According to Zomato’s annual report, in the last year 2021-22, the company was running food ordering and delivery business in more than 1,000 cities of the country. which is now limited. Goyal said that we had to do this because of the poor performance of these (225) cities in the last few quarters. Get out of these cities. Will moving out of these cities have any impact on the company’s cost? Regarding this, Goyal said that it will not have much effect.
Revenue grew 75 per cent to Rs 1,948 crore in the October-December quarter. At the same time, the loss of the company has increased 5 times to Rs 346 crore. On a year-on-year basis, the company’s revenue has witnessed a growth of 30 per cent for the period of 3 months ended 31st December. Earlier Zomato posted an adjusted revenue of Rs 1,581 crore in the September quarter and Rs 1,565 crore as compared to Rs 1,200 crore in the quarter ending December 2021.
The company’s scrip fell 1.47 per cent to Rs 53.60 on the BSE in Friday morning trade. It has fallen 1.38 per cent to Rs 53.65 on the NSE. Meanwhile, the 30-share BSE Sensex was trading 118.15 points or 0.19 per cent lower at 60,688.07.