Zomato Q3 Results: Profit Down 66%, Misses Estimates | Zomato Share Price Tanks
Zomato announced their Q3 earnings and the stock has tanked over 7% before the final bell. The net profit slipped by 57.2% at Rs. 39 Cr versus Rs. 138 Cr (Cons, YoY). Apart from food delivery, the company's focus on its quick commerce business, Blinkit is significant as 216 new stores were added in Q3. NDTV Profit's Mahima Vachhrajani & Hersh Sayta breakdown the key details of Zomato's Q3 earnings.
