Zomato

zomato Info
zomato.com
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To To
Department of Corporate Services, Listing Department,

BSE Limited National Stock Exchange oflndia 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 May 23, 2022
Dear Sir/Iv1a'am,
Pursuant to Regulations 30 and 33 and other applicable provisions of the Securities and Exchange
Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("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., May 23, 2022, inter alia, has considered,
approved and taken on record the financial results (standalone and consolidated) for the quarter and
financial year ended March 31, 2022 ("Financial Results").
We would like to state that Mis Deloitte Haskins & Sells , statutory auditors of the Company, have
issued audit reports with unmodified opinion on the Financial Results.
We hereby enclose the following:

• Shareholders letter from Mr. Deepinder Goyal, Managing Director & Chief Executive Officer
of the Company, and i\1r. Akshant Goyal, Chief Financial Officer of the Company
• Financial Results;
• Audit Report;
• Declaration w.r.t umnodified opinion on the audit report
The meeting of the Board commenced at 4:00 P.M. and concluded at 5.15 P.M.
The infonnation will also be hosted on the website of the Company i.e. http ://www.zomato .com
Kindly take the same on record.
Thanking You
By Order of the Board
For Zomato Limited
(formerly known as Zomato Private Limited)
~
Sandhya Set ia
Company Secretary & Compliance Officer
Place: Gurugram
Date: May 23, 2022
ZOMATO LIMITED
(Formerly known as Zomato Private Limited)
Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 110019, Delhi, India.
CIN: L93030DL2010PLC198141 , Telephone Number: 011 - 40592373
Dear Shareholders,
We have been receiving a lot of good vibes for the candor and readability of our shareholders’
letters since (and before) our listing. The objective of these letters has been to share progress of
our business with you in a friendly and engaging format.
I believe that we should always continue to look for areas to iterate and improve every aspect of
our life. Nothing should be, because it has been. In the spirit of iterations, we are introducing a
new format of our shareholders’ letter; which is a conversation between us (Akshant and I) and a
fictitious third person (in our minds, a savvy investor - let’s call her Ms Savvy) who is
interviewing/grilling us.
This format is inspired by one of my all time favourite books “All I want to know is where I'm going to
die so I'll never go there – Buffett and Munger - A Study in Simplicity and Uncommon, Common
Sense”.
We are confident that you will like this new format, as this is more direct, more informative, and
calls out the elephant(s) in the room. And if there’s anything else that you are still curious about,
we look forward to speaking to you in our scheduled earnings call at 5:30 pm, India time, May
24th.
Best,
Deepinder
Ms Savvy: How was Zomato’s performance in the last quarter (Q4FY22)? What
was the topline and bottomline growth across various business segments?
Akshant: Our Adjusted Revenue grew 8% quarter-over-quarter (“QoQ”) and 67% year-over-year (“YoY”) to
INR 15.4 billion in Q4FY22. Adjusted EBITDA loss reduced to INR 2.2 billion (-15% of Adjusted Revenue) in
Q4FY22 as compared to INR 2.7 billion (-19% of Adjusted Revenue) in Q3FY22.
Please see the table below for the quarterly break-up of Adjusted Revenue and Adjusted EBITDA into our
three main business segments:
Note:
1) This number reported in the earlier shareholders’ letter was appearing as INR 0.8 billion (INR 750 million), the audited segment
number is INR 0.7 billion (INR 748 million) and accordingly we have changed this number here.
2) Unallocated costs include server & tech infrastructure costs, corporate salary costs and other corporate overheads.
On a free cash flow (FCF) basis (defined as cash flow from operations less net purchase of property, plant
and equipment), we witnessed an outflow of INR 2.1 billion in Q4FY22.
Note: We have converted millions into single decimal billions and hence there could be some totalling anomalies in the numbers
displayed here.
Q2. Is it true that FCF is more than Adjusted EBITDA? Why is that?
Akshant: Yes, for the last four quarters, FCF has been more than Adjusted EBITDA. This is because our
working capital is usually negative (cash is collected upfront from customers and paid to delivery partners
and restaurant partners in a few days) and capex in our business is small (our long-term investments in
customer acquisition and product development are expensed-off in our P&L).
Q3. Growth seems to have started recovering post a lackluster “post-COVID” Q3.
Is the post-COVID lull over?
Deepinder: Yes, we did see a low QoQ growth in Q3FY22 as dining-out and travel opened up post COVID. We
believe that was a one time correction of our growth trajectory on the back of two strong quarters. We
think our growth trajectory is back on track, and we don’t foresee “post-COVID ramifications” affecting our
growth rate anymore. Having said that, even before COVID, growth in our business has been lumpy (and not
linear) – so it is essential to take a long term view of our business.
Q4. Adjusted EBITDA losses have been coming down in the last two quarters now.
What is the expectation going forward especially in light of acceleration in
growth?
Deepinder: We are aiming for accelerated growth along with further reduction in losses (and increasing
profits in some time). We are clear on what our long term shareholders expect of us and we are working
hard to deliver on both growth and profitability expectations.
Akshant: We expect our Adjusted Revenue growth to accelerate to double digits in the next quarter and
the Adjusted EBITDA losses to also come down meaningfully. Reduction in losses will be driven by
improvement in contribution margin of the food delivery business and also operating leverage playing out
as our revenue is growing faster than our fixed costs.
Q5. Can we double click on the food ordering and delivery business? How was
the GOV growth and contribution margin in Q4FY22?
Akshant: Gross Order Value (“GOV”) grew by 6% QoQ and 77% YoY to a record high of INR 58.5 billion in
Q4FY22. This was driven by healthy growth in order volumes while the average order value remained
stable.
On the profitability front, Contribution as a % of GOV increased to 1.7% in Q4FY22 as compared to 1.1% in
Q3FY22. Adjusted EBITDA (for food delivery) as a % of GOV was -1.3%, as compared to -2.2% in Q3FY22.
Q6. What led to the higher contribution margin in Q4FY22 as compared to

Q3FY22?
Akshant: Without getting into specifics, I would say that we are seeing progress across multiple levers
that drive contribution margin. The key levers on the revenue side are restaurant commission rates,
ad-sales and customer delivery charges. Whereas on the cost side, the key levers are delivery cost,
discounts and other variable costs. We take real-time calls on these levers, which drive the economics of
our business and hence quarter on quarter trends can sometimes be volatile for a particular lever.
Q7. What is your expectation of long term contribution margin in food delivery?
And what will drive that improvement?
Akshant: We expect to get to a double digit contribution margin (as a % of GOV) in the long term as we are
already seeing some of our cities trending towards that.
Deepinder: Continuous and better execution will drive the improvement from where we are today.
Q8. In Q3FY22, we saw the monthly transacting customers reducing QoQ. How
were the numbers in Q4FY22?
Akshant: Average monthly transacting customers were at an all time high of 15.7 million last quarter
growing from 15.3 million in the previous quarter. Likewise, average monthly active restaurant partners
and delivery partners were at all time highs as well.
Q9. How about new customer acquisition? How is that trending?
Akshant: New customer addition remains healthy and similar to Q3 numbers despite reduced marketing
spends (-14% QoQ).
Q10. What drives retention of new customers once they are acquired?
Deepinder: Our new customer acquisition efficiency, as well as customer repeat rate and frequency,
improves when the underlying markers of our service improve. These underlying markers can be summed
up as AAAQ (Assortment, Accessibility, Affordability, and Quality). Assortment goes up when the number of
restaurants serving a customer goes up. Accessibility in our parlance is equal to delivery time, and we
have seen customer retention (and frequency) go up with reduction in delivery time. Affordability is about
the cost of restaurant food. And Quality goes up when more high quality (not necessarily more expensive)
restaurants open up to serve in a neighborhood.
Q11. How many cities is Zomato present in now?
Akshant: We launched 300+ new cities in Q4FY22. We are now present in 1,000+ towns and cities across
India.
Q12. How much of the growth in the last quarter was contributed by these 300
new cities?
Akshant: The new cities launched during the quarter added only ~0.2% to our GOV.
Q13. How are the economics of smaller cities different from that of large cities?
Deepinder: Currently we are seeing that the contribution margin in a smaller city is lower than the larger
cities, given the lower order values. As observed across various cities, this will change as the order density
goes up, network effect kicks in, and we are then able to lower marketing costs as well as delivery costs.
Anyway, we care more about contribution $ than % margin. If we are able to generate growth and absolute
profits from these cities, it would be overall accretive to our P&L.
Q14. Do long-tail cities really matter? What is the GOV share of top 8 cities vs the
smaller cities?
Deepinder: Top 8 cities contributed ~60% of our GOV in Q4FY22; top 300 contributed ~99%. Beyond the
top 300 cities, the GOV share is currently minuscule at <1% but we expect it to grow. Our presence in these
cities is for the long term, as demographics in India upgrade rapidly.
Q15. How many of your top 300 cities are contribution positive?
Akshant: As the restaurant food ecosystem matures and becomes more dense, we are seeing rapid
changes in profitability of smaller cities. The number of cities which were contribution positive in our top
300 cities was 120+ in FY22 (up from 5 cities in FY20).
Q16: Can you share detailed unit economics for the quarter so that we can
understand the break-up of contribution margin?
Akshant: We would love to but cannot share detailed unit economics for competitive reasons (because
these details showcase our strategy to a level of detail we are not comfortable sharing).
Q17. Can you talk about average order values and how they are trending?
Akshant: Our AOV for FY22 was INR 398 as compared to INR 397 for FY21. For the top 8 cities, we actually
saw the AOV increase by 3% in FY22 over FY21. We currently don’t see any material downward pressure on
the AOV.
Q18: In Q3, we saw a dramatic reduction in customer delivery charges (by ~INR
7.5 per order). How is that trending in the last quarter?
Akshant: Customer delivery charges on a per order basis were stable in Q4FY22 as compared to Q3.
Q19: What is your longer term outlook on customer delivery charges?
Deepinder: Our customers’ perceived value for the quality and convenience of the service that our
platform provides has gone up over time which has resulted in their increased willingness to pay (and tip)
on our platform. We expect this trend to continue as we keep increasing the bar on customer satisfaction
and delight.
Q20. What about delivery costs? Aren’t rising fuel prices putting a big cost
pressure on delivery costs?
Akshant: Yes, increase in fuel prices does increase our delivery cost. One could say that part of our
progress on improving contribution margin is getting pulled back because of fuel price increase, as we
haven’t yet fully passed on the incremental cost to customers. Having said that, the Government of India
has recently announced substantial cuts in fuel prices, which should hopefully reduce inflation, and
reduce costs for a number of businesses, including ours.
Deepinder: Overall, we believe there’s significant potential to optimise delivery costs through better
utilisation of our fleet. We are working towards bringing down the delivery cost per order while increasing
delivery partners’ EPH (Earnings per Hour) and enhancing customer experience at the same time.
Q21. There are news reports about the gig worker shortage? Is this true?
Deepinder: Yes, we are seeing some stress on the availability of delivery partners in the current quarter in
select large cities since the last week of April. We think this is short-term in nature, as the post covid
economic recovery has brought back jobs in cities, and we lost some delivery partners to such jobs. On top
of it, all the workforce which migrated to their hometowns (or villages) during the first COVID wave, hasn’t
yet come back to the cities for work – thus hampering our Delivery Partner Acquisition Rate.
We think things will normalize in a few weeks. We are also working on various long term initiatives to drive
more stability of delivery partners in our fleet.
Q22. OK. Moving to competition. How’s the competitive intensity in the food
delivery category nowadays? How is your category share trending?
Akshant: The food delivery category remains very competitive. We compete with other
aggregators/platforms, cloud kitchens, and branded food services players. We also compete with
restaurants which own and operate their own delivery fleets, traditional offline ordering channels such as
take-out offerings and phone-based ordering, local publications, and other media, both online and offline
where restaurants place their advertisements to attract customers.
We are still a small and insignificant player in the bigger picture, but we think we continue to gain a few
basis points of share every quarter.
Q23: Before we move to other segments of the business, some macro and
strategic questions. May I?
Akshant: Of course.
Q24: What is the rationale behind doing so many minority equity investments?
Can you explain?
Deepinder: We are a hyperlocal business, and over the long term we will have to diversify outside of just
food delivery to tap into economies of scale, and build unbeatable moats which serve our customers for
multiple decades, at unbeatable prices and world class service quality.
Keeping that in mind, the rationale behind making minority investments has been two fold - 1) put the
building blocks for a robust quick-commerce business in India, and 2) accelerate digitisation and growth of
the food and restaurant industry which accelerates our core food business. All our investments fit into one
of these two buckets.
Akshant: Cherry on top is that as we partner with these companies to meet our objectives, we also expect
them to grow along the way and hence generate good financial returns for us (although this is not why we
made the investments in the first place).
Q25. Should we expect more minority equity investments from Zomato going
forward?
Deepinder: There is currently no plan for any more minority equity investments at this stage given that we
have covered most of the ground on our objectives cited above.
Q26. Deepinder, some of these minority equity investments have been in

