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Zomato exits 225 smaller cities due to "not very encouraging" performance in recent quarters

11 Feb 2023 Zinkpot 149

The Economic Times -  Analysts retained their bullish calls on Zomato, but slashed the price targets on the stock as the company's losses for the quarter ended December 31 widened against the same period a year ago. The Gurugram-based company on Thursday reported that its consolidated revenue grew 75% to ₹1,948 crore in October-December quarter, even as its loss jumped five times to ₹346 crore. Read more

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  •  Which is Gross Order Value?  It is the total amount charged by the restaurant to the customer for an order, including the value of the goods, plus the restaurant's delivery charges (if any), plus the customer admin charges (if any), plus applicable tax term.
  • The gross order value includes the sum of all transacted orders -- any deductions by cancellations, returns, sales cost or discounts are not yet taken into consideration.
  • Cancelled order value includes the sum of all order values related to cancelled orders.
  • Contrary to gross order value, the gross revenue excludes all cancellations. In short, the gross revenue is the sum of all transacted orders (gross order value) less cancelled order value.
  • The return sales value is the sum of all gross order values of all returned goods.
  • Contrary to gross order value and gross revenue, net revenue is adjusted by cancellations and returns. Net revenue is the sum of all orders (gross order value) minus cancelled order value and return sales value. In other words, the net revenue is the gross revenue less the return sales value.
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