Key Points
[1/2]A delivery worker of Zomato, an Indian food-delivery startup, rides her bicycle along a road in Kolkata, India, July 13, 2021..
BENGALURU, Aug 3 (Reuters) - India's Zomato (ZOMT.NS) posted its first-ever profit on Thursday, one quarter earlier than expected, helped by a tax gain and strong orders in its food and grocery delivery businesses...
Shares of Zomato went up as much as 3.9% after the results...
Zomato expects its business to remain profitable going forward while delivering a 40% year-on-year topline growth for at least the next couple of years, he said.. Gross order value (GOV) -- the total value of all orders, a percentage of which Zomato gets as revenue -- rose 13.9% in its food delivery business...
