Zomato Annual - Report [verified]
The company delivered record-breaking numbers in FY25, characterized by massive revenue scaling and improved bottom-line health. FY 2024-25 Figure Year-on-Year (YoY) Growth ₹20,243 Crore +67% Net Profit (PAT) ₹527 Crore +50% Adjusted EBITDA ₹1,079 Crore +190% Cash Reserves ₹4,860 Crore Core Business Segments 1. Food Delivery: The Cash Cow
(Excellent transparency, but concerning underlying trends). zomato annual report
Hyperpure has become a vital vertical by supplying fresh ingredients and kitchen staples to restaurant partners. Hyperpure has become a vital vertical by supplying
| Strategy | What the Report Says | The Unanswered Question | | :--- | :--- | :--- | | | “Exited non-core international markets (UAE, etc.) to focus on India.” | How will you diversify risk? India’s regulatory whims are a single point of failure. | | AI & Automation | “Investing in AI for customer support and delivery routing.” | No specific R&D spend figure. Is this real or just investor bait? | | Blinkit vs. Zepto/Dark | “We have a 2-hour delivery advantage over e-commerce.” | Zepto is growing faster. What’s your structural advantage? (Price? Selection?) | | Profitability vs. Growth | “We can turn EBITDA positive tomorrow by cutting growth spend.” | Then why haven’t you? This implies you still don’t trust the model’s unit economics. | | | AI & Automation | “Investing in
For Zomato Limited, the fiscal year 2023-24 (FY24) will likely be remembered as a watershed moment. After years of burning cash to capture market share in a hyper-competitive environment, the company finally turned the corner. The annual report for FY24 tells a story of
The report discloses payments to a “strategic advisory firm” owned by a relative of a board member. The amount is small (<₹2 crore), but in a post-Byju’s world, investors are hypersensitive. The report could have been more proactive in justifying the vendor selection process.
The loyalty program reached 12.1 million active members by March 2025, driving high order frequency. 2. Blinkit (Quick Commerce): The Hyper-Growth Engine