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Zomato Q2 results: Consolidated net loss widens to Rs 435 cr

Consolidated revenue from operations rose 140% to Rs 1,024 cr; food delivery platform says the delivery cost per order increased by Rs 5 per order in Q2

Zomato
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Zomato said it has 1.5 million members and over 25,000 restaurant partners in India as at the end of Q2FY22

BS Web Team
Zomato Ltd on Wednesday reported quarterly revenue that more than doubled as orders on its food delivery business zoomed, while higher expenses caused losses to balloon.

Zomato's consolidated net loss widned to Rs 435 crore for the quarter ending September 30, 2021. The company had reported consolidated net loss of Rs 230 crore in the year-ago period. 

Consolidated revenue from operations rose 140% to Rs 1,024 crore as against Rs 426 crore in Q2FY21.

"Why did our losses go up? This was due to investments in the growth of our food delivery business. Three reasons to be specific – a) increased spending on
Topics : Zomato

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First Published: Nov 10 2021 | 8:17 PM IST

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