BUSINESS

1

[{"selector":"#anim-fe05a72f-564d-4eec-bc10-1c31943cadbe","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-345bb9d3-628b-4434-894b-af3911248ec2","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0cfaa507-8d7b-4ef8-b13a-52d8df5bc5b8","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db19a2de-6fe9-4c7d-ab47-2fd2f69822e5","keyframes":{"transform":["translate3d(0px, 1020.88814%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

2

[{"selector":"#anim-b1931db1-f561-454a-98e7-de408bd6c322","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ddbc3b94-a720-478b-bf06-6993baa6a0cd","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da61e437-c4f6-4c35-a01d-40883d604588","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33308a45-f08b-4fd3-b3b4-a3f313e4bcd0","keyframes":{"transform":["translate3d(0px, 1020.88814%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

3

[{"selector":"#anim-f28695a6-0d77-4e6a-a53a-329660932ce7","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9407a9db-2f0b-4109-bc86-4e0d61189d75","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-809a3dec-204e-41a8-a13e-09a73edb0251","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-80ba29a2-eb36-4b6f-9aa8-1f91d6e5db98","keyframes":{"transform":["translate3d(0px, 1020.88814%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

4

[{"selector":"#anim-ec56b02d-e022-4372-8936-cb335427385a","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a7fd57c-4ad7-4f03-bde3-8202c4a9b726","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9196d4d9-4610-400e-863a-5d704edb0a71","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6251c83f-d56a-4f40-a892-69ea45aa1531","keyframes":{"transform":["translate3d(0px, 900.88844%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

5

[{"selector":"#anim-6a1a56d4-9c41-4b38-b677-30c45a703c9b","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-574ed72f-276c-4d96-bb2b-e7cf57a80afd","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e587b4c-97fe-41ac-9012-d1e731b326a0","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44037fdf-eb06-4ecc-9575-a88eb7c71abf","keyframes":{"transform":["translate3d(0px, 205.82440%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-af0a383b-b7b7-41b6-8da9-bbfd12740c72","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Zomato posts profit for the first time Read more about this here

[{"selector":"#anim-53699fbe-a2c7-4688-9559-13f6b5617661","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Click Here For more Business news click on the link below

BUSINESS

Zomato posts profit for the first time

1

Zomato's Q1 Profit

Zomato reports its first-ever quarterly profit of Rs. 2 crore in Q1 2023, with a 70.9% YoY revenue increase to Rs. 2,416 crore.

2

Early achievement

Initially targeting profitability in the next quarter, the company achieved it earlier due to cooling inflation and a strong loyalty program.

3

Strong growth forecast

Zomato anticipates 40% YoY topline growth for the next two years as it hopes to keep its business profitable.

4

Revenue segment breakdown

The food ordering and delivery segment contributed 56.8% of operating revenue, while Hyperpure and Blinkit also played significant roles.

5

Blinkit's profit milestone

Blinkit reached profitability in June 2023, and Zomato aims for an adjusted EBITDA breakout in quick commerce within four quarters.