Infographic : Zomato Ltd. (NSE : ZOMATO) | Q2 Results Released! | Revenue UP 57.69% YoY

(Zomato NSE: ZOMATO), one of the top 5 unicorns of India, is a platform company which has successfully solved for convenience by connecting restaurants with customers. By using technology and a fleet of delivery partners, Zomato has created a capital light compounding machine which creates an eco-system wherein the best of the restaurants will make more money (as Zomato brings more customers driven by quality reviews/ratings) while customers enjoy convenience along-with right-quality product and delivery partners enjoy part-time income.

Platform companies have ruled wealth creation globally. Zomato, as a platform and being category leader, will continue to drive outperformance in food services industry in India.

Acquisition of Blinkit (quick commerce) closed on August 10, 2022. Hence, this quarter includes ~50
days of Blinkit financials consolidated into our overall financials. Total Adjusted Revenue grew 48% year-on-year to INR 21.07 billion (38% year-on-year ex-quick commerce).

This translates to annualized revenue of US$ 1.05 billion (at the average exchange rate for the quarter of 1 US$ = INR 80). This is the first quarter where we have crossed the billion dollar annualized revenue mark.

Total Adjusted EBITDA loss reduced to INR 1.92 billion as compared to INR 3.10 billion in Q2FY22.
Adjusted EBITDA loss (ex-quick commerce) was INR 0.60 billion for the quarter (compared to INR 1.50
billion in the previous quarter i.e. Q1FY23).

Blinkit’s Gross Order Value (“GOV”) grew 26% quarter-on-quarter to INR 14.82 billion while the revenue grew 44% quarter-on-quarter.

Adjusted EBITDA loss in quick commerce reduced to INR 2.59 billion from INR 3.26 billion in the previous quarter (Q1FY23) leading to Adjusted EBITDA (as a % of GOV) of -17.5% in Q2FY23 as compared to -27.8% in Q1FY23.