Zomato, a food delivery business, had a 12% increase in its share price following the release of its impressive Q1 statistics.
Zomato’s share was up 13.34% at Rs 263 at 12:23 p.m. Zomato shares have reached a high of Rs 278 and a low of Rs 243 thus far in today’s trading session.
For the past year, Zomato’s stock has been soaring. The shares of a food delivery firm increased by 206% in the past year. Since the start of the year, it has returned 109%; during the last six months, it has returned 81%; and in the most recent month, it has returned almost 25%.
Zomato reported a 126-fold increase in net profit on Thursday, rising from Rs 2 crore in the same quarter last year to Rs 253 crore in the April-June quarter (Q1 FY25).
In Q1 FY25, the Deepinder Goyal-led company announced sales growth of 74% (year over year) to Rs 4,206 crore.
In Q1 of the financial year 2024–25, Zomato’s gross order value (GOV) climbed by 27% to Rs 9,264 crore. In comparison to the same period last year, the gross order value (GOV) of the fast-commerce startup Blinkit increased by 130% to Rs 4,923 crore.
“Building on the success of our dining-out company, there is room to further extend our going-out offering. Goyal stated, “We have already launched a few of the additional use cases for clients in the going out area, such as movies, sports ticketing, live performances, shopping, and staycations.
“If we execute this well, we see going out becoming the 3rd large B2C business emerging out of Zomato,” he stated.
As long as it continues to turn a profit, the company hopes to reach 1,000 Blinkit stores by March 2025 and 2,000 outlets by the end of 2026. The top 10 cities will include the majority of these stores.
Zomato, a food delivery business, had a 12% increase in its share price following the release of its impressive Q1 statistics.
Zomato’s share was up 13.34% at Rs 263 at 12:23 p.m. Zomato shares have reached a high of Rs 278 and a low of Rs 243 thus far in today’s trading session.
For the past year, Zomato’s stock has been soaring. The shares of a food delivery firm increased by 206% in the past year. Since the start of the year, it has returned 109%; during the last six months, it has returned 81%; and in the most recent month, it has returned almost 25%.
Zomato reported a 126-fold increase in net profit on Thursday, rising from Rs 2 crore in the same quarter last year to Rs 253 crore in the April-June quarter (Q1 FY25).
In Q1 FY25, the Deepinder Goyal-led company announced sales growth of 74% (year over year) to Rs 4,206 crore.
In Q1 of the financial year 2024–25, Zomato’s gross order value (GOV) climbed by 27% to Rs 9,264 crore. In comparison to the same period last year, the gross order value (GOV) of the fast-commerce startup Blinkit increased by 130% to Rs 4,923 crore.
“Building on the success of our dining-out company, there is room to further extend our going-out offering. Goyal stated, “We have already launched a few of the additional use cases for clients in the going out area, such as movies, sports ticketing, live performances, shopping, and staycations.
“If we execute this well, we see going out becoming the 3rd large B2C business emerging out of Zomato,” he stated.
As long as it continues to turn a profit, the company hopes to reach 1,000 Blinkit stores by March 2025 and 2,000 outlets by the end of 2026. The top 10 cities will include the majority of these stores.
