Zomato recovers after 5% slide in early trade; Key brokerages cut target price

Zomato’s share price declined 5.4% to an intra-day low of Rs 220.05 as the company’s net profit declined for the second straight quarter. It plummeted 78% year-on-year to Rs 39 crore in Q4FY25, compared to Rs 175 crore in Q4FY24. Eternal’s, which was formerly known as Zomato, net profit fell due to a rise in expenses.

However, its revenue from operations jumped sharply by 64% to Rs 5,833 crore in Q4FY25, compared with Rs 3,562 crore in the same quarter a year ago.