Zomato first quarter net loss narrows to ₹186 crore, mulls parent entity
The New Indian Express|August 02, 2022
ONLINE food delivery platform Zomato on Monday posted ₹185.7 crore consolidated net loss in the first quarter of this fiscal compared to a loss of ₹356.2 crore in the same quarter last year.
Zomato first quarter net loss narrows to ₹186 crore, mulls parent entity

Its consolidated revenue from operations in the June quarter stood at ₹1,413.9 crore, an increase of 67% as against ₹844 crore in the year-ago period.

Its food delivery business has hit break-even in the first quarter. "On the profitability front, the food delivery business hit an important milestone last quarter by getting to adjusted EBITDA break-even,' said Zomato CFO Akshant Goyal.

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