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Zomato share price rises despite dip in broad market indices

  • Zomato's share price rose by 2.98% on Wednesday, despite dip in broad market indices.
  • Zomato's second-quarter results showed stability in the food delivery business and hyper-growth prospects of quick commerce.
  • Net profit for Q2 FY25 increased by 389% YoY to reach Rs 176 crore, while revenues rose 68.50% YoY to touch Rs 4,799 crore.
  • Zomato's quick commerce business, Blinkit, showed impressive growth with a 122% YoY increase in gross order value (GoV).

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