Q3 Profit Surge: Zomato Posts ₹138 Crore on 69% Revenue Rise, Reinforcing Sector Upside

Food-tech leader Zomato reported a Q3 FY24 net profit of ₹138 crore, representing a 283% year-on-year increase, while revenue jumped 69% to ₹[figure missing] crore. The performance underscores strong consumer demand, improved monetisation and operational execution in India’s digital-food space. Management highlighted growth in suburban orders and subscription services as key drivers.

 Analysts believe the results validate the food-tech growth narrative and justify higher valuations for scaling platforms, though competition and logistic cost pressures remain watch-points for investors assessing sustainability of margins.