Home / Companies / News / Zomato's loss eases to Rs 186 cr in Q1; revenue up 67% to Rs 1,413 cr

Zomato's loss eases to Rs 186 cr in Q1; revenue up 67% to Rs 1,413 cr

Revenue for the June 2022 quarter came in at Rs 1,413.9 crore, up 67.45 per cent YoY and 16.7 per cent quarter-on-quarter (QoQ)

Zomato is among the two largest players in India’s food delivery business

Premium

Zomato in a release said revenue growth was driven by a 10 per cent QoQ jump in gross order value (GOV) to Rs 64.3 billion in Q1FY23

Shivani Shinde Mumbai

2 min read Last Updated : Aug 02 2022 | 12:42 AM IST

Food aggregator Zomato reported a consolidated loss of Rs 186 crore in the first quarter of 2022-23. Its losses eased on both year-on-year (YoY) and sequential bases. The company’s consolidated loss was Rs 359 crore in Q1FY22 and Rs 359.7 crore in Q4FY22.

Revenue for the June 2022 quarter came in at Rs 1,413.9 crore, up 67.45 per cent YoY and 16.7 per cent quarter-on-quarter (QoQ).

Zomato in a release said revenue growth was driven by a 10 per cent QoQ jump in gross order value (GOV) to Rs 64.3 billion in Q1FY23, and also growth in revenue per order.

Topics : Zomato Q1 results

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in