Zomato posted a consolidated net profit of Rs 176 million in Q2 FY25, a five-fold jump from Rs 36 million in the corresponding quarter of the previous year. Consolidated operating revenue increased by 69% to Rs 4,799 million. The company’s board also received approval to raise up to Rs 850 billion through issue of shares with qualified institutional investors, it said in a regulatory filing.
Management said revenue (adjusted EBIDTA) continues to improve due to steady increases in food delivery margins and the quick commerce business continues to remain near breakeven.
Commenting on the funding move, Zomato Founder and CEO Deepinder Goyal said, Considering the competitive environment and the much larger scale of our business today, we believe that capital alone does not entitle anyone to victory (and that the quality of service is a key determinant of success). (we believe this is a factor), we want to ensure that we are on a level playing field with our competitors who continue to raise additional capital. ”
“We also have no plans for minority investments or acquisitions. This financing is aimed at strengthening our current balance sheet,” he added.
Total order amount
Zomato announced that the total order book across its B2C business improved by 55% year-on-year to Rs 17,670 crore. Food delivery GOV increased 21%, while the quick commerce business reported 122% year-over-year growth in GOV. Under Blinkit, 152 net new stores and 7 warehouses were added in Q2 2025.
He also said that a new platform for integrating out-of-home services, the District app, will be launched within four weeks. “Our cash balance decreased by Rs 1,726 crore compared to the previous quarter due to the transaction consideration (Rs 2,014 crore) associated with the acquisition of Paytm’s entertainment ticketing business,” it added.
