Outlook Business Desk
India's e-commerce sector is expected to grow from $123 billion in 2024 to $300 billion by 2030. With over 950 million internet users in the country, the number of online shoppers is projected to reach 500-600 million by 2030, significantly transforming the retail landscape
Zomato has a market capitalization of Rs 2.92 lakh crore. The company’s shares were trading at Rs 303.45 per share, reflecting a slight increase of 0.15% compared to the previous closing.
Zomato's revenue grew by 68%, rising from Rs 2,848 crore in Q2FY24 to Rs 4,799 crore in Q2FY25. Net profit surged by 389%, increasing from Rs 36 crore to Rs 176 crore, highlighting significant growth in both revenue and profitability
Zomato's revenue breakdown is as follows: 42% comes from food ordering and delivery, 31% from Hyperpure supplies, 24% from quick commerce, 3% from going out and 0.08% from other sources
Zomato is facing growing competition in the quick commerce sector, particularly with Flipkart's entry. CFO Akshant Goyal emphasised the company's focus on prioritising its business and scaling up, despite the increasing competition
Zomato expanded by launching 152 stores and seven warehouses in new cities, with a significant portion of its capital expenditure directed towards this growth. The company remains focused on the top eight cities while cautiously exploring newer markets, evaluating their viability and potential
Zomato's quick commerce Average Order Value rose to Rs 660, driven by better weather conditions and a broader product assortment. Blinkit, Zomato's quick commerce arm, is diversifying into beauty, electronics and toys, while also enhancing the customer experience
Zomato's management remains optimistic about growth despite economic challenges, with no negative impact on its food delivery segment. Zomato operates in 23 countries, including the UAE, Australia, the USA and several European and Southeast Asian nations
Zomato connects users, restaurant partners and delivery partners through its platform. It helps restaurant partners market their services to target audiences both in India and internationally, while also supplying ingredients to these partners