Zomato.

com
[email protected]

To To
Department of Corporate Services, Listing Department,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Dalal Street, C-1, G-Block, Bandra - Kurla Complex
Mumbai – 400 001 Bandra (E), Mumbai – 400 051

Scrip Code: 543320, Scrip Symbol: ZOMATO

ISIN: INE758T01015

Sub: Outcome of the Board Meeting held on August 03, 2023

Dear Sir/ Ma’am,

Pursuant to Regulation 30 and other applicable provisions of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), read with Securities and
Exchange Board of India circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 ("SEBI
Circular") and further to our prior intimation dated July 25, 2023 issued under Regulation 29 of the Listing
Regulations, we wish to inform you that the board of directors of Zomato Limited ("the Board" and "the
Company", respectively) at its meeting held today i.e., August 3, 2023 inter-alia, has considered and approved:

1. The un-audited financial results (standalone and consolidated) for the quarter ended June 30, 2023
(“Financial Results”). Further, the said results have been subjected to limited review by M/s Deloitte
Haskins & Sells, statutory auditors of the Company (“Auditors”). A copy of Financial Results, along with
the Limited Review Report issued by the Auditors is enclosed.

2. The amendment in the policy on determination of materiality for disclosure of events or information
(“Policy”), pursuant to SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment)
Regulations, 2023. Contact details of the person authorised KMP to determine materiality of an event or
information under the said Policy is given below:

Name Designation Phone Email ID

Akshant Goyal Chief Financial Officer 0124-4268565 [email protected]

3. The notice to be sent to the members of the Company and exchange(s) for convening the 13th (Thirteenth)
Annual General Meeting (“AGM “) on Wednesday, August 30, 2023 at 4:30 p.m. through video
conferencing or other audio video means containing the following matters:

a. To consider and adopt the audited standalone and consolidated financial statements of the Company for
the financial year ended March 31, 2023 together with the reports of the board of directors and auditors’
thereon;

b. To re-appoint Mr. Sanjeev Bikhchandani (DIN: 00065640), Non-Executive and Nominee Director, who
retires by rotation at the ensuing AGM and being eligible has offered himself for re-appointment; and

c. To re-classify existing unissued authorised preference share capital of the Company and allocate the
same to the authorised equity share capital of the Company.

ZOMATO LIMITED
Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India
CIN: L93030DL2010PLC198141, Telephone Number: 011 - 40592373
 Zomato.com
[email protected]

4. The cancellation of unissued authorised preference share capital of the Company and reallocation of the same
to authorized equity share capital of the Company and a consequent amendment in the Clause V i.e. capital
clause of the Memorandum of Association of the Company reflecting the change, subject to the approval of
shareholders in the ensuing AGM.

The meeting of the Board commenced at 2:07 P.M. and concluded at 3:03 P.M.

The above information will also be hosted on the website of the Company i.e., www.zomato.com

For Zomato Limited

Sandhya Digitally signed by

Sandhya Sethia

Sethia Date: 2023.08.03

15:12:21 +05'30'

Sandhya Sethia
Company Secretary & Compliance Officer
Place: Gurugram
Date: August 3, 2023

ZOMATO LIMITED
Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, India
CIN: L93030DL2010PLC198141, Telephone Number: 011 - 40592373
 Chartered Accountants
Deloitte 7 th Floor, Building 10, Tower B
DLF Cyber City Complex

Haskins & Sells DLF City Phase - II

Gurugram - 122 002
Haryana, India

Tel: +91 124 679 2000

Fax: +91124 679 2012

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF

CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF

ZOMATO LIMITED

1. We have reviewed the accompanying Statement of Consolidated Unaudited

Financial Results of ZOMATO LIMITED (''the Parent") and its subsidiaries (the
Parent and its subsidiaries together referred to as "the Group") and its share of
the net loss after tax and total comprehensive loss of its associate for the
quarter ended June 30, 2023 ("the Statement") being submitted by the Parent
pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015.

2. This Statement, which is the responsibility of the Parent's Management and

approved by the Parent's Board of Directors, has been prepared in accordance
with the recognition and measurement principles laid down in the Indian
Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed
under Section 133 of the Companies Act, 2013 read with relevant rules issued
thereunder and other accounting principles generally accepted in India. Our
responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on

Review Engagements (SRE) 2410 "Review of Interim Financial Information
Performed by the Independent Auditor of the Entity", issued by the Institute of
Chartered Accountants of India (ICAI). A review of interim financial information
consists of making inquiries, primarily of Parent's personnel responsible for
financial and accounting matters and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in
accordance with Standards on Auditing specified under Section 143(10) of the
Companies Act, 2013 and consequently does not enable us to obtain assurance
that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the

SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended, to the extent applicable.

