Zepto FY24 revenue more than doubles to ₹4,454 cr
Financial Express Kolkata|December 14, 2024
● Eyes profitability and listing by FY26
AYANTI BERA
Zepto FY24 revenue more than doubles to ₹4,454 cr

QUICK COMMERCE UNICORN Zepto saw its FY24 consolidated revenues surge by 120% to ₹4,454, up from ₹2,024 crore in FY23, driven by increased customer demand and operational efficiencies.

Despite the growth, net loss for the year slightly narrowed to ₹1,249 crore, compared to ₹1,272 crore in FY23. However, Zepto reduced its loss as a percentage of revenue from -63% in FY23 to -28% in FY24, reflecting a strong focus on cost optimisation.

Denne historien er fra December 14, 2024-utgaven av Financial Express Kolkata.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 14, 2024-utgaven av Financial Express Kolkata.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA FINANCIAL EXPRESS KOLKATASe alt
Financial Express Kolkata

Hamas to release first hostages on Sunday

THE PALESTINIAN MILITANT group Hamas is expected to release the first hostages under a Gaza ceasefire deal on Sunday, Israeli Prime Minister Benjamin Netanyahu's office said on Friday, after 15 months of war that demolished the enclave.

time-read
1 min  |
January 18, 2025
Financial Express Kolkata

Sisodia flags shoes, saris by BJP's Verma, says EC turning blind eye

SENIOR AAP LEADER and Delhi deputy chief minister Manish Sisodia has alleged that the Election Commission is turning a blind eye to poll code violations ahead of the Assembly elections in Delhi early next month.

time-read
2 mins  |
January 18, 2025
Financial Express Kolkata

Bullet Train Ambitions

Plans for indigenous high-speed trains are laudable, but innovative financing models will be needed

time-read
2 mins  |
January 18, 2025
Financial Express Kolkata

Axis Bank Stock Sinks 6% on Weak Q3 Show

Stocks hit 52-week low; brokerages slash price targets

time-read
2 mins  |
January 18, 2025
Financial Express Kolkata

EV industry needs better cost structure

After being in a near-monopolistic position in the EV space for a few years, Tata Motors is set to face heavy competition in 2025 with rivals like Maruti Suzuki, Hyundai, M&M and JSW MG Motor gearing up with launches.

time-read
1 min  |
January 18, 2025
Financial Express Kolkata

ICICI Lombard Q3 net profit surges 68% to ₹724 crore

ICICI LOMBARD GENERAL Insurance on Friday posted a 68% year-on-year increase in its third-quarter net profit at ₹724 crore.

time-read
1 min  |
January 18, 2025
Financial Express Kolkata

HSBC gets RBI nod to open 20 new branches

HSBC INDIA ON Friday said it has received approval from the Reserve Bank of India to open 20 new branches in key cities including Navi Mumbai, Lucknow, Mysuru, Nagpur and Nashik.

time-read
1 min  |
January 18, 2025
Financial Express Kolkata

Jio Financial Q3 net profit remains flat at ₹295 crore

JIO FINANCIAL SERVICES on Friday reported a consolidated net profit of ₹295 crore for the quarter ended December 31, 2024, which was flat versus ₹294 crore posted in the year-ago period.

time-read
1 min  |
January 18, 2025
Financial Express Kolkata

Centre gives ₹11,440-crore lifeline to RINL

COMMUNICATIONS MINISTER JYOTIRADITYA Scindia on Friday said the Cabinet has approved the refarming of 687 MHz of spectrum from various government ministries for the deployment of 5G and future 6G services.

time-read
1 min  |
January 18, 2025
Financial Express Kolkata

Imran Khan gets 14-year jail term in graft case

A PAKISTANI COURT on Friday sentenced jailed former prime minister Imran Khan and his wife Bushra Bibi to 14 and seven years in prison respectively after finding them guilty of corruption in the 190 million pounds al-Qadir Trust case.

time-read
1 min  |
January 18, 2025