Quarterly results of Zomato, ITC and Tata motors

Zomato Q1 FY25: Profit Surges Amid Robust Growth in Delivery and Quick Commerce

Zomato reported a net profit of Rs 253 crore ($30.22 million) for Q1 FY25, significantly up from Rs 2 crore a year earlier, driven by strong demand in food and grocery delivery.
Revenue surged 74% to Rs 4,206 crore, with a 53% increase in gross order value (GOV) to Rs 15,455 crore.
Food delivery GOV rose 27%, quick commerce GOV surged 130%, and going-out GOV increased 106%.
Adjusted EBITDA grew to Rs 299 crore from Rs 194 crore in the previous quarter.
The company’s stock price has jumped 174% over the past year.
CEO Deepinder Goyal mentioned plans to expand the going-out offering and increase Blinkit stores to 1,000 by March 2025, with a goal of 2,000 by 2026, maintaining profitability.

ITC reported a slight 0.3% increase in standalone net profit to Rs 4,917.45 crore for the June quarter, compared to Rs 4,902.74 crore last year.
Standalone revenue rose by 7.32% to Rs 18,077.24 crore from Rs 16,842.93 crore.
The company’s growth was driven by its Hotels, Value Added Agri products, and Leaf Tobacco segments, with a resilient performance in the FMCG and Cigarettes sectors despite challenging market conditions.
On a consolidated basis, ITC’s profit slightly declined by 0.26% to Rs 5,091.59 crore, while revenue grew 7.45% to Rs 20,029.60 crore.
The FMCG segment saw a 6.3% increase in revenue to Rs 5,491 crore, with improved profit margins.
The Cigarette segment’s revenue grew 7%, with profits up 6.5%. The Hotel business experienced a 10.9% revenue increase, and ITC is moving forward with plans to demerge its hotels business.
The Agri business segment saw a 22.2% rise in revenue. However, the Paperboards, Paper & Packaging segment faced challenges due to cheaper Chinese imports and higher domestic wood costs, leading to a 6.8% decline in revenue.

Tata Motors reported a 74% year-on-year (YoY) increase in consolidated net profit to ₹5,566 crore for Q1, up from ₹3,203 crore.
Consolidated revenue rose by 6% to ₹1.08 lakh crore, compared to ₹1.02 lakh crore in the same period last year.
Consolidated EBITDA grew 19% to ₹15,785 crore, with the EBITDA margin improving to 14.6% from 12.9% YoY.
Tax expenses were higher at ₹3,178 crore, compared to ₹1,563 crore last year.