4. The Statement includes the results of the following entities as mentioned in

Annexure 1.

5. Based on our review conducted and procedures performed as stated in

paragraph 3 above and based on the consideration of the review reports of the
other auditors referred to in paragraph 6 below, nothing has come to our
attention that causes us to believe that the accompanying Statement, prepared
in accordance with the recognition and measurement principles laid down in the
aforesaid Indian Accounting Standard and other accounting principles generally
accepted in India, has not disclosed the information required to be disclosed in
terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended, including the manner in which
it is to be disclosed, or that it contains any material misstatement.
Deloitte
Haskins & Sells
6. We did not review the financial results of two subsidiaries, whose financial
results reflects total revenue of Rs. 1,002 crores for the quarter ended June 30,
2023, total loss after tax of Rs. 214 crores for the quarter ended June 30, 2023
and total comprehensive loss of Rs. 213 crores for the quarter ended June 30,
2023, as considered in the respective standalone unaudited financial results of
the entity included in the Group. The financial results of these Subsidiaries have
been reviewed by the other auditors whose reports have been furnished to us
and our conclusion in so far as it relates to the amounts and disclosures included
in respect of these Subsidiaries, is based solely on the report of other auditors
and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of this matter.

7. The consolidated unaudited financial results include the financial information of

26 subsidiaries and 1 trust have not been reviewed by their auditors, whose
financial results reflects total revenues of Rs. 6 crores for the quarter ended
June 30, 2023, total loss after tax of Rs. 5 crores for the quarter ended June
30, 2023, and total comprehensive loss of Rs. 5 crores for the quarter ended
June 30, 2023 as considered in the Statement. The consolidated unaudited
financial results also include the Group's share of loss after tax of Rs. Nil for the
quarter ended June 30, 2023 and total comprehensive loss of Rs. Nil for the
quarter ended June 30, 2023, as considered in the Statement, in respect of one
associate based on their financial results which are unaudited. These financial
informations are unaudited and have been furnished to us by the Management
and our conclusion on the consolidated financial results in so far as it relates to
the amounts and disclosures included in respect of these subsidiaries, trust and
associate is based solely on such unaudited financial information. According to
the information and explanations given to us by the Management, these
financial informations are not material to the Group.

Our conclusion on the Statement is not modified in respect of our reliance on

the financial information certified by the Management.

;~;;1)
For Deloitte Haskins & Sells
Chartered Accountants
( Firm's Registration

\~2:::na (Partner)
(Membership No. 503760)
UDIN: 23503760BGYDQR9497

ace: Gurugram
,ate : August 03, 2023
Deloitte
Haskins & Sells
Annexure 1

S. No. Name of the Entity Relationship

1 Zomato Hyperpure Private Limited (formerly known as Subsidiary
Zomato Internet Private Limited)
2 Zomato Australia Pty Limited till June 11, 2023 Subsidiary
3 Zomato Middle East FZ-LLC Subsidiary
4 Tonguestun Food Networks Private Limited Subsidiary
5 Zomato Media Portugal, Unipessoal, Lda Subsidiary
6 Zomato Philippines Inc. Subsidiary
7 PT. Zomato Media Indonesia Subsidiary
8 Zomato Internet Hizmetleri Ticaret Anonim Sirketi Subsidiary
9 Zomato Internet LLC Subsidiary
10 Zomato NZ Media Private Limited till June 22, 2023 Subsidiary
11 Zomato Netherlands B.V. Subsidiary
12 Zomato Entertainment Private Limited Subsidiary
13 Gastronauci SP Z.0.0 Subsidiary
14 Zomato Slovakia s.r.o Subsidiary
15 Lunchtime.Cz s.r.o Subsidiary
16 Zomato Malaysia SON BHD Subsidiary
17 Zomato Chile SpA Subsidiary
18 Zomato Local Services Private Limited Subsidiary
19 Zomato Vietnam Company Limited Subsidiary
20 Zomato Media (Private) Limited Subsidiary
21 Zomato Inc. Subsidiary
22 Delivery 21 Inc. Subsidiary
23 Zomato Ireland Limited Subsidiary
24 Zomato Foods Private Limited Subsidiary
25 Carthero Technologies Private Limited Subsidiary
26 Foodie Bay Employees ESOP Trust Trust
27 ZMT Europe LOA Associate
28 Zomato Payment Private Limited Subsidiary
29 Zomato Financial Services Limited Subsidiary
30 Blink Commerce Private Limited formerly known as Subsidiary
Grofers India Private Limited
 zomato Zomato Limited
CIN: L93030DL20IOPLCI98141
Registered office- Ground Floor, 12A, 94 Mcghdoot, Nehru Place, New Delhi• 110019, Delhi, India
Telephone-011-40592373, Email- [email protected], Website- www.zomato.com

