Zomato Q3 Results Preview: Revenue may jump 66% YoY; rapid store additions to aid Blinkit growth
Revenue from operations in the third quarter is expected to grow 66% YoY, according to the average estimate of four brokerages, while profit after tax (PAT) may increase 55% YoY.
EBITDA for the quarter is projected to rise nearly 4x YoY, but may decline sequentially due to higher ESOP costs.
Blinkit is projected to post solid numbers, with revenues likely to more than double, driven by rapid store additions during the October-December 2024 period.
Here's what to expect from Zomato Q3 results
Nuvama
Zomato is expected to deliver 14% QoQ and 66% YoY revenue growth. Food delivery is projected to grow 21% YoY, while Blinkit is set to surge 110% YoY. The consolidated EBITDA margin is likely to contract by 60 bps QoQ, driven by higher competitive intensity in the quick commerce segment.
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