Revenue- Rs 17292 crore in Q4 FY26 vs Rs 16315 crore in Q3 FY26, up 6% QoQ
EBITDA – Rs 486 crore in Q4 FY26 vs Rs 368 crore in Q3 FY26, up 32.1% QoQ
EBITDA Margin – 2.8% in Q4 FY26 vs 2.3% in Q3 FY26, up 55 bps QoQ
Zomato Q4 reults 2026: Business performance in Q4FY26 – Key takeways
Food delivery (Zomato) NOV growth at 18.8% YoY (-0.9% QoQ) continues to improve for the third quarter in a row, inching closer to our long-term expectation of 20%+ YoY. GOV growth was at 22.5% YoY. On the margin front, Adjusted EBITDA margin (as a % of NOV) improved to 5.5% this quarter with the business delivering an absolute Adjusted EBITDA of INR 532 crore, a YoY growth of 24%.
Quick commerce (Blinkit) NOV growth remains strong at 95.4% YoY (8.2% QoQ). 216 net new stores were added in the quarter taking the total store count to 2,243 stores as at the end of the quarter. Adjusted EBITDA improved to INR 37 crore (0.3% of NOV) vis-à-vis INR 4 crore in the previous quarter.
Going-out (District) NOV growth accelerated to 46.5% YoY (5.8% QoQ) while Adjusted EBITDA losses reduced to INR 81 crore vs INR 121 crore loss in Q3FY26. As a result, Adjusted EBITDA margin (as a % of NOV) improved to -3.0% from -4.7% in Q3FY26.
Hyperpure’s restaurant supply Revenue growth improves to 37% YoY vs 33% in the previous quarter, with overall Adjusted EBITDA margin improving to 0.5% resulting in absolute Adjusted EBITDA profit of INR 5 crore (as compared to INR 1 crore in the previous quarter).
At a consolidated level, Adjusted Revenue grew 186% YoY (6% QoQ) to INR 17,680 crore, though like-for-like growth was 64% YoY (the difference reflects the accounting shift to inventory ownership in quick commerce, where revenue now includes the full value of goods sold rather than just marketplace commission).
Consolidated Adjusted EBITDA increased 160% YoY to INR 429 crore while increasing 18% QoQ (vs INR 364 crore in Q3FY26). B2C NOV grew 54% YoY (4% QoQ) to INR 26,880 crore.
