The number of food and everyday items on the online order and the company (East Zomato) decreased net profit in the fourth quarter of the last financial year to Rs 77.7 per cent to Rs 39 crore. The company had a net 175 crore rupees in the same quarter of a year ago. The company’s profits have fallen by 33.8 per cent in a quarter earlier. However, during the quarter under review, the company’s income increased by 63.7 per cent to Rs 833 crore as compared to a year ago. The company’s income was Rs 3,562 crore in the fourth quarter of FY 2024.
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The adjusted revenue of the business Zomato, which provided food on the online order during the period under review, increased by Rs 2,050 crore to Rs 2,413 crore from Rs 2,050 crore ago. But income declined by 0.2 per cent over a quarter earlier. At the same time, in the fourth quarter of the last financial year, the company’s quick commerce business Blinkite revenue was Rs 1,709 crore, which is 12.2 per cent higher than the Rs 769 crore in the fourth quarter of one year ago.
The revenue of the Going Out business of the Internal increased by 146.2 per cent in the fourth quarter of the last financial year. This fourth quarter of FY 2025 took a leap of Rs 93 crore in the fourth quarter of FY 2024 to Rs 229 crore in the fourth quarter of 2024.
Quick and Everyday Service closed
The Internal (formerly Jomato), which provides food on the online order, said that it has shut down its instant food-delivery service ‘Quick’ due to lack of profits. This service was available on the application of Jomato. In addition, during the release of its financial results for the fourth quarter of the last financial year on Thursday, the company said that it had taken out about 19,000 restaurants in just the fourth quarter from the list.
Deepinder Goyal, the founder and Chief Task Officer of the Eyontel, said, “We are really shutting down both these initiatives (Zomato Quick and Everyday) because we are not looking for profitability in them without compromising on customer experience.” Currently, the infrastructure of restaurants and kitchens is not ready to order order in 10 minutes, causing customers not to fully serve. As a result, we did not record any significant increase in demand while running quickly for a few months. For Jomato Everyday, Goyal said that the need for homemade food is quite high and it is especially of the offices located in the metros Is taken.
Goyal said that by running it on a small scale, we did not get enough returns on investment. He said that the restaurants that have been removed from the list were either not meeting the cleanliness standards, or were copying the established brands and misleading the customers.
First Published – May 1, 2025 | 9:53 PM IST
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