Zomato Q2 Results 2024 Date Coming on October 22, 2024

Zomato Q2 Results 2024 Date

Zomato is set to announce its Q2 results for 2024 on October 22, 2024. This announcement will include the company's financial performance for both the standalone and consolidated accounts for the quarter ending on September 30, 2024. Investors and analysts are eager to see how Zomato has performed, especially after recent changes in the market, including the plans for fundraising through a Qualified Institutional Placement (QIP). Many people expect Zomato's gross order value (GOV) in food delivery to rise by 6% compared to the previous quarter and 23% compared to the same period last year. 

The company’s quick commerce app, Blinkit, is also expected to show strong growth, with predictions of a 20.1% increase in GOV quarter-on-quarter and an impressive 114.1% growth year-on-year. Additionally, Zomato's Hyperpure business, which focuses on B2B sales, is expected to see a significant rise in revenue as well. These results will give a clearer picture of how well Zomato is doing in a competitive market. Investors are watching closely to see if Zomato can meet or exceed these expectations.

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About Zomato 

Zomato is a popular Indian company that helps people find restaurants and order food online. It was started in 2008 by two friends, Deepinder Goyal and Pankaj Chaddah, who wanted to make it easier for people to discover good places to eat. Initially called FoodieBay, the company changed its name to Zomato in 2010 to avoid confusion with eBay. Zomato provides many services, including restaurant information, menus, user reviews, and food delivery from partner restaurants.

Zomato has grown a lot over the years. It started in India and quickly expanded to cities like Delhi, Mumbai, and Bangalore. By 2012, Zomato was also available in countries like the United Arab Emirates, Sri Lanka, and the United Kingdom. It has continued to grow internationally and now serves customers in many countries.

Zomato allows users to make table reservations and even buy tickets for events. With millions of users, Zomato is a major player in the online food ordering industry, competing with other services like Swiggy. Swiggy is known for its easy-to-use app and website, making it a favorite among food lovers.