Zomato’s quarterly loss widens to Rs 346 crore, revenue jumps 75%

Zomato’s consolidated revenue increased 75% to Rs 1,948 crore in the October-December quarter, while its loss increased fivefold to Rs 346 crore.

Excluding its quick commerce business Blinkit, the company reported an adjusted Ebitda, or operating loss, of Rs 38 crore. A year ago, the adjusted operating loss, which excludes interest, tax, depreciation, and amortisation, was Rs 272 crore. Even as Zomato’s management acknowledged a slowdown in the food delivery business following Diwali, with total orders falling, the company’s operating performance has improved.