India’s food delivery giant, Zomato’s share price crashed after the company posted its earnings report for the quarter ended December earlier this week. Zomato’s stock has slumped over 15% this week.

The shares of the food delivery platform witnessed a sharp plunge of over 10% on Tuesday as investor sentiment dampened after the Q3 results

The largest food delivery online company, Zomato Ltd share price witnessed massive selling pressure on Tuesday, January 21, after it reported mixed performance in Q3 of FY25.

Zomato reported a 57 per cent decline in net profit for Q3 FY25, dropping to Rs 59 crore from Rs 138 crore in the same period last year. This downturn is attributed to heightened competition and increased expenditure on expanding fulfilment centres for its quick-commerce platform,

Shares of Zomato Ltd. slumped more than 13% on Tuesday after losses in the quick commerce segment caused the company’s earnings to fall short of analyst estimates.

Zomato shares fell 5.1% after disappointing Q3 FY25 results, with a 57% YoY drop in net profit. The quick-commerce unit, Blinkit, continues to incur losses despite expansion plans. Brokerages gave mixed ratings,

Zomato share price dropped over 9% following a 57.2% decline in Q3 net profit to ₹59 crore. The company reported a revenue of ₹5,405 crore, while total expenses surged to ₹5,533 crore, reflecting challenges amid rapid expansion and demand slowdown.