Zomato's Audacious Leap: CEO Deepinder Goyal Unveils Rs 10,000 Crore Profit Vision

In a bold declaration, Zomato CEO Deepinder Goyal has set an ambitious target of Rs 10,000 crore profit within the next three years. This announcement comes as the food delivery giant navigates through recent challenges, including a 57% year-on-year decline in Q3 FY25 profits to Rs 59 crore. Despite this setback, Zomato's revenue surged 64% to Rs 5,405 crore in the same quarter, driven by strong performance in food delivery and quick commerce. The company's aggressive expansion of Blinkit, its quick commerce arm, and strategic investments in technology and market penetration underscore its commitment to achieving this audacious goal. As Zomato continues to dominate the food tech landscape, industry watchers remain optimistic about its growth trajectory and market leadership.
Sources: Zee Business, The Economic Times, Business Standard