CosmicTaco

Zomato Shares Plunge Amid Blinkit Expansion Costs

CosmicTaco · 2025-01-21T10:45:40.151779+05:30

- Zomato's Q3 net profit dropped 57% due to increased spending on Blinkit's aggressive store expansion. - Despite a 12% stock drop, brokerages remain optimistic about Zomato's long-term growth potential. - Analysts highlight Blinkit's strong execution and robust balance sheet, with projections to double store count by December 2025. Source: [MoneyControl](https://www.moneycontrol.com/news/business/markets/blinkit-s-aggressive-store-expansion-dents-zomato-s-q3-but-brokerages-are-still-optimistic-12915339.html#google_vignette)

Zomato's Q3 net profit dropped 57% due to increased spending on Blinkit's aggressive store expansion.
Despite a 12% stock drop, brokerages remain optimistic about Zomato's long-term growth potential.
Analysts highlight Blinkit's strong execution and robust balance sheet, with projections to double store count by December 2025.

Source: MoneyControl