Zomato posts profits for second consecutive quarter; Q2 profit at Rs 36 crore
Zomato, the food delivery firm, reported net profits of Rs 36 crore in the September quarter, its second consecutive profitable quarter. Revenues increased by 67% year-on-year to Rs 3,060 crore, aiding profitability.“The growth momentum we witnessed in Q1FY24 continued in Q2FY24 driven by healthy growth across all our businesses,” founder and CEO Deepinder Goyal said in a letter to shareholders on Friday. Blinkit’s GOV stood at Rs 2,760 crore in Q2
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