{"id":3196,"date":"2024-12-14T11:14:47","date_gmt":"2024-12-14T05:44:47","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=3196"},"modified":"2024-12-14T11:14:49","modified_gmt":"2024-12-14T05:44:49","slug":"zepto-fy24-results-revenue-doubles-to-rs-4454-cr-from-rs-2026-cr-in-fy23","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/zepto-fy24-results-revenue-doubles-to-rs-4454-cr-from-rs-2026-cr-in-fy23\/","title":{"rendered":"Zepto FY24 results: Revenue doubles to Rs 4,454 cr from Rs 2,026 cr in FY23"},"content":{"rendered":"\n<p id=\"speakable-summary\">Quick commerce major Zepto experienced a substantial surge in revenue. It reported an impressive increase of approximately 120%, with revenues climbing from Rs 2,026 crore in FY23 to Rs 4,455 crore in FY24. This growth was attributed to the growing trend of customers opting for 10-minute deliveries.<\/p>\n\n\n\n<p id=\"speakable-summary\">Zepto saw strong revenue growth, which helped to partially offset its losses thanks to improved margins. The company&#8217;s net loss decreased by 2%, totaling Rs 1,248.64 crore in FY24 compared to Rs 1,271.84 crore in FY23. As a result, the loss as a percentage of revenue decreased significantly from 63% in FY23 to 28% in FY24.<\/p>\n\n\n\n<p>Zepto significantly invested in marketing, materials, and other expenses, leading to a 72% rise in total expenses from Rs 3,350 crore in FY23 to Rs 5,747 crore in FY24. Despite this substantial increase, the company managed to reduce its losses slightly, by approximately 2%, from Rs 1,272 crore in FY23 to Rs 1,249 core in FY24.<\/p>\n\n\n\n<p>&#8220;Our accounting revenue has grown 120% year-on-year from&#8230;Even with 120 percent growth, our absolute losses came down year-on-year with PAT as a percentage of revenue improving from -63% in FY23 to -28% in FY24. We expect to continue this growth momentum with a clear path to PAT profitability in the near term,&#8221; CEO and co-founder Aadit Palicha said on LinkedIn.<\/p>\n\n\n\n<p>Zepto&#8217;s largest expenditure in the fiscal year was on the purchase of goods, totaling Rs 3,449.83 Cr. This marked a 77% increase from the previous year&#8217;s expenditure of Rs 1,953.03 Cr.<\/p>\n\n\n\n<p>Employee Expenses: Zepto allocated Rs 426.30 crore towards its workforce, showing a 62% increase from the previous fiscal year&#8217;s expenditure of Rs 263.45 crore.<\/p>\n\n\n\n<p>Warehousing Cost: Expenditure for warehousing totaled Rs 492.65 crore, reflecting a 43% increase from the previous fiscal year&#8217;s spending of Rs 344.79 crore.<\/p>\n\n\n\n<p>Ad Expenses: Zepto invested Rs 303.55 Cr in advertising and promotion in FY24, representing a 41% increase from the previous fiscal year&#8217;s expenditure of Rs 215.82 crore.<\/p>\n\n\n\n<p>Established in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto Datalabs offers speedy 10-minute delivery services for various products including groceries, packaged foods, ready-to-eat meals, daily essentials, and electronics.<\/p>\n\n\n\n<p>In 2024, Zepto embarked on a successful fundraising journey, securing a total of over $1.3 billion in three rounds of funding. The company raised $665 million in June, followed by $340 million in August, and an additional $350 million in November.<\/p>\n\n\n\n<p>Zepto is one of the top three quick commerce companies in India, competing with Zomato&#8217;s Blinkit and Swiggy Instamart. While Blinkit leads the market, Swiggy Instamart and Zepto are in a close competition. In terms of revenue, Zepto surpasses both competitors.<\/p>\n\n\n\n<p>In the fiscal year FY24, Blinkit generated revenue of Rs 2,301 crore, Swiggy Instamart had total sales of Rs 1,100 crore, and Zepto outperformed with a top line of Rs 4,455 crore.<\/p>\n\n\n\n<p>These three companies face competition from Flipkart Minutes, Tata BigBasket, and are gearing up for the entry of industry giants like Amazon.<\/p>\n\n\n\n<p><strong>Zepto&#8217;s IPO plans<\/strong><\/p>\n\n\n\n<p>Palicha expressed optimism regarding the potential for an initial public offering (IPO) in 2025. In November, Zepto secured $350 million in fresh funding from prominent domestic investors such as Indian HNIs, leading financial institutions, and family offices in a round championed by Motilal Oswal&#8217;s Private Wealth division. The funding round was aimed at bolstering domestic ownership in anticipation of a potential IPO in 2025, according to Palicha.<\/p>\n\n\n\n<p>Palicha told news agency PTI: &#8220;That&#8217;s our ambition&#8230;of course, capital markets may change, but for now we&#8217;re optimistic if the business continues to perform as well, that we will go public in calendar 2025.&#8221;<br>It is worth noting that Zepto&#8217;s rivals, Zomato, which operates Blinkit, and Swiggy, which runs Instamart, are listed on the stock exchanges.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/instagram.com\/Eqwires\">Instagram<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick commerce major Zepto experienced a substantial surge in revenue. It reported an impressive increase of approximately 120%, with revenues climbing from Rs 2,026 crore in FY23 to Rs 4,455 crore in FY24. This growth was attributed to the growing trend of customers opting for 10-minute deliveries. Zepto saw strong revenue growth, which helped to partially offset its losses thanks to improved margins. The company&#8217;s net loss decreased by 2%, totaling Rs 1,248.64 crore in &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/zepto-fy24-results-revenue-doubles-to-rs-4454-cr-from-rs-2026-cr-in-fy23\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Zepto FY24 results: Revenue doubles to Rs 4,454 cr from Rs 2,026 cr in FY23&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":3197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,75,210,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-3196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trad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