Financial Insights

Zomato: Revenue records come with rising costs; valuations are expensive

Zomato’s strong growth is accompanied by increased losses and only further postpones the profitability timeline.

Zomato (CMP: Rs 136.05; Market Cap: Rs 107,090 crore) reported record quarterly sales, with rising marketing and shipping costs added to the loss.

The company led fuel prices to increase transportation costs and investments in emerging regions, as well as customer acquisition for increased marketing costs.

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