Zomato Achieves First Quarterly Profit with Strong Revenue Growth

That’s great news! Zomato reported its first quarterly profit of 20 million rupees for the quarter ended June 30, with strong orders on its food delivery and quick commerce platforms contributing to its success. The company’s consolidated revenue from operations also saw significant growth, rising by 70.9% to 24.16 billion rupees. This surpassed analysts’ average estimate of 22.86 billion rupees.