InvestorQ : How were the Zomato quarterly numbers and why did the loss widen in the quarter?
Dhwani Mehta made post

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

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Dilmini Mercia answered.
3 weeks ago
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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.

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