News

An increasing number of people ordering packaged food from quick commerce platforms such as Zepto Cafe, Swiggy Snacc and Blinkit Bistro has resulted in reduced demand for Zomato’s food delivery services, the company’s chief Deepinder Goyal has said.

“…growth does remain below our expectations for now. Competition from quick delivery of packaged food from quick commerce (is) leading to (a) drop in (the) demand for food delivery from restaurants,” Goyal said on May 1 while announcing the food and grocery delivery  company’s results.

A sluggish environment where consumers are cutting back on discretionary spends and a shortage of delivery partners, largely because they’re shifting to quick commerce portals, also impacted growth, Goyal said.

Eternal (formerly Zomato) had a tough Q4.

The company’s consolidated net profit declined 78 percent to Rs 39 crore from year-ago period.

Its gross order value (GOV) came in at Rs 9,778 crore, down a percent from the previous quarter and 16 percent higher from year-ago period, well below the company’s guidance of 20 percent growth.

Growth was also hit as Zomato delisted around 19,000 restaurants during the three-month period because they were “eroding the trust of consumers”. And there was one less day in Q4FY25 than in the year-ago period, which was a leap year.

Zomato said these two factors shaved off at least 2 percentage points from Q4 growth.

Even after accounting for these, Zomato would have only grown around 18 percent YoY, still short of its estimate of 20 percent.

Lacklustre growth and slowing demand for services likely prompted Goyal to step in and run the food delivery arm, replacing its head Rakesh Ranjan, as Moneycontrol reported recently.

DAILY-EVENING

DAILY-EVENING

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

${res.must_watch_article[0].headline}

Stock Market Holiday MI vs RR Live Score Jammu Kashmir News Live GST Collections in April Heatwave in India Q4 Results 2025 Live Hit 3 Review JKBOSE 10th Result 2025 Kolkata News IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.