Zomato preview: Experts expect Q1 loss to narrow; revenue may rise 59% YoY

Zomato Q1FY23 preview: Online food delivery giant Zomato is expected to clock revenue growth up to 59 per cent year-on-year (YoY) to Rs 1,342 crore in June quarter results (Q1FY23), on the back of higher orders and take rates. The food delivery platform is slated to report their June quarter results on Monday, August 1.

Analysts expect the Gurgaon-based firm’s net loss to contract to Rs 315 crore in Q1FY23 from Rs 360.7 crore in the year-ago period. The company’s Ebitda loss is expected to widen 6.9 per cent YoY to Rs 402 crore from Rs 376.5 crore in Q1FY22. However, sequentially, steady orders and higher revenue mix is expected to drive reduction in Ebitda loss from Rs 449.7 crore in Q4FY22.