/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The food delivery company has opened up in its first full-year earnings report, but the outlook is weak once you get past the headline numbers.
Editor's note: It has been a big week for Zomato. On Monday, the food delivery company reported earnings for the quarter and year ended 31 March 2022. It was Zomato’s first full fiscal year results announcement as a publicly listed company and the scorecard reads something like this: Revenue from operations: Rs 4,192 crore, up 2.1x from 2020-21 (peak pandemic) but only 1.6x from 2019-20 (pre-pandemic)Net loss: Rs 1,220 crore, up 1.5x from 2020-21 but down about 50% from 2019-20Advertising and sales promotion expenses: Rs 1,216 crore, up 2.3x from 2020-21 but down 10% from 2019-20 Markets cheered the growth. Yesterday, Zomato’s stock, which had taken a dive in recent months, closed at Rs 64.95, up almost 14%; its shares had earlier fallen about 65% from their November high. It helped that Zomato’s earnings release carried a lot more disclosures in the interest of operating transparently, something analysts have been complaining about all along. The metrics Zomato delved into for the March quarter were largely consistent with the last one and the company shared a lot more information to put its numbers …
The food delivery company has opened up in its first full-year earnings report, but the outlook is weak once you get past the headline numbers.
Editor's note: It has been a big week for Zomato. On Monday, the food delivery company reported earnings for the quarter and year ended 31 March 2022. It was Zomato’s first full fiscal year results announcement as a publicly listed company and the scorecard reads something like this: Revenue from operations: Rs 4,192 crore, up 2.1x from 2020-21 (peak pandemic) but only 1.6x from 2019-20 (pre-pandemic)Net loss: Rs 1,220 crore, up 1.5x from 2020-21 but down about 50% from 2019-20Advertising and sales promotion expenses: Rs 1,216 crore, up 2.3x from 2020-21 but down 10% from 2019-20 Markets cheered the growth. Yesterday, Zomato’s stock, which had taken a dive in recent months, closed at Rs 64.95, up almost 14%; its shares had earlier fallen about 65% from their November high. It helped that Zomato’s earnings release carried a lot more disclosures in the interest of operating transparently, something analysts have been complaining about all along. The metrics Zomato delved into for the March quarter were largely consistent with the last one and the company shared a lot more information to put its numbers …
Bistro may look like a response to Swiggy and Rapido’s 'budget' food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
A string of deals and bets signal the ride-hailing company’s ambition to dominate delivery, but questions and challenges remain.
In a country beset with problems, there is always something better to do. How about your duty to your shareholders first? Separately, Urban Company’s latest quarterly results show fatigue
Bistro may look like a response to Swiggy and Rapido’s 'budget' food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
A string of deals and bets signal the ride-hailing company’s ambition to dominate delivery, but questions and challenges remain.
In a country beset with problems, there is always something better to do. How about your duty to your shareholders first? Separately, Urban Company’s latest quarterly results show fatigue
