Eternal Q4 Preview: Will over 400% YoY profit growth help dominate Swiggy?

Zomato is expected to report a sharp surge in revenue and profit for the March quarter, driven largely by continued momentum in its quick commerce business Blinkit, even as the core food delivery segment shows steady but moderate growth. Brokerage estimates suggest revenue could jump around 180% year-on-year (YoY), while profit may rise as much as 430%, reflecting the impact of scaling newer verticals and improving operating leverage.

The food delivery (FD) business is expected to remain stable, with net order value (NOV) growth of around 17-18% YoY. Margins in the segment are likely to improve slightly, with adjusted EBITDA as a percentage of NOV seen rising to around 5.5-6.1%, supported by better cost control and improved take rates of over 21%.