Zomato Q1 Highlights: Blinkit Steals The Show Again, Going-Out Vertical To Be Key Focus

Zomato Q1 Highlights: Blinkit Steals The Show Again, Going-Out Vertical To Be Key Focus

SUMMARY

Blinkit's GOV grew 130% YoY as against the 53% combined GOV growth Zomato witnessed across its B2C business

Contribution margin of Zomato’s food delivery vertical reduced slightly to 7.3% from the preceding quarter's 7.5%

Now, CEO Deepinder Goyal is eyeing making the going-out business Zomato's third largest B2C business

Emerging from its first profitable fiscal year in FY24, listed foodtech major Zomato continued its run on the profit lane in the first quarter of FY25. 

Zomato’s profit after tax (PAT) surged to INR 253 Cr in Q1 FY25 from INR 2 Cr in the Q1 FY24, which was its maiden profitable quarter. On a quarter on quarter (QoQ) basis, PAT grew nearly 45% from INR 175 Cr.

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