Foodtech and quick commerce platform Zomato has released its financial results for the first quarter of the ongoing financial year (Q1 FY25). The Gurugram-based company reported an 18.1 per cent increase in revenue with a 44.6 per cent growth in profit.
Zomato's revenue from operations grew to Rs 4,206 crore in Q1FY25, showing consolidated financial results from the National Stock Exchange (NSE).
Zomato's food and delivery biz grew 11.7 per cent to Rs 1,942 crore in FY25, accounting for 46.17 per cent of its total collections. Revenue from Hyperpure Supplies (B2B) and Quick Commerce vertical (Blinkit) increased by 27.4 per cent and 22.5 per cent to Rs 1,212 crore and Rs 942 crore, respectively.
Zomato Group's total income rose to Rs 4,442 crore in Q1FY25 on the back of revenue from "going out" and other non-operating income.
Being a food tech major, the cost for delivery and associated charges constituted 31.6 per cent of the overall cost, which increased by 18.8 per cent to Rs 1,328 crore in Q1 FY25. The firm's expenditure on procurement, employee benefits, advertising and marketing has increased from Rs 3,636 crore in FY24 to Rs 4,203 crore in FY25.
At a unit level, the company spent Rs 0.99 to earn a rupee in Q1 FY25. With the steady gain in market cap, the food tech firm has provided an additional ESOP plan of $458 million to its employees.