
Zomato’s Q3 Shock: Net Profit Plunges 57% Amid Blinkit’s Costly Expansion, But Analysts See Silver Lining
The December quarter of FY25 brought mixed results for Zomato, as the food tech giant reported a significant 57% drop in net profit.In the same period last year, net earnings were ₹138 crore, while this year they were ₹59 crore. Even while the company’s consolidated sales increased by 64% year over year to ₹5,405 crore,…