Zomato on Monday announced its Q4 FY25 results with a 63.8% year-on-year (YoY) surge in revenue from operations at ₹5,833 crore, compared to ₹3,562 crore in the same quarter last year. Total income stood at ₹6,201 crore, up 63.3% YoY, while total expenses rose 67.9% to ₹6,104 crore. However, profit before tax dropped 39.8% to ₹97 crore and net profit plummeted 77.7% to ₹39 crore YoY.
The company also saw a decline in EBITDA, which came in at ₹72 crore—down 16.3% YoY—with EBITDA margin slipping to 1.2% from 2.4% last year. For the food delivery business, Gross Order Value (GOV) grew 16% YoY to ₹9,778 crore, while Adjusted EBITDA as a percentage of GOV stood at 4.4%.
In the quick commerce segment (Blinkit), GOV surged 134% YoY to ₹9,421 crore and revenue jumped 122% YoY to ₹1,709 crore. However, adjusted EBITDA losses widened to ₹178 crore compared to ₹37 crore loss in Q4FY24.
During the earnings call, CFO Akshant Goyal highlighted that competition in the quick commerce space is expected to intensify further in the near term, especially from next-day delivery players investing in faster deliveries outside grocery categories. “While this doesn’t change our long-term optimism, we will see sustained competitive intensity in the short term,” he said.
CEO Albinder Dhindsa added that the company’s focus will be on improving delivery consistency, expanding product categories, and increasing its physical and logistical footprint. Zomato reiterated that profitability isn’t a short-term priority. “We remain confident of achieving 5-6% steady-state profitability (as a % of NOV) and will continue investing in scale,” said Dhindsa.
The company also acknowledged a growing shift in strategy post-shareholder approval, noting its evolution as an Indian Owned and Controlled Company (IOCC). This gives Zomato the flexibility to hold inventory directly and strengthens its position against peers in quick commerce.
Zomato’s guidance remains firm on long-term value creation despite near-term earnings pressure.
