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India's Zomato misses Q2 profit estimates
India's Zomato misses Q2 profit estimates as expansion costs squeeze margins
India's Zomato reported a smaller-than-expected rise in profit for the second quarter on Tuesday as margins took a hit from investments on growing "dark stores" used to fulfill online orders on its Blinkit quick commerce platform.
Zomato Q2: Blinkit is under margin pressure due to store expansion
Zomato does not expect any significant improvement in the operating profit margins in the near term given the rollout of stores and warehouse infrastructure.
LIVE
Business News LIVE Updates Today October 22, 2024: Zomato misses Q2 profit estimates, hurt by store expansion costs
Zomato reported a nearly five-fold profit increase to 1.76 billion rupees but missed forecasts. The firm is raising 85 billion rupees via shares a
India's Zomato misses Q2 profit estimates as expansion costs hit margins
India's Zomato reported a smaller-than-expected rise in second-quarter profit on Tuesday, hurt by a drop in margins, as it added more distribution centres to grow its quick commerce platform Blinkit.
Zomato's Q2 Net Profit Skyrockets Nearly 5 Times To ₹176 Cr But Misses Analysts' Estimates
Food delivery giant Zomato‘s posted its second-quarter results on Tuesday, which showed its profits skyrocketing by nearly 400%. What Happened: Zomato posted a net profit of ₹176 crore in the July to September period,
LIVE
The Financial Express
6h
Q2 Results 2024: Paytm, Adani Green, Zomato, Varun Beverages, Shoppers Stop, others releasing Q2 report today
Today, companies like Bajaj Finance, Adani Green Energy Limited, Zomato, Varun Beverages, ICICI Prudential Life Insurance ...
Business Wire
13h
Logitech Announces Q2 Fiscal Year 2025 Results
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today ...
ktvq
4h
Q2 Billings Area Weather: A cooler Tuesday
BILLINGS — A cold front passing through the area will cool daytime temperatures down on Tuesday with highs in the mid-50s to ...
35m
Shoppers Stop Q2 results: Net loss at Rs 20.59 crore on sluggish demand
The department store chain saw subdued demand during the second quarter due to fewer wedding dates, extended rains and ...
Channel NewsAsia Singapore
40m
Indian fintech Paytm's Q2 results show regulatory woes still haunt, shares drop
India's Paytm barely slowed its revenue decline in the second quarter, while its user base dwindled in its key digital ...
ktvq
17h
Q2 Billings Area Weather: Suddenly it looks like a better chance for rain midweek
A slight chance for showers overnight tonight. But a bit better chance for at least light rain is Wednesday night and ...
1h
Bajaj Finance reports strong Q2 FY25 results, posts 13% growth in PAT
Bajaj Finance Ltd reports robust Q2 FY25 results, showcasing strong growth in profits, AUM, and customer base.
cnbctv18
4h
Olectra Greentech Q2 Results | Electric bus pioneer sees 156% jump in net profit, revenue up 71%
Olectra Greentech reported a 156.45% YoY jump in net profit at ₹47.7 crore for the second quarter that ended September 30, ...
1h
Sluggish capex, war on pricing dragged loan growth in Q2: Union Bank CEO
Sluggish capex demand from corporates and a 'war on pricing' in the market to sign up big borrowers brought down the targeted ...
21m
Q2 announces expanded partnership with AWS to accelerate banking innovation
Q2 Holdings (QTWO) announced an expanded strategic partnership with Amazon Web Services (AMZN) to continue driving innovation for its bank, ...
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