Zomato Shares Extend Losses For Fourth Day, Plunge 5% To INR 203.80

Zomato’s stock dropped 5.05% to INR 203.80, marking its fourth consecutive day of losses, with the share price declining over 12% in the last five trading sessions and now trading 31% below its 52-week high.

The decline follows disappointing Q3 FY25 results, with consolidated net profit falling 57.2% YoY to INR 59 Cr and core food delivery business growth (17% YoY) falling short of the 20%+ target.

Increased competition in quick commerce and rapid dark store expansion led to Blinkit’s losses increasing significantly, while…