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SUMMARY
Zomato’s stock dropped 5.05% to INR 203.80, marking its fourth consecutive day of losses, with the share price declining over 12% in the last five trading sessions and now trading 31% below its 52-week high.
The decline follows disappointing Q3 FY25 results, with consolidated net profit falling 57.2% YoY to INR 59 Cr and core food delivery business growth (17% YoY) falling short of the 20%+ target.
Increased competition in quick commerce and rapid dark store expansion led to Blinkit’s losses increasing significantly, while…