companies where you had prior angel investments/ownership. Doesn’t that
create a conflict of interest?
Deepinder: Your question suggests that I am using Zomato’s balance sheet to enhance the value of private
investments. I see it the opposite way. I am using my personal money to increase the value of our shares at
Zomato. Here’s how –
My private investments help me learn, bring those learnings to Zomato, and transform Zomato for the
better. During this process, I get to know some founders really well, connect more dots, and sometimes
find cultural and strategic synergies with other companies. Over time, multiple threads have to converge
before we commit to any strategic investment (or M&A offer) to any company. We always take our
investment proposals as a team to the Zomato board for evaluation and I recuse myself from the
conversation if I have prior investment in any company that we are proposing to invest in.
Overall, I don’t want to use Zomato capital to build high risk hit-or-miss relationships with other founders. I
would rather use my personal money to build those relationships. What I learn from those founders is ROI
enough to me. Any money that gets returned is an icing on the cake, and I recycle it towards more learning,
thus creating even more value for Zomato’s shareholders (including me). 99%+ of my present/future wealth
is in Zomato. Everything else doesn’t even matter.
Akshant: I would also like to point out that of the 7 investments Zomato made in FY22, Deepinder had very
small equity ownership in only two of those. Shiprocket was a $100k investment which he exited at zero
profit/ loss and the second one was in Grofers (now called Blinkit) where he invested ~$94k in 2015 and
exited that investment in January this year (at a price per share of the round prior to when Zomato
invested). We stay committed to not letting this be a factor in any of our investments, and run a tight
governance process with the support of our strong and independent board.
Q27. You also recently joined boards of a few other companies. Isn’t that taking
away time from Zomato?
Deepinder: Yes, post our IPO, I have been getting a lot of requests from other founders to join their board. I
see this as an opportunity to learn not just from other founders but also from other board members.
Anything I do outside of Zomato is only for me to learn more – and bring back all of those learnings to
Zomato.
Q28. What is the plan with Blinkit? There are media reports of a potential M&A, is
that true?
Deepinder: We continue to remain bullish on quick commerce, especially given how synergistic it is to our
core food delivery business, and are excited with the progress that Blinkit has made in this space. While
there is a lot to do as the business is at its early stages, there’s still a lot of low hanging fruit to drive growth
and efficiency. Blinkit has grown well in the past six months, and has also significantly reduced its
operating losses. We have committed to give them a short term loan of up to $150 million to fund their
short term capital needs. Beyond that, there is nothing to share at this moment.
Q29. In that case, what is your capital allocation plan given your cash balance?
Akshant: We have about INR 122 billion (~US$ 1.6 billion based on an exchange rate of 1 USD = 75 INR)
unrestricted cash at this point. Our capital needs are currently limited. Losses in the core food business
are reducing rapidly, as we mentioned earlier. The minority equity investments that we wanted to do are
done.
As far as quick commerce is concerned, we had given an upper bound of $400 million investment in the
next two years (CY22 and CY23) in the last quarterly letter. As of now, we are on plan to stick to this outer
limit. Just to be clear, we are not planning to make any new minority investments as part of this $400m
outer limit. Think of this as the max amount of losses we may need to fund in this period of time in the
quick commerce business, if and when we fully get into it.
Deepinder: For now, we are being aggressive about conserving cash.
Q30. In that case, are there no plans to raise funds in the short-term?
Akshant: Yes, we are well funded to fuel all our growth plans in all our businesses. There is no need/plan to
raise any further capital at this stage.
Q31. What about the Zomato Instant (10-minute food delivery) and the NBFC
plan? Is there a plan to invest cash in these two areas?
Deepinder: We do not see these two as separate businesses. Rather, both of them are components which
will drive further growth of our core food delivery business, and won’t need any significant amount of cash
to get off the ground.
Having said that, I would love to add some colour to our plans for Zomato Instant. It is currently a pilot to
test 10-minute delivery of limited food SKUs. The hypotheses that we are testing are - a) do customers
order more if delivery time reduces to 10 minutes and b) is there a business model where delivery of food
can be done in 10 minutes at the same or better contribution per order than our existing business.
We do not have any answers here yet as the pilot has been live for a few days and only in one location. We
can perhaps give you some update on this in the next quarter. If the pilot is successful and we decide to
scale it beyond the current handful of locations, then there will be capex needed to set-up the food
finishing stations. But that will only happen once we have confidence that the payback period for the
capex will be attractive.
Q32. What is your plan on doing an earnings call going forward?
Deepinder: We are committed to the overall objective statement of ‘clearly communicating with our
shareholders as much as possible, and as transparently as possible’.
We have nothing against doing an earnings call. It is one of the ways a team can communicate with
shareholders, but not the only way. Is it the best way? We don’t know. Is it the more preferred way? We have
been made to believe so.
So far we have been trying to obviate the need for an earnings call by communicating in writing, which we
feel is more powerful. We are going to do a call this time around (as promised), and will decide about the
next quarter when we get to it. We look forward to speaking with you tomorrow at our earnings call (5:30
pm IST).
Q33. Getting back to business, can you share how Hyperpure is scaling?
Akshant: Hyperpure revenue grew 24% QoQ and 160% YoY to INR 1.9 billion in Q4FY22. Adjusted EBITDA
loss margin improved from -23% in Q3FY22 to -20% in Q4FY22. Below is the summary of financial metrics
of the last five quarters -
Note:
Hyperpure launched in another city in the quarter taking its presence to 10 cities. We supplied to over 34K
unique restaurants in this quarter – up from ~27k in Q3FY22. This implies a penetration of ~17% of the
~205k restaurants who worked with us in our food delivery business in the last quarter.
Q34. Why would restaurants buy from Hyperpure vs from anywhere else?
Akshant: Restaurant supply market in India is highly fragmented and unorganised. Restaurants typically
have to procure their produce from multiple small vendors. In this context, Hyperpure solves three key
pain points that almost every restaurant has -
1. Need for a single vendor which provides almost 100% of their basket. Hyperpure currently offers
~4,200 SKUs for restaurants to buy.
2. Need for transparency/ visibility of their costs, including their food yield. Hyperpure app provides
restaurants with all transactions and cost details at one place. Consistent quality of supplies
ensures consistent yield.
3. Delivery at short notice and on-time, so that restaurants plan their operations better. Hyperpure
provides next day delivery in the specified time slot with 90%+ orders delivered on-time currently.
Q35. What is the update on your dining-out business?
Akshant: Resurgence of covid right at the beginning of the quarter and the resultant lockdowns again set
the restaurant industry back from the progress they had made in the previous quarter as customers
avoided eating at restaurants. We are working on a product update here and aiming for profitable scale-up
this year.
Q36. On the regulatory front, is there any update on the CCI investigation and the
Supreme Court litigation on gig workers?
Akshant: There is no material update on both these topics beyond what we have disclosed already on our
stock exchange filings.
Q37. What are your top priorities these days, Deepinder?
Deepinder: At the very highest level, there are four priorities that I continuously keep working on –
a) customer love across all our businesses

