Zomato Ltd released its financial results for the fourth quarter of FY25 on Thursday, May 1, 2025.
In Zomato Q4 results, the company posted a consolidated net profit of ₹39 crore. This marks a significant year-on-year (YoY) decline of 78% from ₹175 crore reported in the same quarter of the previous fiscal year.
For the final quarter of FY25, Zomato Ltd recorded a YoY growth of 63.7% in its revenue from operations, reaching ₹5,833 crore, up from ₹3,562 crore in the corresponding quarter last year.
The company reported a strong performance with its topline (adjusted revenue) growing steadily at 60% year-on-year. However, the bottom line (adjusted EBITDA) saw a 15% year-on-year decline, settling at ₹165 crore.
Zomato Ltd. Q4 Results Highlights
In this table, you will get an overview of Zomato latest quarterly results:
| Q4 FY2024-25 | Q3 FY2024-25 | Q4 FY2023-24 | YoY Growth (%) | QoQ Growth (%) | |
| Total Income (₹ in crore) | ₹6,201 | ₹5,657 | ₹3,797 | 63.3% | 9.6% |
| Net profit (₹ in crore) | ₹39 | ₹59 | ₹175 | -77.7% | -33.9% |
| EPS (Diluted) | ₹0.04 | ₹0.06 | ₹0.2 | -80% | -33.3% |
Zomato Ltd’s Financial Results Comparison With the Previous Year
Here is a table of annual data comparison of Zomato Q4 2025 results:
| FY 2024-25 | FY 2023-24 | |
| Total Income (in crore) | ₹21,320 | ₹12,961 |
| Net profit (in crore) | ₹697 | ₹291 |
| EPS | ₹0.6 | ₹0.4 |
Key Updates Shared By Zomato in Latest Financial Results
During the announcements of Zomato Q4 results, the company’s management provided answers to some questions that investors may ask:
Key Highlights
These are some of the important highlights in Zomato latest results:
- Blinkit achieved a milestone by adding a record 294 net new stores during the quarter and remains on track to reach 2,000 stores by December 2025.
- In the food delivery segment, Gross Order Value (GOV) and Number of Orders (NOV) grew 16% and 14% year-on-year, respectively, though both saw a slight quarter-on-quarter decline of 1% and 3%.
- Despite this, the adjusted EBITDA margin as a percentage of GOV continued its upward trend, improving by approximately 110 basis points year-on-year to 4.4% in Q4FY25, with a marginal 10 bps dip quarter-on-quarter.
Summary of QIP
In the Zomato results note, the company said that it allotted 336,473,755 Equity Shares of face value ₹1 each to eligible Qualified Institutional Buyers (QIB) at an issue price of ₹252.62 per Equity Share (including a premium of ₹251.62 per Equity Share).
The total amount is aggregating to ₹8,500 crores, under Qualified Institutional Placement (QIP) by the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations (the “SEBI ICDR Regulations”).
GST Demand Orders and Legal Response By Zomato (Eternal)
During the quarters ended December 2024 and September 2024, the Company received GST demand orders totalling ₹420 crores; ₹401 crores from Maharashtra and ₹19 crores from West Bengal related to delivery charges collected between October 2019 and March 2022.
The Company has filed appeals against both orders and, based on independent expert advice, believes it has a strong case. No further notices have been issued for periods beyond March 2022.
Acquisition of Movies and Events Businesses
As per the Q4 Zomato results, Eternal Limited (formerly Zomato Limited) completed the acquisition of Orbgen Technologies Private Limited (OTPL) and Wasteland Entertainment Private Limited (WEPL) – operators of the ‘Movies Ticketing’ and ‘Events’ businesses, respectively, from One 97 Communications Limited.
The transaction involved secondary share purchases worth ₹758 crores and a primary infusion of ₹1,260 crores, with post-adjustment total consideration amounting to ₹2,014 crores.
Expected Capital Deployment for Inventory Ownership
Mr. Akshant Goyal, the Chief Financial Officer at Zomato, stated that if Blinkit were to fully own its inventory in FY25, the working capital requirement would be under ₹1,000 crore—approximately 5% of the projected FY25 NOV of ₹22,000 crore due to high inventory turnover in quick commerce.
The company anticipates that such investments will remain relatively low in the context of its scale and will generate strong returns on capital employed (ROCE) due to associated growth and margin benefits.
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