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

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

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

Zomato’s Q3 FY24 net profit jumped 283% to ₹138 crore, with 69% revenue growth showing solid momentum for the food-tech business.
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.

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.