b) growth of all our businesses
c) increase profit (or reduce burn rate)
d) quality and speed of our execution
These four high level priorities haven’t changed over the last couple of years, and I know that they are
generic and apply to almost every business. However, this is a framework of prioritisation for me, and the
actual how-to’s (read: to-dos) keep changing based on the environment, or when I get new information
about our business.
Having said that, I have one special to-do nowadays. It is to make sure that the sharp drop in tech stocks
(including ours) does not impact our team’s morale. I am communicating with the team actively and
repeatedly that we need to focus on the long term, and all such market cycles (including the ups, as well as
the downs) are inevitable. We are here to build an eternal company, and 20 years from now, what happened
in 2022 will not matter at all (at least not negatively).
Q38. Deepinder, what’s the rationale behind committing to donate a large chunk
of your overall ESOPs to the Zomato Future Foundation?
Deepinder: Our delivery partners are the face of our business. And I believe that quality education is the
only thing that can uplift the quality of life for delivery partners’ families. With the Zomato Future
Foundation, we are hoping to make a significant impact on the future generations of our delivery partners.
I also think that this further defocuses our employees from "making money" to "making an impact" – and it
was important to set this narrative within the organisation after our IPO. Else, I could see us ending up as
an organisation like every other.
Q39. Akshant, there are rumors that you and MG (Mohit Gupta) are planning to
leave Zomato. Should we be worried?
Akshant: I will answer this question for you on behalf of myself as well as MG. Yes, we have heard these
rumors, and a number of our shareholders have also asked me this question. MG and I are completely
committed to Zomato and its long term future, and have no plans (or even a thought) about leaving Zomato
to do anything else.
Q40. Ok. Last, and most important. What’s the progress you have made on the
ESG front?
Deepinder: Yes, thank you for the question. We had one big moment of progress for us this quarter – we
recently announced that we will recycle more than 100% of all the estimated plastic packaging used in a
food order placed on our platform. We are also exploring ways of doing this in a manner which is cost
neutral for us going forward.
In BAU, Feeding India (by Zomato), our not-for-profit, continues to work on its mission to eradicate hunger
and distribute meals under the Daily Feeding Program. Within a year of the program’s launch in January
2021, it has doubled its impact and scaled up to 2 lacs meals a day, across 39 cities in India.
We will have more to share in our ESG report that we plan to publish soon.
Akshant: This follows the commitments we made last year such as to EV100 when we announced efforts
to convert our delivery fleet to 100% electric by 2030 and our pledge to do climate-conscious delivery
wherein we reduce and offset estimated carbon emissions generated during food delivery. We have also
recently made ‘no cutlery’ as the default option on our app while ordering, thereby cutting down an
estimated 300 MT of plastic in FY22.
----
THE END
Annexure A - Quarterly disclosures
Note:
2) In Q4FY22, ‘Others’ includes dining-out and membership revenue (Zomato Pro) in India as well as UAE. It also includes revenue
from food delivery services we offer to Talabat in UAE which is a pass through revenue (EBITDA neutral). Businesses such as
Nutrition, Fitso and our international operations in countries other than India and UAE have been discontinued during FY22 and
hence have no contribution to Q4FY22 revenue but they do contribute to the previous quarters.
Note: Unallocated costs include server & tech infrastructure costs, corporate salary costs and other corporate overheads.
displayed in Annexure A.
Annexure B - Annual disclosures
Note: ‘Others’ includes dining-out and membership revenue (Zomato Pro) in India as well as UAE. It also includes revenue from
food delivery services we offer to Talabat in UAE which is a pass through revenue (EBITDA neutral). Other businesses such as
Nutrition, Fitso and our international operations in countries other than India and UAE have been discontinued during FY22. Our
continuing business in this segment is reflected in the Q4 revenue for Others given in the quarterly disclosure above.
Note: Unallocated costs include server & tech infrastructure costs, corporate salary costs and other corporate overheads.
displayed in Annexure B.
Annexure C - Adjusted Revenue and Adjusted EBITDA reconciliation
The following table reconciles audited revenue from operations and stated loss for the period (as per IND
AS) with Adjusted Revenue and Adjusted EBITDA.
displayed in Annexure C.
Annexure D - Glossary
Use of non-GAAP financial measures
To supplement our financial information presented in accordance with IND AS, we consider certain
financial measures that are not prepared in accordance with IND AS, including Adjusted Revenue, Adjusted
EBITDA and Free Cash Flow (FCF). We use these financial measures in conjunction with IND AS measures
as part of our overall assessment of our performance to evaluate the effectiveness of our business
strategies and to communicate with our board of directors concerning our business and financial
performance. We believe that these non-GAAP financial measures provide useful information to investors
about our business and financial performance, enhance their overall understanding of our past
performance and future prospects, and allow for greater transparency with respect to metrics used by our
management in their financial and operational decision making. We are presenting these non-GAAP
financial measures to assist our investors and because we believe that these non-GAAP financial
measures provide an additional tool for investors to use in comparing results of operations of our business
over multiple periods. Information given also includes information related to material subsidiaries.
Non-GAAP measures used by us are defined below:
● Adjusted Revenue = (Revenue from operations as per financials) + (customer delivery charges)
● Adjusted EBITDA = EBITDA less share-based payment expense
● EBITDA = Profit / loss as per financials excluding (i) tax expense (ii) other income (iii) depreciation
and amortization expense (iv) finance cost and (v) exceptional items
● Free Cash Flow (FCF) = Cash flow from operations less net purchase of property, plant and
equipment
These metrics have certain limitations and hence should be considered in addition to, not as substitutes
for, or in isolation from, measures prepared in accordance with IND AS.
Forward looking statements
This document contains certain statements that are or may be forward-looking statements. These
statements include descriptions regarding the intent, belief or current expectations of the senior
management of Zomato Limited (“Company”) subject to board approval, wherever applicable with respect
to the results of operations and financial condition of the Company. These statements can be recognized
by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” “marks,” “believe” or other words
of similar meaning. Forward-looking statements generally are not statements of historical fact, including,
without limitation statements made about our strategy, estimates of revenue growth, future EBITDA and
future financial or operating performance. Such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties which are difficult to predict and are outside of the control
of the Company, and actual results may differ from those in such forward-looking statements as a result of
various factors and assumptions which the Company believes to be reasonable in light of its operating
experience in recent years. The risks and uncertainties relating to these statements include, but not
limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth and
competition, among others. The Company does not undertake any obligation to revise or update any
forward-looking statement that may be made from time to time by or on behalf of the Company.
Any investment in securities issued by the Company will also involve certain risks. There may be additional
material risks that are currently not considered to be material or of which the Company, its directors, any
placement agent, their respective advisers or representatives are unaware. Against the background of
these risks, uncertainties and other factors, viewers of this document are cautioned not to place undue
reliance on these forward-looking statements. The Company, its directors, any placement agent,
their respective advisers or representatives assume no responsibility to update forward-looking
statements or to adapt them to future events or developments. Accordingly, any reliance you place on
such forward-looking statements will be at your sole risk.
The information contained in this document has not been independently verified. The information in this
document is in summary form and does not purport to be complete. No representation, warranty,
guarantee or undertaking, express or implied, is or will be made as to, and no reliance should be placed on
the accuracy, completeness, correctness or fairness of the information, estimates, projections and
opinions contained in this document. Potential investors must make their own assessment of the
relevance, accuracy and adequacy of the information contained in this document and must make such
independent investigation as they may consider necessary or appropriate for such purpose. Such
information and opinions are in all events not current after the date of this document.
Further, past performance of the Company is not necessarily indicative of its future results. Any opinions
expressed in this document or the contents of this document are subject to change without notice. This
document should not be construed as legal, tax, investment or other advice. Neither the Company or its
directors, nor any placement agent or their respective advisers or representatives shall have any
responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from this
document or its contents or otherwise arising in connection therewith. The information set out herein
may be subject to updating, completion, revision, verification and amendment and such information may
change materially. Neither the Company, its directors, any placement agent, nor any of their respective
advisers or representatives is under any obligation to update or keep current the information contained
herein. This document does not constitute or form part of and should not be construed as, directly or
indirectly, any advertisement, offer or invitation or inducement to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any securities of the Company by any person whether by way of private
placement or to the public, in any jurisdiction, nor shall it or any part of it or the fact of its distribution form
the basis of, or be relied on in connection with, any investment decision or any contract or commitment
therefor. Investing in securities involves certain risks and potential investors should note that the value of
the securities may go down or up. Accordingly, potential investors should obtain and must conduct their
own investigation and analysis of the relevant information carefully before investing.
zomato Zomato Limited (formerly known as Zomato Private Limited)
C IN: L93030OL2010PLC l98141
Registered office-Ground Floor. 12A. 94 Mcghdoot, Nehru Place, New Delhi- 110019. Delh1, India
Telephone- 011 +40592373, Email- companysccretary@ zomato.com, \Vcbs ite- www.zomato.com
Statement of unaudited consolidated financial results for the quarter and year ended March 3 1. 2022
I~ Mn)
Quarter ended Year ended
March 31, Oecomber31, March JI , March 3 1, March 3 1,
S.No. Particulars 2022 2021 2021 2022 2021
Unaudited Unaudited Unaudited Audited Audited
/refer note Ill /refer note Ill /refer note Ill
I Revenue from operations 12,118 11 ,120 6,924 41 ,924 19,938
II Other mcome I 382 1.477 584 4,949 1,246
Ill Total income (1+11) 13 500 12 597 7 508 46 873 2 1 184
IV Expenses
Purchase of stock-m-trade 1,939 1,666 758 5,524 2,029
Changes m inventories of stock-in-trade (77) (130) (32) (278) (110)
Employee benefits expense 4,068 4,11 5 1,917 16,331 7.408
Finance costs 25 31 45 120 101
Deprec1at1on and amon1sa1ion expenses 377 387 346 1,503 1,377
Other expenses
Advertisement and sales promotion 2,691 2,582 2,202 12, 168 5,271
Dehvery and related charges 5,451 5,497 2,062 18, 141 5,283
Others 2,543 2,278 I 552 8 546 4 729
Total expenses 17 017 16 426 8 850 62 055 26 088
V Loss before share of profit / (loss) of an associate1 exceptional items and tax (Ill-IV) 13 517) 13 829) 11.342) 115 1821 14 904)
VI Share of profit / (loss) of an associate and joint venture 2 ( I) 3
VII Loss before exceptional items and tax (V+Vl) 13 515) 13 8301 11.342) 1151 79) 14 904)
VIII Exceptional items (refer note 5) (79) 3,158 2,974 (3,247)
IX Loss before tax (Vll+ VIII) 13 594) (672) 11.342) 112.2051 18 1511
X Tax expense:
Current tax 3 20 13
Deferred tax
XI Loss for the period/year (IX-X) (3 597) {672) 0.342) 112.225) 18,164)
XII Other comprehensive income/ (loss)

(i) Items that will not be recl assified to profit or loss
- Re-measurement gam/ (loss) on defined benefit plans 2 (6) 0 (96) (24)
- Changes in fair value of equity and preference mstruments carried at FVTOCI 96 96
- Income tax relating to above
(ii) Items that will be reclassified to profit or loss

- Exchange differences on translauon of foreign operations 25 (22) (39) 22 (35)
Other comprehensive income/ (loss) for the period/ year 123 (28' (39) 22 159)
XIII Total comprehensive (loss) for the period/ year (Xl +XII) 13 474) 1700 11.38 ll 112.203 18.2231
XIV Loss for the period/ year attributable to:

