Along with exceptional performance, this company has combined smartness in food delivery.
Zomato: The leading online food delivery company Zomato (Zomato) has suffered losses. This company, which suffered a loss of Rs.347 crore in the third quarter of last year, has made a net profit of Rs.138 crore this time. Along with exceptional performance, this company has combined smartness in food delivery. As a result, Thursday ended with a profit of 2.42 percent, and Friday's profit increased by 4 percent. A total of 52-week highs have been reached. There are several reasons why Zomato was at a point of collapse.
Zomato has recently released its results for the quarter of December 2023-24. The CEO of the company Deepinder said that the income has increased by Rs.1,948 crores through their activities. He announced that the total has increased by 69 percent to Rs.3,288 crore. However, delivery costs increased by 63 percent to Rs 1,068 crore, he said. Also, 7 percent has been spent on marketing expenses.
The company has undertaken reforms after witnessing huge losses last year. She used every chance she got. As part of this, the company made large-scale deliveries during the New Year celebrations. Also it has been successful in serving in time without receiving any complaints from the customers. As a result, Zomato customers have increased day by day.
On the one hand, restaurants have taken strategic steps to protect the interests of stakeholders and on the other hand, to win the hearts of consumers. It is expected to grow by 50 percent in the coming quarter. Zomato shares opened with gains on Friday. Currently, its share has increased from Rs.190 to Rs.205. It rose more than 4 percent in early trade on Friday. BSE gained 4.34 percent to touch a new high of Rs 150.