Zomato likely to post robust Q2 nos with 7x increase in PAT, say analysts

Quick Summary:

Additionally, Hyperpure’s-- wholesale restaurant supply business of Zomato--adjusted revenue is estimated to grow by 20 per cent Q-o-Q/95.2 per cent Y-o-Y in Q2FY25E.

ICICI Securities: Analysts at ICICI Securities estimate Zomato’s food delivery gross order value (GOV) to grow by 6 per cent Q-o-Q and 23 per cent Y-o-Y while Blinkit’s GOV is estimated to grow by 20.1 per cent Q-o-Q and 114.1 per cent Y-o-Y.

Overall, adjusted revenue growth is expected to grow 13.1 per cent Q-o-Q and 57.7 per cent Y-o-Y.

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Category: BusinessFinance

Markets: India

Topics: Zomato q2 preview Zomato shares Bse sensex Q2 results Zomato share price Zomato profit Nse nifty Zomato q2 results

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Article Type: News Report

Published On: 2024-10-21 @ 10:15:16 (5 hours ago)

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News Source URL: business-standard.com

Language: English

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News ID: 23147180

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