Equtty holders of the parent (3,597) (632) ( 1,308) ( 12,087) (8, 128)
Non-controlling interests (40) (34) ( 138) (36)
xv Other comprehensive (loss) for the period/ year attributable to:

Equity holders of the parent 123 (27) (35) 20 (57)
Non-controlling interests ( I) (4) 2 (2)
XVI Total comprehensive (loss) for the period/ year attributable to:
Equity holders of the parent (3,474) (659) ( 1,343) (12,067) (8,185)
Non-controlling mterests (41) (38) ( 136) (38)
XVII Paid-up share capital (face value of INR I per share) 7,642.94 7,638.00 0.31 7,642.94 0.31
XV III Other equity 76,438
XIX Loss per equity share (INR) 1 (face value of INR I each)
(a) Bas,c (0.47) (0.08) (0.21) (1.67) (1.51)
(b) Diluted (0.47) (0.08) (0.21) (1.67) (151)
1
EPS Is not annualised/or the quarter ended March 3/, 2012, quarter ended December 31, 202 1 and quarter ended March 3 1, 1011.
For Identification Only
~
Deloitte Haskins & Sells
Zomato Limited (formerly know n as Zomato Private Limited)
Audited Consolidated Balance Sheet
(~ Mn.)
As at Asat
Particulars March 31, 2022 March 31, 2021
Audited Audited
Assets
Non-current assets
Property, plant and equipment 509 233
Right-of-use assets 642 605
Capital work-in-progress 6 -
Goodwill 12,093 12,478
Other intangible assets 799 2,074
Intangible assets under developme nt - I
Financial assets
- Investments 30,860 -
- Other financi al assets 52, 19 1 30,063
Tax assets (net) 670 54
Other non-current assets 50 22
Total non-current assets 97,820 45,530
Current assets
Inventories 397 148
Financial assets
- Investments 16,3 17 22,052
- Trade receivables 1,599 1,299
- Cash and cash equivalents 3,923 3,065
- Other bank balances 11,832 5,97 1
- Loans 3,750 -
- Other fi nancial assets 36,674 6,295
Tax assets (net) - 445
Other current assets 958 2,230
Total current assets 75,450 41 ,505
Total assets 173,270 87,035
Equity and liabilities
Equity
Equity share capital 7,643 o•
Instruments entirely equity in nature - 4,549
Other equity 157,412 76,438
Equity attributable to equity holders of the parent 165,055 80,987
Non-controlling interests (66 (57
Total equity 164,989 80,930
Liabilities
Non-current liabilities
Financial liabilities
- Lease liabilities 5 10 530
Provisions 653 259
Other non-current liabilities 3 139
Total non-current liabilities 1,166 928
Current liabilities
- Borrowings - 13
- Lease liabilities 193 182
- Trade payables
a. total outstanding dues of micro enterprises and small enterprises 67 30
b. total outstanding dues of creditors other than micro enterprises and small ente rprises 4,221 2,942
- Other fin ancial liabilities 287 746
Provisions 185 70
Other curre nt liabilities 2, 162 1, 194
Total current liabilities 7, 11 5 5,177
Total liabilities 8,281 6,105

Fo r l dentificatior 1-.._...
n1n..._1
'1"
-'l-' +-- - - - + - -
Total eauitv and liabilities ~ 0 /~ r,. 173,270 87,035
~
Deloitte H askin s & Sells
Zomato Limited (formerly known as Zomato Private Limited)
Audited Consolidated Statement of Cash Flows
ct Mn.I
Year ended
Particulan March 3 1 2022 March 31.202 1
Audited Audited
A) Cash nows from operating activities
Loss before tax ( 12,205) (8, 15 1)
Adjustments to reconcile loss before tax to net cash nows:
- Liabilities written back (87) (90)
- Depreciation on property, plant and equipment and amortization of right-of-use assets 428 370
- Amortization on intangible assets ' 1,075 1,007
- Provision for doubtful debts and advances 208 113
- Loss on account of movements in foreign exchange rate and consumer price index in one of the Company's subsidiary
operating in a hyperinOationary economy 253
- Property, plant and equipment written-off 4 9
- Fair Value gain/(loss) ofcontingent consideration on assignment of contracts 9 18
- Gain on termination of lease contracts (7) (6)
- Share-based payment expense 8,779 1,421
- (Profit)/ loss on sale of property, plant and equipment (net) (5) I
- Net gain on mutual funds (586) (612)
- Share in profit of associate (3)
- Amortisation of premium on Government securities 2
- Provision for obsolete stock 28
- Interest expense 7 22
- Rent waiver on lease liabilities (3 1) ( 14)
- Gain on disposal of investment (3,227)
- Interest on lea~e liabilities 95 64
- Interest income (3,951 ) ( 185)
- Fair value loss/ (gain) on financial instruments at fair value through profit or loss 2,329
Operating loss before changes in working ca11ital (9,221) (2,797)
Movements in working capital :
- (Increase) in trade receivables (34 1) ( 195)
- (Increase) in other financial assets (445) (6,011 )
- Decrease in other assets 1,2 15 859
- (Increase) in inventory (277) ( II I )
- Increase/ (Decrease) in financial liabilities and other liabilities 482 (2,512)
- Increase in provisions 448 40
- Increase in trade payables I 401 362
Cash (used in) operations (6,738) (10,365)
Income taxes (paid)/ refund (net) (192 186
Net cash (used in) operating activities (A) (6 930' 110 1791
8) Investing activities
Purchase of property, plant and equipment (including capital work-in-progress, capital advances and capital creditors) (590) (48)
Proceeds from sale of property, plant and equipment 18 0
Consideration paid for acquisition of Subsidiary (204)
Purchase of intangible assets (56)
Investment in bank deposits (having maturity of more than 3 months) ( 11 7, 142) (48,994)
Proceeds from maturity of bank deposits (having maturity of more than 3 months) 61 ,834 14,957
Proceeds from redemption of liquid mutual fund units 49,331 65,208
Acquisition of a non-controlling Interest, net of cash acquired (209)
Payment to acquire liquid mutual fund units (43,010) (83,409)
Purchase of non-current investments (26,069)
Sale of non-current investments 3,750
Investment in Government Securities (4,681)
Sale / disposal of Subsidiary 14
Transaction cost on acquisition of business (0)
Loan given (3,750)
Interest received 1,126 109
Net cash (used in) investing activities (8) (79,378] (52 436
C) Financing activities
Proceeds from issue of equity shares / Compulsorily Convertible Cumulative Preference Shares ("CCCPS") 90,000 66,083
Loan taken during the year 19
Loan repaid during the year (13) (45)
Transaction costs paid on issue of shares (2,257) ( 12)
Share-based payment on cancellation of option (6) ( 1,771)
Amount collected by ESOP Trust on exercise of employee stock options (net of tax) 79
Expenses for Initial Public Offer (28)
Payment of principal portion oflease liabilities (203) ( 141)
Payment of interest portion of lease liabilities (95) (64)
Interest expense (7 1221
Net cash now from financing activities (C) 87 498 64.019
Net increase in cash and cash equivalents (A+B+C) 1, 190 1,404
Cash and cash equivalents acquired through business combination 7
Cash and cash equivalents due to sale of Subsidiary - (55)
Net foreign exchange difference ~Q ( 6 ( I 7)
Foreign exchange impact due to hyperinOati ec,p!,l<!lJJ~ , / '1; For Ide ntification Only (283)
Cash and cash equivalents as at the beginni ~ )0ear ~#~ 3 065 I 672
Cash and cash eouivalents as at the end ( ".tire ear \ ~
.... 3 923 3 065
_ Deloitte Haskin s & Sells

Notes to the consolidated financial results
The unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on May
23, 2022,
2 The unaudited consolidated financial results have been prepared in accordance with the Indian Accounting Standard (Ind AS) notified under Section 133 of the
Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 20 15, as amended.
3 Zomato Limited (the ·company' ) formerly known as Zomato Private Limited was converted from a private limited company to a public limited company,
pursuant to a special resolution passed in the extraordinary general meeting of the shareholders of the Company held on April 05, 2021 and consequently, the
name of the Company has been changed to Zomato Limited pursuant to a fresh certificate of incorporation by the Registrar of Companies dated April 09, 202 1.
4 During the year ended March 3 1, 2022, the Company has completed initial public offer (IPO) of 1,233,552,63 1 equity shares of face value of INR I each at an
issue price of INR 76 per share, comprising fresh issue of I, 184,210,526 shares and offer for sale of 49,342, I05 by Info Edge (India) Limited (existing
shareholder). Pursuant to the IPO, the equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on
July 23, 202 1.
The Company has received an amount of INR 87,280 million (net off IPO expenses of INR 2,720 million) from proceeds out of fresh issue of equity shares.
The utilisation of the net IPO proceeds is summarised below:
(~Mn )
Amount to be Utilisation Unutilised
Objects of the issue as per prospectus utilised as per up to amount as on
prospectus March 31, 2022 March 31 2022
I. Funding organic and inorganic growth initiatives 67,500 41 , 105 26,395
2. General cornorate ournoses 19 780 4 817 14,963
Net Proceeds 87,280 45,922 41,358
Net IPO proceeds which were unutilised as on March 31, 2022 were temporarily invested in deposits with scheduled commercial banks.
5 Exceptional item includes:

/tMn.
Particulars March 31, December 31, March 31, March 31, March 31,
2022 2021 2021 2022 2021
Fair value loss of contingent consideration on assignment - - - - (918)
of contracts
Fair value loss on financial instruments at fai r value - - - - (2,329)
through profit or loss
Gain on sale /disposal of investment including foreign 15 3,158 - 3,227 -
currency translation reserve on foreign subsidiaries sold /
disposed off during the period
Loss on account of movements in foreign exchange rate in (94) - - (253) -
one of the Company's subsidiary operating in a
hyperintlationary economy
Total (79' 3,158 - 2,974 /3,247
6 During the year ended March 3 1, 2022, the Group (Zomato Limited and its subsidiaries) acquired the remaining 35.44% stake in Jogo Technologies Private
Limited from the remaining shareholders and sold full 100% stake in Jogo Technologies Private Limited to Curefit Services Private Limited and Curefit
Healthcare Private Limited for a total consideration of lNR 3,750 million.
7 Consolidated segment information
Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief
operating decision maker (CODM), in deciding how to allocate resources and assessing performance. The Group's chief operating decision maker is the
Managing Director and Chief Executive Officer.
The Group has identified business segments as reportable segments. The business segments comprises of:
I. India food ordering and delivery
2. Hyperpure (828 business)
3. All other segments (residual)
India food ordering and delivery is the online platform through which we faci litate food ordering and delivery of the food items by connecting the end users,
restaurant partners and delivery personnel.
Hyperpure is our farm-to-fork supplies offering for restaurants in India.
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 which are not directly identifiable to any reporting
segment as reviewed by CODM have been disclosed as unallocable expenses which included items such as server and tech infrastructure costs, corporate salary
costs and other corporate expenses.
~
Notes to the consolidated fina ncial results
(a) Summarised segment information is as follows:

(~Mn.
March 31, December 31, March 31 , March 31 , March 31,
Particulars 2022 202 1 2021 2022 2021
Unaudited Unaudited Unaudited Audited A udited
(refer note 12) (refer note 12) ( refer note 12)
Revenue from operations (external customers)
India food ordering and delivery 9,564 8,895 5,276 34, 146 15, 124
Hyperpure 1,942 1,566 748 5,376 1,991
All other segments (residual) 6 12 659 900 2,402 2,823
Total 12, 11 8 11 ,120 6,924 41 ,924 19,938
Revenue from operations (inter-segment)
India food ordering and delivery - - - - -
Hyperpure 41 43 10 140 37
All other segments (residual) 58 47 23 160 61
Total 99 90 33 300 98
Segme nt results
India food ordering and delivery (766) ( 1,237) (218) (3,800) 398
Hyperpure (384) (359) ( 123) ( 1,205) (462)
All other sel!,ments (residual) 146 6 122 (243 (648
Segment Results ( 1,004) (1,590) (219) (5,248) (712)
Less: unallocable expenses 1,24 1 1, 133 988 4,478 2,539
Add: other income 1,382 1,477 584 4,949 1,246
Less: share based payment expense 2,250 2, 166 328 8,779 1,421
Less: finance costs 25 31 45 120 10 1
Less: depreciation and amortization expense 377 387 346 1,503 1,377
Add: exceptional items (79) 3, 158 - 2,974 (3,247
Loss before tax (3,594' (672) (1,342) (12,205 (8, 15 1'
(b) Additional information:
Segment Results (1 ,004) ( 1,590) (2 19) (5,248) (7 12)

Less: unallocable expenses 1,241 1, 133 988 4,478 2 539
Adiusted EBITDA (2,245' (2,723) (1,207) (9,726 (3,25 1"
During the year ended 3 1 March 2022, the Group made certain operational and structural changes to more closely integrate the Group's businesses and to
simplify its organizational structure. Under the new structure, the Group reports its financial performance based on following segments i.e. India food ordering
and delivery, Hyperpure and all other segments (residual). In conjunction with the new reporting structure, the Group has recasted comparative period, to
confom1 to the way the Group internally manages and monitors segment performance.
8 During the year ended March 3 1, 2022, the Company has approved and issued bonus shares in the ratio of I :6699 to existing equity shareholders and has also
approved bonus issuance to option holders whose name appears in the register of employee stock options, which wi ll be issued basis the equity shares held by
the option holders upon the exercise of the option. Further, the Company has approved and converted the CCCPS of Class A to C and CCPS of Class E to the
equity shares in the ratio of 1:1, CCCPS of Class D and CCPS of Class Fin the ratio of 1:1.1 25. For other class ofCCCPS, the Company has converted the
CCCPS in the ratio of I:6700.
9 The Company has granted 368,500,000 ESOPs to the Managing Director and Chief Executive Officer on 12 April 2021 after taking necessary approvals as
disclosed in the Prospectus filed with SEBI. The ESOPs have an aggregate fair value of IN R 13,635 million (basis registered valuer report) and will vest over a
period of 1-6 years. Vesting of the same is a combination of time and performance targets. The Company has evaluated the performance conditions and expect
the complete vesting of these options. Accordingly, the Company has recorded a cost of INR 7,526 million during the year ended 3 1 March 2022.
10 A. During the year ended March 3 1, 2022, the Group has acquired 9. 16% stake in Gro fers India Private Limited and 8.94% stake in Hands on Trades Private
Limited at a consideration of INR 5, 182 million and IN R 2,228 million respectively. As per terms of the arrangement, it has been classified as an investment in
equity for accounting purposes and is being fair valued through other comprehensive income at each reporting date. As on March 3 1, 2022, there was no change
in the fair value from the date of its acquisition.
B. During the year ended March 31, 2022, the Group has acquired 7.89% stake in Bigfoot Retail Solutions Private Limited ("Shiprocket") at a consideration of
IN R 5,572 million. As per terms of the arrangement, it has been classified as an investment in equity for accounting purposes and is being fair valued through
other comprehensive income at each reporting date. As on March 3 1, 2022, there has been increase in the fair value from the date of its acquisition amounting to
IN R 100 million.
C. During the year ended March 3 1, 2022, the Group has acquired 16. 1% stake in Samast Technologies Private Limited ("magicpin") at a consideration of INR
3,7 13 million. As per terms of th ~lflCl~t;::161)_ n classified as an investment in equity for accounting purposes and is being fair valued through other
comprehensive income at each re 3 1, 2022, there has been increase in the fair value from the date of its acquisition amounting to INR
6million.
For Iden tification Only

\i)'
Notes to the consolidated financial results
D. During the year ended March 31 , 2022, the Group has acquired 6.4% stake in Curefit Healthcare Private Limited ("Curefit") at a consideration of INR 7,500
million. As per tenns of the arrangement, it has been classified as an investment in equity for accounting purposes and is being fair valued through other
comprehensive income at each reporting date. As on March 3 1, 2022, there has been decrease in the fair value from the date of its acquisition amounting to INR
19million.
E. During the quarter ended March 31, 2022, the Group has acquired 19.48% stake in Adonmo Private Limited at a consideration of INR l, 122 million. As per
tem1s of the arrangement, it has been classified as an investment in equity for accounting purposes and is being fair valued through other comprehensive income
at each reporting date. As on March 31 , 2022, there has been increase in the fair value from the date of its acquisition amounting to INR 9 million.
F. During the quarter ended March 31 , 2022, the Group has acquired 5% stake in UrbanPiper Technology Private Limited at a consideration of INR 374 million.
As per terms of the arrangement, it has been classified as an investment in equity for accounting purposes and is being fair valued through other comprehensive
income at each reporting date. As on March 3 1, 2022, there was no change in the fair value from the date of its acquisition.
G. During the quarter ended March 3 1, 2022, the Group has acquired 16.66% stake in Mukunda Foods Private Limited ("Mukunda") at a consideration of INR
380 million. As per tenns of the arrangement, it has been classified as an investment in equity for accounting purposes and is being fair valued through other
comprehensive income at each reporting date. As on March 3 1, 2022, there was no change in the fair value from the date of its acquisition.
11 During the year ended March 3 1, 2022, the Group has suspended its operations in Zomato Foods Private Limited and Zomato Ireland Limited (Lebanon branch)
and these entities will be liquidated/dissolved/sold in the foreseeable future. As at March 3 1, 2022, the Group has closed its operations in foreign entities except
in UAE.
12 The figures of the fourth quarter are the balancing figures between audited figures in respect of the full financial year and published year to date_figures upto the
third quarter of the relevant financial year. Also, the figures upto the end of third quarter were only reviewed and not subjected to audit.
For and on behalf of the Board of Directors of Zomato Limited

D t t p ; ~~ /
Date: May 23, 2022 Managing Director and Chief E
Place: New Delhi (DIN-02613583)
For ldentit tion Only

zomato Zomato Lim ited (formerly known as Zomato Private Limited)
CIN: L93030DL2010PLC 198141
Registered office- Ground Floor, 12A, 94 Meghdoot. Nehru Place. ew Delhi- 110019, Delht, lndta
Telephone- 011-40592373. Emai l- companysecretary@zomato.com, \Vebsite- www zomato com
S 1atem ent o f unaudited s tandalone financial res ults for the qua rter and year ended March 3 1, 2022

M ■rch 3 1, December 3 1, March JI, March 31, March 3 1,
S.No. Pa rticulars 2022 202 1 2021 2022 2021
Unaudited Unaudited Unaudited Audited Audited
(refer note 13\ (refer note 13 \ (refer note 13 \
I Revenue from operations 10,148 9.412 5,919 36,110 17,139
II Other income 1.470 1.451 608 4 975 1,319
Ill Total income (1+1 1) 11 ,618 10,863 6 527 41 085 18,458
IV Expenses
Employee benelits expense 3,782 3.723 1,646 14,790 5,784
Finance costs 14 II 32 55 79
Deprec1at1on and amort1sat1on expenses 341 340 304 1,334 1,289
Other expenses
Advertisement and sales promotion 2,729 2,611 2, 158 12,271 5,130
Delivery and related charges 5,445 5,470 1,991 18,007 5,200
Others 2,236 I 955 I 349 7,3 16 4,368
Total expenses 14547 14 110 7,480 53,773 2 1 850
V Loss before exceptional item s and tax ( Ill- JV) (2 929} (3,247} (953) Cl2 688} CJ.3921
VI Exceptional nems (refer note 5) (6) 2,254 (132) 1,710 (5,468)
VII Loss before tax (V+VI) (2935} (993} Cl 085 (10,978' (8 8601
VIII Tax expense:

Current tax 2 2
Deferred tax
IX Loss for the period/ year (VII-VIII ) (2,9371 (993} Cl 0851 (10 980 (8 8601
X Other comprehensive incom e/ (loss)

(i) Items that will not be reclassified to profit or loss
• Re-measurement gam/ (loss) on defined benefit plans (I) (6) 4 (85) (19)
- Changes m fair value of equity and preference instruments carried
96 %
at FVTOCI
- Income tax relatmg to above
(ii) Items that will be reclassified to profit or loss