Statement of consolidated unaudited financial results for the quarter ended June 30, 2023
(INR crorcs)
Quarter ended Year ended
June 30, March 31, June 30, March 31,
S. No. Particulars 2023 2023 2022 2023
Unaudited Unaudited Unaudited Audited
{refer note 7)
I Revenue from operations 2,416 2.056 1.414 7,079
II Other income 181 171 168 682
Ill Total income (l+11) 2,597 2,227 1,582 7,761

IV Expenses
Purchase of stock-in-trade 557 438 261 1,438
Changes in inventories of stock-in-trade 5 2 (7) {43)
Employee benefits expense 338 340 349 1,465
Finance costs 18 15 5 49
Depreciation and amortisation expenses 130 134 42 437
Other expenses
Advertisement and sales promotion 314 302 278 1,227
Delivery and related charges 810 719 572 2,537
Others 440 481 268 1,665
Total expenses 2,612 2.431 1,768 8,775

V Loss before share of profit/ (loss) of an associate, exceptional items and tax (Ill-IV) (15) (204) (186) (1,014)

VI Share of profit/ (loss) of an associate and joint venture (0) (I)

VII Loss before exceptional items and tax (V+VI) 1204

VIII Exceptional items (refer note 3)

"' '186\ Cl,015

0 0

IX Profit/ (loss) before tax (Vll+VIII) '15 1204 (186) (1,015

X Tax expense:
Current tax 0 0 0
Deferred tax (17) (16) {44)

XI Profit/ (loss) for the period/ year (IX-X) (188 (186) (971

XII Other comprehensi,•e income/ (loss)

(i) Items Iha\ will not be reclassified to profit or loss
• Remeasurements of the defined benefit plans (I) (I) 4
• Equity instruments through other comprehensive income 47 28 {81) (111)
• Income tax relating to above

(ii) Items that will be reclassified to profit or loss

- Exchange differences on translation of foreign operations (2) (5) 8
- Debt instruments through other comprehensive income (3). 0 0
- Income tax relating to above

Other comprehensive income/ (loss) for the period / year 41 f7?l

26
"'
XIII Total comprehensi\•e income/ {loss) for the period/ year (Xl+XII)
" (162) (263) (1,070)

XIV Profit/ {loss) for the period/ year attributable to:

Equity shareholders of the parent (189) (186) (971)
Non-controlling interest I (0) 0

XV Other comprchensh•e income/ (loss) for the period/ year attributable to:
Equity shareholders of the parent 41 26 (77) (99)
Non-controlling interest 0 (0) (0) (0)

XVI Total comprehensive income/ (loss) for the period/ year attributable to:
Equily shareholders of the parent 43 (163) (263) (1,070)
Non-controlling interest 0 I (0)

XVII Paid-up share capital (face ,•alue oflNR 1 per share) 840 836 765 836

XVIII Other equity 18.624

XIX Earning/ (loss) per equity share (INR) 1 (face ,·alue oflNR I each)
(a) Basic 0.00 (0.23) (0.24) {1.20)
(b) Diluted 0.00 (0,23) (0,24) {1.20)

1
E/'S is 110/ ammofm!(/fhr /he '1111e 30, 2023, Murel, 31, 2023 aml.!1111e 30, 2022,
 Zomalo Limited
Noles lo the consolidated una udited financial res ults

The statement of consolidated unaudited fi nancial results for the quarter ended June 30, 2023 ("F inancial Results"") have been reviewed by the Audit Committee and approved by the Board of Di rectors at their
respective meetings held on August 03, 2023.

