Zomato Q4 Results: Zomato, now known as Eternal, on Thursday, May 1, posted a sharp decline of 78% year-on-year (YoY) in its January-March quarter of the financial year 2024-25 (FY25) to ₹39 crore, largely on account of the accelerated investments in its quick-commerce business Blinkit.

Blinkit’s adjusted EBITDA losses increased to ₹178 crore from ₹103 crore in the previous quarter, which Eternal said “was expected and in line with our plan to pull-forward expansion of our store network”.

While the company added 294 net new stores in Q4FY25, making it its highest-ever net store addition in a single quarter, and saw average monthly transacting customers increasing to 13.7 million in Q4FY25 from 10.6 million in Q3FY25, it flagged rising competition in the quick commerce business.