- Exchange differences on translation of foreign operations 14 I (3) 22 (14)
Other comprehens ive income/ ( loss) fo r the pe riod/ year 109 15\ I 33 (33
XI Total comprehensive (loss) for the period/ year (IX+X) (2,828 (9981 Cl 0841 (10,9471 (8 893
XII Pa id -up s ha re capi lal (face value of INR 1 per s ha re) 7,642.94 7,638.00 0.31 7,642.94 0.3 1
XIII Othe r equity 77,545
XIV Loss per equity share (INR) 1 (face value of INR I each)
(a) Basic (0.38) (0. 13) (0. 18) ( 1.52) (1.65)
(b) Diluted (0.38) (0. 13) (0. 18) ( 1.52) (1.65)
1
EPS Is ,wt annualised/or the quarter ended March 31, 2022, quarter ended December JI, 202/ and quarter ended March 3/, 2021.
For Identifica tion Only
~
Deloitte H askins & Sells
Zomato Limited (formerly known as Zomato Private Lim ited)
Audited Standalone Balance Sheet
(~Mn )
As at Asat
Particulars March 3 l. 2022 March 31 2021
Audited Audited
Assets
Non-current assets
Property, plant and equipment 326 177
Right-of-use assets 257 398
Goodwill 12,093 12,093
Other intangible assets 799 1,837
Intangible assets under development - I
Financial assets
• Investments 35,356 3, 11 7
· Other financial assets 52,150 30,029
Tax assets (net) 658 52
Other non-current assets 0 19
Total non-current assets 101,639 47,723
Current assets
Financial assets
- Investments 16,008 21 ,942
• Trade receivables 1,669 1,237
• Cash and cash equivalents 2,941 1,686
• Other bank balances 11 ,706 5,966
• Loans 3,750 400
• Other financial assets 36,639 6,237
Tax assets (net) . 26 1
Other current assets 655 2,031
Total current assets 73,368 39,760
Total assets 175,007 87,483
Equity and liabilities
Equity
Equity share capital 7,643 o•
Instruments entirely equity in nature - 4,549
Other equity 160,029 77,545
Total equity 167,672 82,094
Liabilities
Non-current liabilities
- Lease liabilities 182 334
Provisions 520 197
Other non-current liabilities 2 133
Total non-current liabilities 704 664
Current liabilities
• Lease liabilities 123 128
- Trade payables
a. total outstanding dues of micro enterprises and small enterprises 40 21
b. total outstanding dues of creditors other than micro enterprises and small enterprises 3,897 2,720
• Other financial liabilities 404 818
Provisions 165 49
Other current liabilities 2,002 989
Total current liabilities 6,631 4,725
Total liabilities 7.335 5,389
Total equitv and liabilities 175,007 87,483
*Amount in absolute term is INR 0.3 1 million

l
Zomato Limited (formerly known as Zomato Pr ivate Limited)
Audited Standalone Statement of Cash Flows
I~ Mn.)
Year e nded
Particulars March 31 2022 Marc h 3 1 2021
A udited A udited
A) Cash nows from ope ra ting activities
Loss before tax (10,978) (8,860)
Adjustment to reconcile loss before tax to ne t cash nows:
• Liabilities written back (55) (61)
• Depreciation of property, plant and equipment and amortisation of right-of-use assets 294 302
- Amortisation on intangible assets 1,040 987
- Provision for doubtful debts and advances 104 203
- Net gain on mutual funds (572) (610)
• Bad debts written off 3 5
- Provision for impairment in value of investment in subsidiaries 548 2,221
- Gain on termination of lease contracts (7) ( 12)
-Amortisation of premium on Government securities 2
• Share based payment expense 8,468 1,226
• Investment written off 24
-Interest expense 5
-Gain on transfer of intellectual property and assembled workforce (84)
- (Profit)/ loss on sale of property, plant and equipment (Net) (4) 2
- Fair value gain/(loss) of contingent consideration on assignment of contracts 918
• Rent waiver on lease liabi lities ( 16)
• Interest on lease liabilities 39 54
• Interest income (3,957) (218)
• Gain on disposal of investment (2,258)
• Fair value loss/ (gain) on financial instruments at fair value through profit or loss 2 329
Operating loss before c hanges in working capital (7,410) (1 ,499)
Movements in working capital:
- (Increase) in trade receivables (412) (122)
- (Increase) / Decrease in financ ial assets (318) 3
- Decrease in other assets 1,395 900
- (Decrease) in other financial liabilities (410) ( 1,879)
• Increase in provisions · 353 49
• Decrease / (Increase) in other liabilities 878 (488)
- Increase in trade payables 1, 185 234
Cash (used in) operations (4,739) (2,802)
Income taxes refund/ (paid) (net) (347 18
Net cash (used in) operating activities (A) (S 0861 12 8 10)
B) Investing activities
Purchase of property, plant and equipment (including capital work-in-progress, capital advances and capital
creditors) (331) (92)
Proceeds from sale of property, plant and equipment 15 1
Investment in bank deposits (having maturity of more than 3 months) (115,906) (48,431)
Proceeds from maturity of bank deposits (having maturity of more than 3 months) 60,737 8,394
Proceeds from redemption of mutual fund units 45,503 64,444
Investment in mutual fund units (38,996) (82,537)
Investment in Government Securities (4,681)
Loan given (4,280) (354)
Loan received back 930
Investment in subsidiaries (3, 113) (2,707)
Purchase of non-current investments (26,072)
Transaction cost on acquisition of business (0)
Sale of non-current investment 3,750
Interest received l 136 142
Net cash (used in) investing activities (B) (81 308 /6 1 1401
C) Financing activities
Proceeds from issue of equity shares / Compulsorily Convertible Cumulative Preference Shares ("CCCPS") 90,000 66,083
Transaction cost on issue of shares (2,257) ( 12)
Share based payment on cancellation of option (6) ( 1, 140)
Amount collected by ESOP Trust on exercise of employee stock options (net of tax) 79
Expenses paid for Initial Public Offer (28)
Payment of principal portion of lease liabilities (144) (104)
Interest expense (5)
Payment of interest portion of lease liabilities (39 /54
Net cash nows from financing activities (C) 87 628 64 745
Net increase in cash and cash equivalents (A+B+C) 1,234 795

Net foreign exchange difference - 21 (9)
Cash and cash equivalents as at the beginning oftbK~ L/~ 1,686 900
Cash and cash eauivale nts as at the e nd of thr1'""''). ·--:._vf>~ 2,941 I 686
For Ide ntifi cati on Onl y
~
Deloitte Ha skin s & Sel ls
Notes to the standalone financial results
The unaudited standalone financial results have been reviewed by the Audit Commi11ee and approved by the Board of Directors at their meetings held on May 23, 2022.
2 The unaudited standalone financial results have been prepared in accordance with the Indian Accounting Standard (Ind AS) notified under Section 133 of the Companies
Act, 2013, read with the Companies ( Indian Accounting Standards) Rules, 201 5, as amended.
3 Zomato Limited (the ·company' ) formerly known as Zomato Private Limited was converted from a private limited company to a public limited company, pursuant to a
special resolution passed in the extraordinary general meeting of the shareholders of the Company held on April 05, 2021 and consequently, the name of the Company has
been changed 10 Zomalo Limited pursuant to a fresh certificate of incorporation by the Registrar of Companies dated April 09, 2021 .
4 During the year ended March 31 , 2022, the Company has completed initial public offer (IPO) of 1,233,552,631 equity shares of face value of INR I each al an issue price of
INR 76 per share, comprising fresh issue of I, 184,2 10,526 shares and ofTer for sale of 49,342,105 by Info Edge (India) Limited (existing shareholder). Pursuant 10 the IPO,
the equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited ( BSE) on July 23, 2021 .
The Company has received an amount of INR 87,280 million (net ofT IPO expenses of INR 2,720 million) from proceeds out of fresh issue of equity shares. The utilisation
of the net IPO proceeds is summarised below:
(tMn.
Amount to be Utllisatlon Unutlllsed amount as
Objects orthe Issue as per prospectus utllised as up to OD
per prosntttus March 31 2022 March 31, 2022
I. Funding organic and inorganic growth initiatives 67,500 41 ,105 26,395
2. General coroorate ourooses 19,780 4 817 14,963
Nel Proceeds 87,280 45,922 4 1,358
Net IPO proceeds which were unutilised as on March 31 , 2022 were temporarily invested in deposits with scheduled commercial banks.
5 Exceptional item includes:

