{"id":68287,"date":"2026-01-20T06:39:15","date_gmt":"2026-01-20T06:39:15","guid":{"rendered":"https:\/\/smallseokit.com\/blog\/?p=68287"},"modified":"2026-01-20T06:39:17","modified_gmt":"2026-01-20T06:39:17","slug":"zomato-fy25-vertical-growth","status":"publish","type":"post","link":"https:\/\/smallseokit.com\/blog\/zomato-fy25-vertical-growth\/","title":{"rendered":"Zomato FY25: Revenue Breakdown, Vertical Growth, and Path to Profitability"},"content":{"rendered":"\n

Zomato\u2019s parent company, Eternal, has quietly transformed itself from a food delivery app into one of India\u2019s most complex consumer commerce ecosystems. According to the latest figures, the Zomato Revenue Model: Eternal\u2019s Multi-Vertical Profit Engine<\/strong> generated operating revenue of approximately \u20b920,243 crore in FY25, up sharply from \u20b912,114 crore in FY24. Net profit rose to \u20b9527 crore, marking a near 50% year-on-year increase, while revenue surged 67% YoY.<\/p>\n\n\n\n

These numbers are not accidental. They reflect a carefully layered monetization strategy across food delivery, quick commerce, B2B supply chains, subscriptions, and advertising. For founders and platform entrepreneurs, studying the Zomato Revenue Model: Eternal\u2019s Multi-Vertical Profit Engine<\/strong> offers a real-world blueprint for building diversified, scalable, and defensible revenue models.<\/p>\n\n\n\n

This article breaks down how Zomato actually makes money, what each vertical contributes, where profits come from, where losses still exist, and the key lessons new platform builders\u2014especially those launching Zomato-like apps\u2014can apply.<\/p>\n\n\n\n

Zomato (Eternal) FY25: The Big Picture<\/strong><\/strong><\/h2>\n\n\n
\n
\"From
From Food App to Commerce Ecosystem<\/figcaption><\/figure>\n<\/div>\n\n\n

In FY25, Eternal delivered its strongest financial performance since listing.<\/p>\n\n\n\n

Key Financial Highlights<\/strong><\/h3>\n\n\n\n
    \n
  • Operating Revenue (FY25):<\/strong> ~\u20b920,243 crore<\/li>\n\n\n\n
  • Operating Revenue (FY24):<\/strong> ~\u20b912,114 crore<\/li>\n\n\n\n
  • Year-on-Year Growth:<\/strong> ~67%<\/li>\n\n\n\n
  • Net Profit (FY25):<\/strong> ~\u20b9527 crore<\/li>\n\n\n\n
  • Adjusted EBITDA:<\/strong> ~\u20b91,079 crore (vs ~\u20b9372 crore in FY24)<\/li>\n<\/ul>\n\n\n\n

    Quarterly performance was equally revealing. In Q4 FY25<\/strong>, operating revenue rose 64% YoY to ~\u20b95,833 crore<\/strong>, although quarterly net profit dipped to ~\u20b939 crore due to heavy investments in Blinkit, dark store expansion, and logistics.<\/p>\n\n\n\n

    The takeaway is clear: Zomato is prioritizing long-term dominance over short-term quarterly profits<\/strong>.<\/p>\n\n\n\n

    From Food App to Commerce Ecosystem<\/strong><\/strong><\/h2>\n\n\n
    \n
    \"Revenue
    Revenue Breakdown by Vertical (FY25)<\/figcaption><\/figure>\n<\/div>\n\n\n

    Zomato is no longer a single-vertical business. Today, Eternal reports revenue across four major business lines:<\/p>\n\n\n\n

      \n
    1. Food Delivery<\/strong><\/li>\n\n\n\n
    2. Quick Commerce (Blinkit)<\/strong><\/li>\n\n\n\n
    3. B2B Supply Chain (Hyperpure)<\/strong><\/li>\n\n\n\n
    4. Going-Out \/ Lifestyle Services<\/strong><\/li>\n<\/ol>\n\n\n\n

      This shift has reduced dependency on food delivery alone and allowed Zomato to extract value from both sides of the marketplace<\/strong>\u2014consumers and businesses.<\/p>\n\n\n\n

      Revenue Breakdown by Vertical (FY25)<\/strong><\/h2>\n\n\n
      \n
      \"Zomato
      Zomato Revenue Model: Eternal\u2019s Multi-Vertical Profit Engine transformation<\/figcaption><\/figure>\n<\/div>\n\n\n

      Approximate adjusted revenue contribution in FY25:<\/p>\n\n\n\n

      Vertical<\/th>FY25 Revenue<\/th><\/tr><\/thead>
      Food Delivery<\/td>~\u20b99,418 crore<\/td><\/tr>
      Blinkit (Quick Commerce)<\/td>~\u20b95,206 crore<\/td><\/tr>
      Hyperpure (B2B Supply)<\/td>~\u20b96,196 crore<\/td><\/tr>
      Going-Out \/ District<\/td>~\u20b9737 crore<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      Food delivery remains the foundation, but Blinkit and Hyperpure together now account for more than half of total revenue<\/strong>, signaling a major structural shift.<\/p>\n\n\n\n

      Revenue Stream #1: Food Delivery Commissions (The Core Engine)<\/strong><\/strong><\/h2>\n\n\n
      \n
      \"Revenue
      Revenue Stream #1: Food Delivery Commissions (The Core Engine)<\/figcaption><\/figure>\n<\/div>\n\n\n

      How It Works<\/strong><\/h3>\n\n\n\n

      When a customer places a food order, Zomato charges the restaurant a commission (take rate)<\/strong> on the order value. This is the classic marketplace model\u2014Zomato facilitates discovery, ordering, payments, and delivery.<\/p>\n\n\n\n

      Take Rates & Pricing<\/strong><\/h3>\n\n\n\n