Zomato, the foodtech and quick commerce platform, reported its financial results for Q3 FY24, revealing significant growth and profits. With a 15.4% increase, the company's revenue reached Rs 3,288 crore, marking a 3.8X jump in profits to Rs 138 crore. Notably, its food ordering and delivery business contributed over half of the revenue, while other segments like Hyperpure and Blinkit also saw notable growth.
Moreover, non-operating income further bolstered its overall revenue. Despite increased expenses, including delivery charges and advertising, Zomato's profitability surged.