Zomato Q4 Results 2022: Net Loss at Rs.3597 million for Q4FY22
On 23rd May 2022, Zomato announced its quarterly results for the last quarter of FY2022.
- Zomato reported a total income of Rs.13500 million for Q4FY22 from Rs.7508 million in Q4FY21, a growth of 79.80%
- The company's revenue from operations rose 75.01% to Rs.12118 million in the quarter under review from Rs.6924 million in the same quarter last fiscal.
- Zomato reported a net loss of Rs.3597 million from Rs.1342 million in Q4FY21, a drop by 168.03%
- The company reported a total income of Rs.46873 million for FY2022 from Rs.21184 million in FY2021, with a growth of 121.26%
- The company's revenue from operations rose by 110.27% to Rs.41924 million for the year from Rs.19938 million in FY2022.
- Zomato reported a Net loss of Rs.12225 million with a drop of 49.74% YoY.
- Gross Order Value (GOV) grew by 77% YoY in Q4FY22 to set a record high of Rs.58500 million
- Average monthly transacting customers were at an all-time high of 15.7 million last quarter growing from 15.3 million in Q3FY22 and 9.8 million in Q4FY21.
- Zomato launched in 300+ cities in Q4FY22, now available in 1000+ towns and cities
- The average order value in FY2022 was Rs.398 against Rs.397 in FY2021. For the top 8 Cities, the average order value increased by 3% YoY in FY2022.
Food delivery: The Food delivery segment reported revenue at Rs.12.8 billion with a growth of 70.66% YoY for Q4FY22 and reported revenue at Rs.47.6 billion for FY2022 with a growth of 120.37% YoY.
Hyperpure (B2B): The Hyperpure B2B segment reported revenue at Rs.1.9 billion with a growth of 171.42% YoY for Q4FY22 and reported revenue at Rs.5.4 billion for FY2022 with a growth of 170% YoY.
Others: The other business segments reported revenue at Rs.0.6 billion with a drop of 33.33% YoY for Q4FY22 and reported revenue at Rs.2.4 billion for FY2022 with a drop of 14.28% YoY.
Deepinder Goyal, MD and CEO of Zomato said: “We did see low QoQ growth in Q3FY22 as dining-out and travel opened up post-Covid. We believe that was a one-time correction of our growth trajectory on the back of two strong quarters. We think our growth trajectory is back on track, and we don’t see ‘post-covid ramifications’ affecting our growth rate anymore. Having said that, even before Covid, growth in our business has been lumpy (and not linear)- so it is essential to take a long-term view of our business.
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