The Financial Results has been prepared in accordance with 1he recognition and measurement principles laid down in 1he Indian Accounti ng Standard 34 " Interim Financial Rcpo11ing" ('"Ind AS 34.. ).
prescribed under Section 133 of the Companies Acl, 2013 read wit h relevant rules issued thereunder and other accounting principles generally accepted in India.

Exceptional item includes:

t JNR crores
Qua rtt r ended Yea r ended
Pa rticulars June 30, March 31, June 30,
March 31, 2023
2023 2023 2022
Gain on sale/ disposal of investmen1 including foreign 0 0
currency translation reserve on foreign subsi di aries sold /
disposed off durin g the period I year
Total 0 0

Consolidated segment inform:11ion

Operating segments are defined as components ofan enterprise for which discrete financial information is available that is evalua ted regularly by the chief operating decision maker (CODM), in deciding how
to allocate resources and assess ing performance. The Group' s chief operating decis ion maker is the Managing Director a nd Chief Executive Officer.
The business segments comprises of:
I. India food ordering and delivery
2. Hyperpure suppli es ( 8 2B busi ness)
3. Quick commerce business
4. All other segments (residual)

Indi a food ordering and delivery is the online platfom1 through which the Company faci litale food orderi ng and delivery of the food items by connect ing the end users, restauranl partners and delivery
personnel.
Hyperpure is our farnHo-fork supplies offering for restaurants in India and sale of ite ms 10 businesses for onward sales.
During the previous year ended March 31, 2023, the Group had acquired Blink Commerce Priva te Limited ("Blinki1") which is a quick commerce online platform facilitating quick delivery of goods and other
essentials by conn ecting the end users, delivery personnel and sellers and providing delivery services; and warehousing and ancillary services business ("Warehousing division~) of Hands-On Trade Private
Limited ("HOTPL ") which provides warehousing and ancillary services 10 the sellers. These arc coll ectively classified as Quick commerce business.
The Group has combined and disclosed balancing number in all other segments which are not reportable.

Revenue and expenses directly attributable to segments are reported under each reportable segment Expenses whic h are not directly identifiable to any reporti ng segment have been allocated to respective
segments based on the number of orders, number of employees or gross marke1 value as reviewed by CODM.
(a) Summarised segment information is as follows:
(INRcrores)
Q ua rter ended Year ended
June 30, March 31, June 30, March 31,
Pa rliculars 2023 2023 2022 2023
Unaudited Unaudited Unaudiled Audited
(refer note 7\
Revenue from operations (exte rnal customers)
India food ordering and delivery 1,372 1, 172 1,074 4,533
Hyperpurc supplies (828 business) 6 17 478 273 1,506
Quick commerce business 384 363 806
All 01her sc~ments (residual) 43 43 67 234
Total 2.416 2.056 1.414 7,079
Revenue from operations (inter-segment)
India food ordering and delivery 3 3 4
Hyperpure supplies (B2B business) 0 0 0 I
Quick commerce business I 3 3
All other se1•men1s (residua l) 6 5 3 20
Total 10 II 3 28
Segment res ults
India food ordering and delivery 186 82 ( 112) (5 )
Hyperpur e supplies (B2B business) (29) (40) ( 44) ( 18 1)
Qui ck commerce business (105 ) ( 179) (503)
All other segments (residual) (0) (5) 6 (16)
Segment Results 52 ( 142) ( 150) (705)
Add . other income IS i 171 168 682
Less: share based payment expense 100 84 157 506
Less: finance costs 18 15 5 49
Le ss: deprecia1ion and amonizati on expense 130 134 42 437
Add: exceptional items 0 0
Loss befor t tax 11 5 (204 1186 f l ,015

During the previous year ended March 3 1, 2023, the Board of Directors of the Company on June 24, 2022 had approved acq uisition ofu p to 33,018 (thirty three thousand and eighteen) equity shares of Blink
Commerce Private Limited (formerly known as Grofers lndia Private Limited) (NBCPL") for a total purchase consideration of fNR 4,448 crores at a price of JNR 1,346,986.0 I per equity share by issuance and
allotment of up to 628,530,012 (six hundred twe nty eight mi llion five hundred thiny thousand and twelve) fully paid-up equity shares of the Company having face value of INR 1/- (Indian Rupee One) each at a
price of INR 70.76 per equity share which was the price determined in accordance wi th c hapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requi re ments) Regulations,
2018 ("SEB I ICDR Regulations"), for a consideration other than cash (for discharge of entire purchase consideration) from the shareholders of BCPL.

