Business

Growth’s for starters, Zomato must deliver profit in main course

By Dan Neff

Zomato, which was listed on the bourses in July, had delivered significant gains to investors on debut from its offer price of ₹76.

Synopsis

Zomato reported strong momentum in the topline for the June quarter notwithstanding the impact of the Covid second wave though at a wider operating loss compared with the previous quarter.

ET Intelligence Group: Zomato reported strong momentum in the topline for the June quarter notwithstanding the impact of the Covid second wave though at a wider operating loss compared with the previous quarter.

While the better than expected revenue growth should help the company to meet the FY22 topline estimates of analysts, sustaining the high stock valuation will also require a gradual reduction in the extent of losses.

Despite a severe

BY

ET Bureau

3 mins read, Last Updated:

  • GIFT ARTICLE
  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Special Offer on ET Prime

Get Flat 20% Off

ON ET PRIME MEMBERSHIP

Get Offer

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.

Dan Neff