.Representative imageFood delivery provider Zomato on Tuesday stated 389% growth in its own consolidated net revenue at Rs 176 crore in the second quarter, compared with Rs 36 crore a year back. However, the dab missed the Street estimate of Rs 260 crore.Revenue from operations increased 68% year-on-year (YoY) to Rs 4,799 crore in the reporting period.The bottomline growth was driven by a steady boost in food items shipping margins as well as easy commerce organization continuing to continue to be around break-even. Readjusted EBITDA for the disclosing fourth also increased manifold to Rs 331 crore versus Rs 41 crore in the same duration last year.The gross order value (GOV) development across the B2C businesses strengthened to 55% YoY to Rs 17,670 crore in Q2FY25.
On a like-for-like manner (leaving out the effect of the achievement of Paytm’s home entertainment ticketing business) GOV development was 53% YoY.Segment-wise, the food distribution company clocked modified earnings development of 21% YoY to Rs 2,340 crore. The GOV for the segment advanced 21% YoY to 9,690 crore.Adjusted EBITDA for the portion surged 137% YoY to Rs 341 crore. Margins for the meals delivery company improved to 3.5% in the 2nd one-fourth versus 2.6% a year back.
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