On August 10, 2022, Zomato Limited completed 1he above acquisiti on by issuing 628,530,012 fully paid-up equi1y shares of Zomato Limited having face value of INR 1/- ( Indian Rupee One) for 91.04%
ownership interest. The same was accounted using the share price of Zomato Limited as on the acquisition date of INR 55.45 per equity share which amoun1ed to INR 3,485 crores. Total consideration of INR
3,828 crores includes LN R 3,485 crores for which shares were issued as ment ioned above and fNR 343 crores of fair value of existi ng ownership interest of8.96% in BCPL as on date of acquisition

Blinkit is a quick commerce onlinc platform facilitating quick delivery of goods and other essentials by connecting the end users, delivery personnel and sellers and providing delivery services The Group has
acquired Blinkit for expansion in 1he quid commerce business.
The purchase pnee alloeahon is based on management's estimates and fair values as follows

Particulars Amount IINR crorcs)

lntanl!.ible assets
Brand' 797
Techno!ol!V 225
O1her intanl!ible assets 144
Deferred tax liabi!itv (293)
Cash and bank balances 403
Other net assets/ (liabilitv) (955)
Goodwill 3,507
Total Purchase Consideration 3.828

#Useful lives arc estimated to 1 year for customer relationships and 5 years for rest of the intangible assets

The excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill The primary items 1ha1 generated this goodwill are the value of the estimated synergies and
entering into quick commerce business neither of which qualify as an intangible asset Goodwill is no1 !ax-deductible

Additiona1Jy, as on August I 0, 2022, Zomato Hyperpure Private Limited (formerly known as Zomato ln1cmct Privale Limited), ma1erial subsidiary of1he Company has acquired 1he warehousing and ancillary
serYices business ("Warehousing division") of Hands on Trades Private Limited ("HOTPL", fellow subsidiary ofBCPL). for an aggregate cons1derauo11 ofINR 61 crorcs paid 111 cash. The Group has acquired
warehousing division for expansion in the quick commerce business The purchase price of INR 61 crores is allocated to Net Assets oflNR 61 crores and hence no goodwill is recognised

The above results for the quarter ended June 30, 2023 and March 31, 2023 arc not comparable with the previous quarter ended June 30, 2022 due to facts as memioned in Note 5

The figures oft he fourth quar1cr are the balancing figures between audited figures in respect of the fu!I financial year and published year to date figures upto the third quarter of the relevam financial year

Foca
"",behalf
~,d :t_;f D;mJo,s of Zom'1o UmH,d

Dcepi
Date: August 03, 2023 :\lanag g rand Chief Exccutin• Officer
Place: Gnrugram (DIN-02613583)

ask;IJ

hald
countants
<I'

'If
 Chartered Accountants
Deloitte 7th Floor, Building 1O, Tower B
DLF Cyber City Complex

Haskins & Sells DLF City Phase. II

Gurugram • 122 002
Haryana, India

Tel: +91 124 679 2000

Fax:+911246792012

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF STANDALONE

FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF

ZOMATO LIMITED

1. We have reviewed the accompanying Statement of Standalone Unaudited

Financial Results of ZOMATO LIMITED (''the Company") for the quarter ended
June 30, 2023 ("the Statement"), being submitted by the Company pursuant
to the requirement of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.

2. This Statement, which is the responsibility of the Company's Management and

approved by the Company's Board of Directors, has been prepared in
accordance with the recognition and measurement principles laid down in the
Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"),
prescribed under Section 133 of the Companies Act, 2013 read with relevant
rules issued thereunder and other accounting principles generally accepted in
India. Our responsibility is to express a conclusion on the Statement based on
our review.

3. We conducted our review of the Statement in accordance with the Standard on

Review Engagements (SRE) 2410 'Review of Interim Financial Information
Performed by the Independent Auditor of the Entity', issued by the Institute of
Chartered Accountants of India (ICAI). A review of interim financial information
consists of making inquiries, primarily of the Company's personnel responsible
for financial and accounting matters and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in
accordance with Standards on Auditing specified under section 143(10) of the
Companies Act, 2013 and consequently does not enable us to obtain assurance
that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as stated in paragraph 3 above, nothing has

come to our attention that causes us to believe that the accompanying
Statement, prepared in accordance with the recognition and measurement
principles laid down in the aforesaid Indian Accounting Standard and other
accounting principles generally accepted in India, has not disclosed the
information required to be disclosed in terms of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended, including the manner in which it is to be disclosed, or that it contains
any material misstatement.

