Zomato’s stock has tumbled 30% from its peak, slashing its one-year return to 60%. This sudden crash has reignited questions about the company’s ability to sustain its ambitious growth narrative. Is ...
For perspective, Zomato’s food-delivery business turned profitable as early as the second quarter of FY23, but owing to the drag by Blinkit, Zomato as a whole turned profitable only in FY24.