Shares of Zomato Ltd had rallied at 4.67 per cent to Rs 68.35 for the seventh straight day. Recently, the shares of the food delivery company surged 25.41 per cent to close at a low of Rs 54.50 on 5 August 2022. In the last quarter, the stock has jumped 16.24 per cent, while the benchmark Sensex rose 10.91 per cent in the same period.
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The customer of Zomato has connected with partners of the restaurant and delivery platform. All customers use Zomato to search, discover restaurants, read and write customer reviews, upload photos, order food and table bookings and make payments while dining out at restaurants. Also, the company has to operate a one-stop procurement solution, Hyperpure, which supplies high-quality ingredients and kitchen products to restaurant partners.
The consolidated net loss of Zomato was reported at Rs 186 crore in the first quarter of FY22 as compared to a net loss of Rs 360.70 crore in the same period. The revenue from operation increased in the April-June quarter by 67.44 per cent to Rs 1,413.9 crore from Rs 844.4 crore in the same duration of last year.