(? Mn.l
Particulars
March 31, 2022 December 31, 2021 March 3 1, 2021 March 31, 2022 March 31, 2021
Fair value loss of contingent consideration on assignment - - - (9 I 8)
of contracts
Provision for impairment in value of investment in ( II ) I ( I 32) (548) (2,22 1)
subsidiaries (refer note 11 )
Gain on sale /disposal of investment including foreign 5 2,253 - 2,258 -
currency translation reserve on foreign subsidiaries sold /
disposed ofT during the period
Fair value loss on financial instruments at fair value - - - (2,329)
1hrou11.h orofit or loss
Total (6) 2,254 (132) 1,710 (5,468)
6 During the year ended March 3 1, 2022, the company acquired the remaining 35.44% stake in Jogo Technologies Private Limited from the remaining shareholders and sold
full 100% stake in Jogo Technologies Private Limited to Curefit Services Private Limited and Curefit Healthcare Private Limited for a total consideration of INR 3,750
million.
7 The Company publishes these financial results along with the audited consolidated financial results. In accordance with Ind AS 108, ' Operating Segments', the Company has
disclosed the segment information in the audited consolidated financial results.
8 During the year ended March 31 , 2022, the Company has approved and issued bonus shares in the ratio of I :6699 to existing equity shareholders and has also approved
bonus issuance to option holders whose name appears in the register of employee stock options, which will be issued basis the equity shares held by the option holders upon
the exercise of the option. Further, the Company has approved and converted the CCC PS of Class A to C and CCPS of Class E to the equity shares in the ratio of I: I,
CCC PS of Class D and CCPS of Class Fin the ratio of I: I. 125. For other class of CCC PS, the Company has converted the CCC PS in the ratio of I :6700.
9 The Company has granted 368,500,000 ESOPs to the Managing Director and Chief Executive Officer on 12 April 2021 after taking necessary approvals as disclosed in the
Prospectus filed with SEBI. The ESOPs have an aggregate fair value of INR 13,635 million (basis registered valuer report) and will vest over a period of 1-6 years. Vesting
of the same is a combination of time and performance targets. The Company has evaluated the perfonnance conditions and expect the complete vesting of these options.
Accordingly, the Company ha~ recorded a cost of INR 7,526 million during the year ended 31 March 2022
IO A. During the year ended March 31 , 2022, the Company has acquired 9. 16% stake in Grofers India Private Limited and 8.94% stake in Hands on Trades Private Limited at a
consideration of INR 5, 182 million and INR 2,228 million respectively. As per tenns of the arrangement, it has been classified as an investment in equity for accounting
purposes and is being fair valued through other comprehensive income at each reporting date. As on March 3 1, 2022, there was no change in the fair value from the date of
its acquisition.
B. During the year ended March 3 1, 2022, the Company has acquired 7.89% stake in Bigfoot Retail Solutions Private Limited ("Shiprocket") at a consideration of INR 5,572
million. As per tenns of the arrangement, it has been classified as an investment in equity for accounting purposes and is being fair valued through other comprehensive
income at each reporting date. As on March 31, 2022, there has been increase in the fair value from the date of its acquisition amounting to INR I00 million.
C. During the year ended March 31 , 2022, the Company has acquired 16.1% stake in Samast Technologies Private Limited ("magicpin") at a consideration of INR 3,713
million. As per tenns of the arrangement, it has been classified as an investment in equity for accounting purposes and is being fair valued through other comprehensive
income at each reporting date. As on March 31 , 2022, there has been increase in the fair value from the date of its acquisition amounting to INR 6 million.
For Id en tification Only
~
Zomato Limited (formerly known as Zoma to Private Limited)
Notes to the standalone financial results
D. During the year ended March 31 , 2022, the Company has acquired 6.4% stake in Curefit Healthcare Private Limited ("Curefit") at a consideration of INR 7,500 million.
As per terms of the arrangement, it has been classified as an investment in equity for accounting purposes and is being fair valued through other comprehensive income at
each reporting date. As on March 31 , 2022, there has been decrease in the fair value from the date of its acquisition amounting lo INR 19 million.
E. During the quarter ended March 3 1, 2022, the Company has acquired 19.48% stake in Adonmo Private Limited at a consideration of INR I, 122 million. As per terms of
the arrangement, it has been classified as an investment in equity for accounting purposes and is being fair valued through other comprehensive income al each reporting
date. As on March 31 , 2022, there has been increase in the fair value from the date of its acquisition amounting to INR 9 mill ion.
F. During the quarter ended March 31 , 2022, the Company has acquired 5% stake in UrbanPiper Technology Private Limited at a consideration of INR 374 million. As per
terms of the arrangement, it has been classified as an investment in equity for accounting purposes and is being fai r valued through other comprehensive income at each
reporting date. As on March 31 , 2022, there was no change in the fair value from the date of its acquisition.
G. During the quarter ended March 31 , 2022,.the Company has acquired 16.66% stake in Mukunda Foods Private Limited ("Mukunda") at a consideration of INR 380
million. As per terms of the arrangement, it has been classified as an investment in equity for accounting purposes and is being fa ir valued through other comprehensive
income at each reporting date. As on March 31 , 2022, there was no change in the fair value from the date of its acquisition.
11 During the year ended March 31, 2022, the Company's management has suspended its operations in Zomato Foods Private Limited and Zomato Ireland Limited ( Lebanon
branch) and these entities will be liquidated/dissolved/sold in the foreseeable future.
12 The Company has made long term strategic investments in certain subsidiary companies, which are in their initial/developing stage of operation and would generate growth
and returns over a period of time. These subsidiaries have incurred significant expenses for building the brand and market share which have added to the losses of these
entities. The parent has committed to provide support to each of its subsidiaries in the event they are unable to meet their individual liabilities.
Owing to the losses incurred by Zomato Hyperpure Private Limited (ZHPL) and Zomato Entertainment Private Limited (ZEPL) (accumulated losses as of 31 March 2022
being INR 2,806 Mn and INR I95 Mn for ZHPL and ZEPL respectively) ("Subsidiary Company"), the Company carried out an impairment assessment of these Subsidiary
Company's basis fair value of the entity determined by a valuer using discounted future cashflows approach. For calculation of discounted future cash flows, the key
assumptions used by the Company are discount rate, revenue growth rate, long tenn growth rate, capital outflow and working capital requirements etc. The assumptions are
taken on the basis of past trends and management estimates and judgement. The d iscount rate is based on the Weighted Average Cost of Capital (WACC) of the Company.
No impairment was needed since the fair value exceeded the carrying amount. The same was noted by the Audit Committee and the Board.
13 The figures of the fourth quarter are the balancing figures between audited figures in respect of the full financial year and published year to date figures upto the third quarter
of the relevant financial year. Also, the figures upto the end of third quarter were only reviewed and not subjected to audit.
The unaudited standalone financial results for the quarter ended March 3 1, 2021 have not been subjected to limited review /audit.
For and on behalf of the Board of Directors of Zomato Limited

o,.,;,,., ~ ~ /
Date: May 23, 2022 Managing Director and C hief Execu
Place: New Delhi (DIN-02613583)
~
Chartered Accountants
Deloitte 7"' Floor, Building 10, Tower B
DLF Cyber City Complex
Haskins & Sells DLF City Phase. II

Gurugram · 122 002
Haryana, Indi a
Tel: +91 124 679 2000

Fax: +91 124 679 2012
INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL CONSOLIDATED
FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF

ZOMATO LIMITED (FORMERLY KNOWN AS ZOMATO PRIVATE LIMITED)
Opinion and Conclusion
We have (a) audited the Consolidated Financial Results for the year ended March 31,
2022 and (b) reviewed the Consolidated Financial Results for the quarter ended March
31, 2022 (refer 'Other Matters' section below), which were subject to limited review by
us, both included in the accompanying Statement of Consolidated Financial Results for
the Quarter and Year Ended March 31, 2022 of Zomato Limited ("the Parent") and its
subsidiaries and trusts (the Parent, its subsidiaries and trusts together referred to as
"the Group"), and its share of the profit after tax and total comprehensive income of its
joint venture and associate for the quarter arid year ended March 31, 2022, ("the
Statement") being submitted by the Parent pursuant to the requirements of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended ("the Listing Regulations").
(a) Opinion on Annual Consolidated Financial Results
In our opinion and to the best of our information and according to the explanations
given to us, and based on the consideration of the audit reports of the other auditors
on Financial Results of the subsidiaries and trusts referred to in Other Matters
section below, the Consolidated Financia l Results for the year ended March 31,
2022:
(i) includes the results of the entities as mentioned in Annexure I
(ii) is presented in accordance with the requirements of Regulation 33 of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended; and
(iii) gives a true and fair view in conformity with the recognition and measurement
principles laid down in the Indian Accounting Standards and other accounting
principles generally accepted in India of the consolidated loss and consolidated
tota l comprehensive loss and other financial information of the Group for the
year ended March 31, 2022.
(b) Conclusion on Unaudited Consolidated Financial Results for the quarter

ended March 31, 2022
With respect to the Consolidated Financial Results for the quarter ended March 31,
2022, based on our review conducted and procedures performed as stated in
paragraph (b) of Auditor's Responsibilities section below and based on the
consideration of the review reports of the other auditors referred to in Other Matters
section below, nothing has come to our attention that causes us to believe that the
Consolidated Financial Results for the quarter ended March 31, 2022, prepared in -
accordance with the recognition and measurement principles laid down in the Indian
'.,..-.... Accounting Standards and other accounting principles generally accepted in India,
...\V has not disclosed the information required to be disclosed in terms of Regulation 33
~ \ ~ ~ .... cif the 1 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
L c //
, ·----material misstatement.
//
Deloitte
Haskins & Sells
Basis for Opinion on the Audited Consolidated Financial Results for the year
ended March 31, 2022
We conducted our audit in accordance with the Standards on Auditing ("SAs") specified
under Section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under
those Standards are further described in paragraph (a) of Auditor's Responsibilities
section below. We are independent of the Group, its associate and joint venture in
accordance with the Code of Ethics issued by the Institute of Chartered Accountants of
India ("the ICAI") together with the ethical requirements that are relevant to our audit of
the Consolidated Financial Results for the year ended March 31, 2022 under the
provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We
believe that the audit evidence obtained by us and the audit evidence obtained by the
other auditors in terms of their reports referred to in Other Matters section below, is
sufficient and appropriate to provide a basis for our audit opinion.
Management's Responsibilities for the Statement
This Statement, which includes the Consolidated Financial Results is the responsibility of
the Parent's Board of Directors and has been approved by them for the issuance. The
Consolidated Financial Results for the year ended March 31, 2022, has been compiled
from the related audited Consolidated Financial Statements. This responsibility includes
the preparation and presentation of the Consolidated Financial Results for the quarter
and year ended March 31, 2022 that give a true and fair view of the consolidated net
loss and consolidated other comprehensive income of the Group including its associate
and joint venture in accordance with the recognition and measurement principles laid
down in the Indian Accounting Standards, prescribed under Section 133 of the Act, read
with relevant rules issued thereunder and other accounting principles generally accepted
in India and in compliance with Regulation 33 of the Listing Regulations.
The respective Board of Directors of the companies included in the Group are responsible
for maintenance of adequate accounting records in accordance with the provisions of the
Act for safeguarding the assets of the Group and its associate and joint venture and for
preventing and detecting frauds and other irregularities; selection and application of
appropriate accounting policies; making judgments and estimates that are reasonable
and prudent; and the design, implementation and maintenance of adequate internal
financial controls, that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation of
the respective financial results that give a true and fair view and are free from material
misstatement, whether due to fraud or error, which have been used for the purpose of
preparation of this Consolidated Financial Results by the Directors of the Parent, as
aforesaid.
In preparing the Consolidated Financial Results, the respective Board of Directors of the
companies included in the Group and of its associate and joint venture are responsible
for assessing the ability of the respective entities to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the respective Board of Directors either intends to liquidate
their respective entities or to cease operations, or has no realistic alternative but to do
so.
The respective Board of Directors of the companies included in the Group and of its
associate and joint venture are responsible for overseeing the financial reporting process
of the Group and of its associate and joint venture.
/-
/
Deloitte
Haskins & Sells
Auditor's Responsibilities
(a) Audit of the Consolidated Financial Results for the year ended March 31,
2022
Our objectives are to obtain reasonable assurance about w hether the Consolidated
Financial Results for the year ended March 31, 2022 as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's
report that includes our opin ion. Reasonable assurance is a high level of assurance
but is not a guarantee that an audit conducted in accordance with SAs will always
detect a material misstatement when it exists. Misstatements can arise from fraud
or error and are considered material if, individually or in the aggregate, they cou ld
reasonably be expected to influence the economic decisions of users taken on the
basis of this Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and

maintain professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the Annual

Consolidated Financial Results, whether due to fraud or error, design and
perform audit procedures responsive to those risks, and obtain audit evidence
that is sufficient and appropriate to provide a basis for our opin ion . The risk of
not detecting a material misstatement resulting from fraud is higher than for
one resulting from error, as fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to

design audit procedures that are appropriate in the circumstances, but not for
the purpose of expressing an opi nion on the effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the

reasonableness of accounting estimates made by the Board of Directors.
• Evaluate the appropriateness and reasonableness of disclosures made by the

