Zomato Q2 results: Net profit rises to Rs 176 crore, misses estimates

Indian food and grocery delivery firm Zomato reported a smaller-than-expected rise in second-quarter profit on Tuesday as the company added more new stores, which weighed on margins.

Its consolidated net profit rose nearly five-fold to Rs 176 crore ($20.94 million) in the quarter ended Sept. 30, but fell short of analysts’ estimates of Rs 270 crore, according to data compiled by LSEG.