Zomato flagged slow growth in the food delivery business due to an industry-wide slowdown. (
Shares were down 1.5% to 53.7 rupees at 11:17 a.m. IST.
The stock closed marginally higher on Thursday ahead of the results.
Gross order value - the total monetary value of orders - in the food delivery business grew a weak 0.7% quarter-on-quarter in what analysts expected to be a seasonally strong quarter.
"Zomato turned adjusted EBITDA break-even for Jan (excluding Blinkit), a key positive," brokerage Jefferies said in a note.
Source: NDTV