Zomato posts net profit of ₹175 crore in Q4

Food delivery platform Zomato posted a consolidated net profit of ₹175 crore in the March quarter. It had posted a net loss of ₹188 crore in the corresponding period in the previous fiscal. Consolidated revenue from operations stood at ₹3,562 crore, up 73 per cent for the quarter under review.

The company said Blinkit turned “adjusted EBIDTA positive” in March. The quick commerce platform added 75 new stores in Q4FY24, taking the total store count to 526. It added that 100 more stores are expected to be added in the current quarter (Q1FY25), with the aim of getting to 1,000 stores by the end of FY25.