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 does not expect any significant improvement in the operating profit margins in the near term given the rollout of stores and warehouse infrastructure.

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,

Indian food and grocery delivery firm Zomato reported a smaller-than-expected rise in second-quarter profit on Tuesday as the company added more new stores, which weighed on margins. Its consolidated net profit rose to 1.