Internet Software & Services company Zomato announced Q3FY24 results: Consolidated Q3FY24: Gross Order Value (GOV) (B2C business): Rs 12,886 crore, a 47% YoY growth. Adjusted Revenue: Rs 3,609 crore, up 53% YoY. Adjusted EBITDA: Rs 125 crore, improving by Rs 390 crore YoY. Business Segments Growth: Food Delivery GOV: Grew 27% YoY to Rs 8,486 crore. Quick Commerce GOV (Blinkit): Increased by 103% YoY to Rs 3,542 crore. Going-out GOV: Saw a 154% YoY increase, reaching Rs 858 crore. Profitability and Efficiency: Food Delivery Adjusted EBITDA Margin: Now at Rs 1,000+ crore on an annualized basis. Blinkit: Expected to reach Adjusted EBITDA break-even on or before Q1FY25. Contribution Margin: Despite the expansion, the contribution margin has been increasing due to a growing pool of profitable stores. Blinkit Ad Revenue Growth: 220% YoY against 103% YoY GOV growth. Customer Experience and Service Improvements: 20% decrease in order cancellations and rejections. Approximately 20% reduction in orders requiring support in the food delivery business over the last year. Expansion and Market Reach: Quick commerce store count reached 451, showing healthy same-store sales growth. New city launches showing good potential, with plans to scale these cities further. Environmental, Social, and Governance (ESG) Initiatives: Launched maternity insurance plans for women delivery partners. Over 6,500 delivery partners trained in first-responder emergency procedures. Aiming for 100 million plastic-free orders delivered by the end of 2025. Capital and Cash Reserves: Cash Balance Increasing: Up by Rs 254 crore in Q3, marking the third consecutive quarter of increase. Result PDF