How were the Zomato quarterly numbers and why did the loss widen in the quarter?

It was not a great quarter for Zomato on the bottom line front although the top line continued to grow at a frenetic pace. Zomato reported a wider net loss for Sep-21 quarter at Rs.430 crore. The losses were the result of higher cost of servicing the core clientele. Overall, Zomato spent more on branding / promotion, expanding its presence to smaller geographies and also faced higher delivery costs due to a sharp surge in fuel prices.

However, the top line numbers continued to flatter for Zomato. Revenues for the quarter were up 21% quarter on quarter at Rs.1,024 crore. Zomato is currently in the midst of a major revamping of operations. Zomato has already shut down its nutraceuticals business but had recently picked up a $100 million stake in Grofers. On the top line front, even customer traffic on Zomato platform rose 31% to 5.90 crore virtual footfalls in Q2.