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Zomato misses mark in Hyderabad, Chennai; shifts focus to business growth

By Economic Times - 11 hours ago
Zomato focuses more on business growth than market share, despite lagging in Hyderabad and Chennai. The company reported a 389% increase in net profit reaching Rs 176 crore in Q2FY25, with revenues from operations up by 68% YoY to Rs 4,799 crore. Rising food delivery margins contributed to this growth, though overall profit fell short of market expectations.

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