ADVERTISEMENT
Zomato Q3 Results Review — Short-Term Pain, Long-Term Gain; Motilal Oswal Reiterates 'Buy' On The Stock
Zomato's food delivery business is stable, and Blinkit offers a generational opportunity to participate in the disruption of industries such as retail, grocery and e-commerce, adds the brokerage.
21 Jan 2025, 09:17 AM IST 
Save
Zomato reported Q3 FY25 net revenue of Rs 54 billion (+13% QoQ/64% YoY), in line with our estimate of +14% QoQ.
(Photographer: Usha Kunji/NDTV Profit)
Currently Zomato is going through a broad-based slowdown in demand, which started during the second half of Nov-24. Notwithstanding the current slowdown, management is positive about a recovery soon and remains confident of its long-term outlook of 20%+ yearly GOV growth in the business given the strong fundamentals.
