Zomato tanks 12% in 2 days post Q3; analysts cut earnings, target estimates

Q: How long will it take to read this news story?

The story "Zomato tanks 12% in 2 days post Q3; analysts cut earnings, target estimates" has 846 words across 32 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Zomato tanks 12% in 2 days post Q3; analysts cut earnings, target estimates" was covered 10 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 281 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25307928</li><li>URL: https://beamstart.com/news/zomato-tanks-12-in-2-17374344735635</li></ul>

Business Standard Logo Business Standard 10h ago

Zomato tanks 12% in 2 days post Q3; analysts cut earnings, target estimates - Business Standard

Quick Summary:

Zomato share price: Factoring-in a muted performance in the December quarter (Q3FY25), analysts have cut their earnings estimates, coupled with share price targets, for Zomato.“While food delivery (FD) segment growth was sub-par in Q3, it is not the first time when the growth has disappointed.

Blinkit’s revenue increased 21 per cent Q-o-Q to Rs 1,399 crore with the segmental GOV up 27 per cent Q-o-Q to Rs 7,798 crore.

On its part, the management said though the company was going through a broad-based slowdown in demand, which started during the second half of November, it remains positive about a recovery soon and is confident in the long-term outlook of over 20 per cent yearly GOV growth in the business.