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This is the second consecutive quarter for Zomato reporting net profits. During the same period last year, the company’s losses stood at Rs 251 crore.
For Blinkit, contribution counts as revenue minus costs like store operation expenses, delivery costs, wastage and packaging costs, among other things. The firm retained its earlier guidance of breaking even in the quick commerce business by the first quarter of FY25.
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Zomato: Blinkit registered a three-fold jump in its revenue during FY2023. Its revenue from operations surged to Rs 724.2 crore in FY23 from Rs 236.1 crore in FY22.
The company's delivery and related expenses surged 140% from Rs 236 crore in FY22 to Rs 566 crore in FY23