Last month, Blinkit's operations were disrupted to ensure safety of its employees at stores and delivery partners, after it made changes to the payout structure of Blinkit delivery partners. Zomato's results come a day after rival Bundl Technologies Pvt Ltd, known as Swiggy, said that its food delivery business turned profitable in March. Revenue is the amount of money a business takes in for sales of its products or services before any expenses are taken out. Zomato's consolidated net loss also narrowed to 1.88 billion rupees from 3.47 billion rupees a year earlier. Here are our Top 15 most commonly applicable metrics and KPIs: Revenue. The chart above represents Converse Countys total revenue from fiscal years 2015 - 2021. The company said its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), excluding Blinkit, turned positive in the quarter. Gross order value (GOV), the total value of all orders placed online, rose 12.23% year-on-year in its food delivery business, and its quick commerce business Blinkit saw a 17% quarter-on-quarter increase.
Total expenses rose nearly 43% in the quarter.Ĭhief Financial Officer Akshant Goyal in a statement said that a shorter quarter and the company shutting down in around 225 cities, along with higher marketing spends, resulted in a fall in monthly transacting customers in the quarter. However, analysts on average had expected a consolidated revenue of 20.7 billion rupees, according to Refinitiv IBES data.
The company's consolidated revenue from operations for the quarter ended March 31 rose 69.7% to 20.56 billion rupees due to better ad monetisation and higher customer delivery charges during the quarter, it said in an exchange filing. BENGALURU, May 19 (Reuters) - Indian food delivery firm Zomato Ltd (ZOMT.NS) on Friday reported a smaller-than-expected rise in its fourth-quarter revenue, weighed by a jump in strategic expenses.
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