India food delivery business reported its highest gross order volume, which rose 37% sequentially $605 million (about Rs 4,540 crore) in the first quarter.
Zomato said its adjusted revenue, including sales from operations and customer delivery charges, rose 26% over the preceding quarter to Rs 1,160 crore.
"Revenue growth was largely on the back of growth in our core food delivery business which continued to grow despite the severe Covid wave starting April," Zomato said in its note to shareholders. The pandemic, however, significantly impacted the dining-out business in the first quarter of FY22, reversing most of the gains of the fourth quarter of FY21.
India dining-out revenue shrunk over the previous quarter because of restrictions on eating outlets.
Zomato's adjusted operating loss stood at Rs 170 crore, compared with Rs 120 crore Ebitda loss in the prior quarter.
Zomato Q1 Results: Loss Widens On ESOPs To Founder-CEO Goyal - BloombergQuint
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