery giant Zomato has announced its Quarter 3 results for FY25, showcasing remarkable growth across its business segments while reaffirming its commitment to scaling operations and transforming consumer lifestyles.

Key Financial Highlights

• Consolidated Adjusted EBITDA surged by 128% YoY to INR 285 crore, driven by better food delivery margins.
• On a QoQ basis, EBITDA witnessed a 14% dip, reflecting Zomato’s significant investments in its quick commerce segment.
• Revenue Growth remained robust at 58% YoY (12% QoQ), reaching INR 5,746 crore.

Business Segment Performance

Food Delivery (Zomato)

Zomato’s flagship food delivery business continues to exhibit steady growth, with a 17% YoY increase in Gross Order Value (GOV). The company remains optimistic about maintaining 20%+ yearly GOV growth, citing strong business fundamentals.

Quick Commerce (Blinkit)

Zomato’s quick commerce arm, Blinkit, is a standout performer, achieving a remarkable 120% YoY GOV growth. The company has already established 1,007 dark stores, ahead of earlier guidance, and is on track to reach 2,000 stores by December 2025, a full year ahead of initial projections.

District by Zomato

The recently launched going-out vertical, District by Zomato, is gaining traction, with over 6.5 million downloads since its November 2024 debut. Zomato expects this business to maintain 40%+ YoY growth over the next few years.

Bistro App

Targeting the in-office market, Zomato launched the Bistro app, offering quick access to snacks and beverages within 15 minutes. The company is exploring opportunities to scale this platform, contingent on achieving product-market fit and profitability.

ESG Achievements

Zomato highlighted its commitment to social impact, with over 1.5 million delivery partners (DPs) working with the platform in 2024. Notably, the average monthly earnings for DPs who worked full-time rose to ~INR 28,000, reflecting the company’s focus on improving livelihoods.

Leadership Perspective

A Zomato spokesperson commented, “We are thrilled with the strides we’ve made this quarter. From accelerating growth across our core segments to investing in future opportunities like quick commerce and in-office solutions, we are building a stronger Zomato for the years to come.”

Looking Ahead

Zomato’s strategic investments and technological innovations position it for sustained growth. As the company continues to expand its footprint and explore new verticals, it remains committed to enhancing customer experiences and partner livelihoods.

_{Source: Zomato LinkedIn.}

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