📊 Zomato’s FY25 Combo Meal

Yes, they finally made profit. No, it didn’t last the whole year. Yes, we’re still ordering.

🍴 The Menu: What’s Cooking?

1. Zomato Food Delivery

• Steady like your mom’s cooking.
• Margins stable. Volumes growing.
• Your midnight momos are paying off.

2. Blinkit: The 10-Minute Grocery Gamble

• Revenue up 3.7x YoY 🚀
• Contribution margin: +5.3% (finally in green!)
• They’re now delivering faster than you swipe left on dating apps.

3. Zomato Gold

• Revamped. Now includes food, groceries, and existential crisis management.
• Subscriber base up 2.3x. People love to feel exclusive while saving ₹50.

🤕 The Bitter Aftertaste — Q4 Shock

Net profit in Q4: Just ₹39 Cr
Down 78% QoQ because:

• Blinkit hiring sprees
• Marketing spend went burr
• Probably gave out 11th free pizza offer too generously

Market said, “Bro… margin bhi kuch hota hai.”
Stock said, “Bhai thoda profit to kamaya na.”

💰 Cash in Hand: Not Bankrupt, Not Flashy

• Still holding ₹11,000 Cr in cash + investments
• Enough runway to lose money, regain composure, and lose money again.
• Or maybe acquire a few more apps no one asked for.

💸 Stock Performance: Tandoori Hot

If you bought when people were comparing Zomato to MySpace… congratulations, your portfolio is now in the green chutney zone.

🧠 EduInvesting Analyst Thoughts

“Zomato is like that friend who used to be broke but now owns 3 scooters, 2 startups, and says things like ‘CAC to LTV ratio matters’.”

🔮 What’s Next on the Plate?

• Expand Blinkit further — maybe deliver dreams next
• Increase monetization of Zomato Gold — might start charging for napkins
• Maybe even profits every quarter? Too spicy?

✅ Pros

✔️ Actually profitable now
✔️ Blinkit scaling fast
✔️ High-margin subscription growth
✔️ Massive revenue growth — not just a “discounts” play anymore

❌ Cons

❌ Q4 profit slump = margin drama
❌ Too many moving parts = potential indigestion
❌ Shareholders now expect consistency — LOL

🧾 EduInvesting Verdict

“Zomato is no longer just a food delivery app — it’s India’s most relatable consumer tech stock. Messy, ambitious, slightly annoying, but damn good when it works.”

Buy if:

• You believe convenience is king
• You enjoy watching 2-wheeler armies fulfill your caffeine urges
• You missed Nykaa and need redemption

Avoid if:

• You think 78% profit fall in Q4 is a red flag
• Or if you’re still salty about that missing samosa in 2021