
Zomato has reported its fourth consecutive profitable quarter, posting a net profit of Rs 175 crore for Q4 FY24, marking a 27% increase. The company's revenue surged by 73% during the same period. Additionally, Zomato's subsidiary Blinkit turned adjusted EBITDA positive in March, with its year-on-year Gross Order Value (GOV) growth at 97%, outpacing the 28% growth in food delivery. Despite the positive results, Zomato's profit pace lagged behind street expectations. The company plans to continue reinvesting in its business.
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#Q4WithETNOW | "Will keep reinvesting in business" Zomato mgmt after announcing a 27% jump in profit in Q4FY24 @zomato https://t.co/ppkx53LpaG