5. We did not review the financial information of one trust included in the
Statement whose financial information reflects total revenue of Rs. nil for the
quarter ended June 30, 2023, total net profit after tax of Rs. 0.6 crore for the
quarter ended June 30, 2023, and total comprehensive income of Rs. 0.6 crore
for the quarter ended June 30, 2023, as considered in this Statement. These
financial information are unaudited and have been furnished to us by the
Management and our conclusion on the standalone financial results in so far as
it relates to the amounts included in respect of the trust is based solely on such
Deloitte
Haskins & Sells
unaudited financial information. According to the information and explanations
given to us by the Management, this financial information is not material to the
Company.

Our conclusion on the Statement is not modified in respect of our reliance on

the financial information certified by the Management.

For Deloitte Haskins & Sells

Chartered Accountants
(Firm's Registration No. 015125N)

Jrv~~ (Partner)
(Membership No. 503760)
UDIN : 23503760BGYDQQ7756

e: Gurugram
te: August 03, 2023
 zomato Zomato Limited
CIN: L93030DL2010PLCl98141
Registered office- Ground Floor, 12A, 94 Meghdool, Nehru Place, New Delhi- 110019, Delhi, India
Telephone- 01 !-40592373, Email- [email protected]. Website- www.zonrnto.com

Statement of standalone unaudited financial results for the quarter ended June 30, 2023
(INR crorcs)
Quarter ended Year ended
June 30, March 31, June 30, March 31,
S.No. Particulars 2023 2023 2022 2023
Unaudited Unaudited Unaudited Audited
I refer note 6'
I Revenue from operations 1,420 1,207 1,132 4,707
II Other income 186 204 172 800
Ill Total income (1+11) 1,606 1.411 1.304 5,507

IV Expenses
Purchase of stock-in-trade 0 I I
Changes in inventories of stock-in-trade (0) (0) (0)
Employee benefits expense 202 216 319 1,117
Finance costs 5 4 3 16
Depreciation and amortisation expenses 18 22 38 140
Ocher expenses
Advertisement and sales promotion 283 250 278 1,094
Delivery and related charges 638 536 572 2,135
Others 184 200 232 887
Total expenses 1,330 1,229 1,442 5,390

V Profit/ (loss) before exceptional items and tax (Ill-IV) 276 182 1138 117

VI Exceptional items

VII Profit/ (loss) before tax (V+VI) 276 182 (138 117

VIII Tax expense:

Current tax 0 0
Deferred tax -

IX Profit/ (loss) for the period/ year (VII-VIII) 276 182 (138\ 117

X Other comprehensh•e income/ (loss)

(i) Items chat will not be reclassified to profit or loss
- Remeasurements of the defined benefit plans (2) 2 (2) 1
• Equity instruments through other comprehensive income 47 28 (81) {Ill)
- Income tax relating to above

(ii) Items that will be reclassified to profit or loss

- Exchange differences on translation of foreign operations (OJ (2) 5 8
- Debt instruments through other comprehensive income (3) 0 0
- Income tax relating to above

Other comprehensive income / (loss) for the period / year 42 28 {78) 1101

XI Total comprehensive income/ (loss) for the period/ year (IX+X) 318 210 1216 16

XII Paid-u11 share capital (face value ofINR I per share) 840 836 765 836

XIII Other equity 19,970

XIV Earnings/ (loss) per equity share (INR) 1 (face value ofINR I each)
(a) Basic 0.33 0.22 (0.18) 0.14
(b) Diluted 0.31 0.20 (0.18) 0.13

1
EPS is 1101 a111111ahscdfor rhc q11arlcre11ded.J1111c 30, 2023, March 31, 2023 and June 30, 2022.

~
 Zomato Limited
Notes to the standalone unaudited limmci:d results

The statement of s1andalone unaudited financrnl resuhs for the quarter ended June JO, 2013 {"Financial Results") have been reviewed by the Audit Committee and approved by the Board of Directors at their
respective mee1mgs held on August 03. 2023

The Fmancm! Results has been prepared m accordance with the recognition and measurement prme1ples laid down m the Indian Accounting Standard 34 "Interim Fmancrnl Reportmg" ("Ind AS 34"),
prescribed under Section 133 of the Companies Act. 20!3 read with relevant rules issued thereunder and other accounting pr111c1ples generally aceep1cd 111 India

