On Thursday, foodtech and quick commerce platform Zomato announced its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The Gurugram-based company reported an 18.1% increase in revenue and a 44.6% growth in profits.
According to its consolidated financial results sourced from the National Stock Exchange (NSE), Zomato’s revenue from operations rose to Rs 4,206 crore in Q1 FY25, up from Rs 3,562 crore in Q4 FY24.
Zomato’s food and delivery business contributed 46.17% of the total revenue in Q1 FY25, growing 11.7% to Rs 1,942 crore. Meanwhile, revenue from its Hyperpure supplies (B2B) and quick commerce vertical (Blinkit) increased by 27.4% and 22.5%, reaching Rs 1,212 crore and Rs 942 crore, respectively.
Income from “going-out” activities and other non-operating income brought Zomato Group’s overall revenue to Rs 4,442 crore in Q1 FY25.
As a major player in the food tech sector, delivery costs and related charges made up 31.6% of the company’s overall expenditure, which increased by 18.8% to Rs 1,328 crore in Q1 FY25.
Thanks to its significant growth, Zomato recorded a 44.6% increase in profits, reaching Rs 253 crore in Q1 FY25, up from Rs 175 crore in Q4 FY24. On a unit basis, the company spent Rs 0.99 to earn each rupee in Q1 FY25.
With its consistently rising market cap, Zomato rewarded its employees with an additional ESOP plan worth $458 million.
Zomato’s initial public offering (IPO) opened at Rs 115, a 51% increase from its price band of Rs 76. As of 03:40 PM, the company’s current share price stands at Rs 237.9, with a total market capitalization exceeding $25 billion, which recently made its CEO, Deepinder Goyal, a billionaire.