The Company pubhshcs these financial results along wuh the consolidated financial results In accordance with Ind AS 108, 'Operating Segments', the Company has disclosed the segment mformatmn 111 the
consolidated financrn! resuhs

Durmg the previous year ended March 31, 2013, the Board of Directors of the Company on June 14, 2021 had appro\·ed aequ1sit1on of up to 33,018 (thirty three thousand and eighteen) equity shares ofBhnk
Commerce Private Limned (formerly known as Grofers India Private Limited) ("BCPL") for a total purchase cons1derahon of JNR 4,448 crores at a pnce of JNR 1,346,986 01 per eqmty share by issuance and
allotment ofup to 628,530,012 (six hundred twenty eight million five hundred thirty thousand and twelve) fully paid-up equity shares of the Company having face value of!NR 11- (Indian Rupee One) each at
a price of INR 70 76 per eqm!y share which was the pnce determmed m accordance with chapter V of the Securiues and Exchange Board oflndrn (Issue of Capital and Disclosure Requirements) Regulations,
1018 ("SEBI ICDR Regulauons"), for a consideration olhcr than cash (for discharge of entire purchase cons1derat10n) from the shareholders ofBCPL Bhnk1t 1s a quick commerce onlme platform fac!litatmg
quick dehvery of goods and other cssentrnls by conncctmg the end users, delivery personnel and sellers and providmg delivery services The Company has acquired Blmk1t for expansrnn m the qmek
commerce busmess

On August 10, 2012, Zomato Limned comp!e1ed the above aequ1s1t10n by issumg 618,530,012 fully paid-up eqmty shares of Zomato L1m11ed having face value of INR 11- (Indian Rupee One) The same was
accounted usmg the share pnce ofZomato Limited as on the acqms1t10n date ofJNR 55 45 per equity share which amounted to ll\'R 3,485 crorcs

Tota! mvestment of INR 3,818 crorcs mcludes JNR 3,485 crores for which shares were issued as mentioned above and INR 343 erores of fair value of ex1stmg ownership mterest of 8 96% m BCPL as on date
of acquis1hon

Additionally, as on August 10, 2021, Zomato Hyperpure Private Lim1tcd (formerly known as Zomato Internet Private L1m1ted), material subsidiary oflhe Company has acqmred the warehousing and ancillary
services busmess ("Warehousing division") of Hands on Trades Private Limned ("HOTPL", fellow subsidiary of BCPL), for an aggregate consideration ofJNR 61 erores paid in cash. The Company has
acquired warehousing d1v1srnn for expansion m the quick commerce busmess The purchase eons1deration ofJNR 61 crores includes cash consideration

The Company has made long term strategic inves1ments 111 cenmn subsidiary compames, which are 111 1he1r imtrnl/developmg stage of operation and would generate growth and returns over a penod oft1me
These subsidiaries have mcurred significant expenses for building the brand, market share and operauons which have added 10 the losses oflhese enuues The parent has committed to provide support to each
of its subsidrnnes m the event they are unable to meet their individual l1ab1lmes
Owing to the losses mcurred by Zomato Hyperpurc Pnvate Limited (""ZHPL""), Blink Commerce Pnvate Limited (formerly known as Grofers India Private L1m1ted) (""BCPL'") and Zomato Entertamment
Private Limited (""ZEPL"") (accumulated losses as of June 30, 1023 bemg INR 542 crores and INR 16 crores for ZHPL and ZEPL respectively and losses of JNR 914 crores for BCPL durmg the penod
August I 0, 1022 10 June 30, 1023) (""subsidiary companies'"), the Company earned out an impairment assessment basis fair value of the enuty determined by a valuer using discounted future cash flows
approach as on December 31, 1011 for ZHPL and BCPL and as on February 28, 1023 for ZEPL. Based on the review of the performance and future plan of the subsidiaries, the Company concluded tha1 no
impairment 1s required as at June 30, 2013. The same was noted by the Audit Committee and the Board

6 The figures of the founh quarter are the balancing figures be1ween audited figures 111 respect of the full financial year and pubhshed year to date figures upto the third quarter of the relevant financial year

Foe ,md ,: b,h,tr of J;;:""" ,rz,m,t, Limited

D,ep;,d,~~
Dale: August 03, 2023 Managing Director and ChiefExecuth•e Officer
Place: Gurugrnm (DIN-02613583)