Board of Directors in terms of the requirements specified under Regulation 33
of the Listing Regulations.
• Conclude on the appropriateness of the Board of Directors' use of the going

concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may
cast significant doubt on the ability of the Group and its associate and joint
venture to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor's repo rt to
the related disclosures in the Consolidated Financial Results or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based
on the audit evidence obtained up to the date of our auditor's report. However,
future events or conditions may cause the Group and its associate and joint
venture to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the Annual

Consolidated Financial Results, including the disclosures, and whether the
1nnual Consolidated Financial Results represent the underlying transactions
and events in a manner that achieves fair presentation.
• Perform procedures in accordance with the circu lar issued by the SEBI under
Regulation 33(8) of the Listing Regulations to the extent applicable.
~ • Obtain sufficient appropriate audit evidence regarding the Annual Consolidated

Financia l Resu lts of the entities w ithin the Group and its associate and joint
Deloitte
Haskins & Sells
venture to express an opinion on the Annual Consolidated Financial Results.
We are responsible for the direction, supervision and performance of the audit
of financial information of entities included in the Annual Consolidated Financial
Results of which we are the independent auditors. For the entities included in
the Annual Consolidated Financial Results, which have been audited by the
other auditors, such other auditors remain responsible for the direction,
supervision and performance of the audits carried out by them. We remain
solely responsible for our audit opinion.
Materiality is the magnitude of misstatements in the Annual Consolidated Financial

Results that, individually or in aggregate, makes it probable that the economic
decisions of a reasonably knowledgeable user of the Annual Consolidated Financial
Results may be influenced. We consider quantitative materiality and qualitative
factors in (i) planning the scope of our aud it work and in evaluating the results of
our work; and (ii) to evaluate the effect of any identified misstatements in the
Annual Consolidated Financial Results.
We communicate with those charged with governance of the Parent and such other
entities included in the Consolidated Financial Results of which we are the
independent auditors regarding, among other matters, the planned scope and
timing of the audit and significant audit findings including any significant
deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have
complied with relevant ethical requirements regarding independence, and to
communicate with them all relationships and other matters that may reasonably be
thought to bear on our independence, and where applicable, related safeguards.
(b) Review of the Consolidated Financial Results for the quarter ended March
31, 2022
We conducted our review of the Consolidated Financial Results for the quarter
ended March 31, 2022 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 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 SAs specified under section 143(10) of the Act 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.
The Statement includes the results of the entities as listed under paragraph (a)(i)
of Opinion and Conclusion section above.
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.
Other Matters
• The Statement includes the results for the Quarter ended March 31, 2022 being the
__ ~ __ balancing figure between audited figures in respect of the full financial year and the
t!} , ~--:-.'._ ( ) ,4blished year to date figures up to the third quarter of the current financial year
,,, ' wh \ch were subject to limited review by us. Our report is not modified in respect of
r {i\\ _ -- this matter.
~ .z J I
- _ e/ ·w~did not audit the Financial Results of 1 subsidiary included in the consolidated
f(nancial results, whose financial Results reflect total assets of Rs. 1,926 million as at
March 31, 2022 and total revenues of Rs. 1,983 million and Rs. 5,516 million for the
Deloitte
Haskins & Sells
quarter and year ended March 31, 2022 respectively, total loss after tax of Rs. 466
million and Rs. 1,425 million for the quarter and year ended March 31, 2022
respectively and total comprehensive loss of Rs. 466 million and Rs. 1,432 million for
the quarter and year ended March 31 , 2022 respectively and net cash inflow of Rs. 91
million for the year ended March 31, 2022, as considered in the Statement. These
annual Financial Results have been audited and quarterly results are reviewed, by
other auditors whose reports have been furnished to us by the Management and our
opinion and conclusion on the Statement, in so far as it relates to the amounts and
disclosures included in respect of these subsidiaries and trusts, is based solely on the
reports of the other auditors and the procedures performed by us as stated under
Auditor's Responsibilities section above.
Our report on the Statement is not modified in respect of the above matters with
respect to our reliance on the work done and the reports of the other auditors.
• We did not audit the financial statement/ financial information of 6 subsidiaries and 2
trusts included in the consolidated financial results, whose financial Results reflect total
assets of Rs. 838 million as at March 31, 2022 and total revenues of Rs. Nil million
and Rs. 37 million for the quarter and year ended March 31, 2022 respectively, total
loss after tax of Rs. 44 million and Rs. 237 m111ion for the quarter and year ended
March 31, 2022 respectively and total comprehensive loss of Rs. 41 million and Rs.
238 million for the quarter and year ended March 31, 2022 respectively and net cash
inflow of Rs. 78 million for the year ended March 31, 2022, as considered in the
Statement. These annual financial statement have been audited by other auditors
whose reports have been furnished to us by the Management and quarterly results are
not reviewed, our opinion on the Statement, in so far as it relates to the amounts and
disclosures included in respect of these subsidiaries and trusts, is based solely on the
reports of the other auditors and the procedures performed by us as stated under
Auditor's Responsibilities section above and our conclusion on the Statement, in so far
as it relates to the amounts and disclosures included in respect of these subsidiaries
and trusts, is based solely on such unaudited financial information. In our opinion and
according to the information and explanations given to us by the Board of Directors,
these quarterly financial information are not material to the Group.
respect to our reliance on the financial information certified by the Board of the
Directors.
• The Consolidated Financial Results includes the unaudited financial information of 30

subsidiaries, whose financial information reflect total assets of Rs. 1,078 million as at
March 31, 2022 and total revenues of Rs. 99 million and Rs. 625 million for the quarter
and year ended March 31, 2022 respectively, total net profit/(loss) after tax of Rs. 2
million and Rs. (835) million for the quarter and year ended March 31, 2022
respectively and total comprehensive profit/(loss) of Rs. 4 million and Rs. (838) million
for the quarter and year ended March 31, 2022 respectively and net cash outflow of
Rs. 474 million for the year ended March 31, 2022, as considered in the Statement.
The consolidated financial results also include the Group's share of profit after tax of
Rs 2 million and Rs. 3 million for the quarter and year ended March 31, 2022
respectively and total comprehensive income of Rs. 2 million and Rs. 3 million for the
quarter and year ended March 31, 2022 respectively, as considered in the Statement,
in respect of 1 associate and 1 joint venture, whose financial information have not
been audited by us. These financial information are unaudited and have been
furnished to us by the Management and our opinion and conclusion on the Statement,
in so far as it relates to the amounts and disclosures included in respect of these
subsidiaries, joint venture and associate, is based solely on such unaudited financial
information. In our opinion and according to the information and explanations given to
~ ~ µs by the Board of Directors, these financial information are not materia l to the Group.
I I
'
J
Deloitte
Haskins & Sells
Directors.
For DELOITTE HASKINS & SELLS

(Firm's Registration No. 015125N)
f~~
Vikas Khurana
Partner
(Membership No. 503760)
(UDIN: 22503760AJKIPP8049)
Place: Gurugram
Date : May 23, 2022
Deloitte
Haskins & Sells
List of entities
Annexure 1
S.No. Name of the Entity Relationship
1 Zomato Hyperpure Private Limited Subsidiary
2 Zomato Australia Pty Limited Subsidiary
3 Zomato Midd le East FZ- LLC Subsidiary
4 Tonguestun Food Networks Private Subsidiary

Limited
5 Zomato Ireland Limited (Jordan) Subsidiary
6 Zomato Media Portugal, Un ipessoal, Subsidiary

Lda
7 Zomato Phi lippines Inc. Subsidiary
8 Pt Zomato Media Indonesia Subsidiary
9 Zomato Internet Hizmetleri Ticaret Subsidiary

Anonim Sirketi
10 Zomato Internet LLC Subsidiary
11 Zomato NZ Media Private Limited Subsidiary
12 Nextable Inc. (ceased w .e.f 30 June Subsidiary

2021)
13 Zomato USA, LLC ( ceased w .e.f 17 Subsidiary
August 2021)
14 Zomato Netherlands B.V. Subsidiary
15 Zomato Canada Inc. Subsidiary

(ceased W.e.f 22. March 22)
16 Zomato Media WLL Joint Venture
17 Zomato Entertainment Private Subsidiary

Limited
18 Gastronauci SP Z.0.0 Subsidiary
19 Zomato Slovakia s.r.o Subsidiary
20 Lunchtime.Cz s.r.o Subsidiary
21 Zomato Malaysia Sdn. Bhd. Subsidiary

-
22 Zomato UK Limi t ed (Ceased w.e.f Subsidiary
. \ ' 16 Nov 20 2 1)
\
~ 23 / -/ I Zomato Chile SpA
/
//
I
Subsidiary
Deloitte
Haskins & Sells
24 Zomato Loca l Servi ces Private Subsidiary
Limited
25 Zomato South Africa (Pty) Li m it ed Subsidiary
(Closed w. e.f 03 January 2022)
26 Zomato Med ia Private Limited ( Subsidiary
Singapore) (Closed w .e.f 06
December 202 1)
27 Zoma to Vietna m Compa ny Lim ited Subs idiary
28 Cibando Ltd . Subsidiary

(Closed w .e.f 18 May 2021)
29 Zomato Hungary Kft. Subsidiary

(Closed w.e.f 28 May 2021)
30 Zomato Media (Private) Li m ited Subsidiary
31 Zorriato I nc. Subsidiary
32 Delivery 21 I nc. Subsidiary
33 Zomato Ireland Limited Subsid iary
34 Zomato Foods Private Limited Subsid iary
35 Carthero Technologies Private Subsidiary

Limited
36 Jogo technologies Private Limited( Subsidiary
16 January 2021 to 02 December
2021)
37 Foodie Bay Employees ESOP Trust Trust
38 Myfri Benefit Trust Trust
39 ZMT Europe LDA ( I nco rpo rate w .e.f Associate

0 1 July 2021)
40 Zomato Payment Private Limi ted Subsid iary
( inco rporate w .e.f 04 Aug 2021)
41 Zomato Financial Services Limited Subsidiary
( incorporate w.e.f 25 Feb 2022)
Deloitte 7" Floor, Building 10, Tower B
DLF Cybe r City Com plex
Haskins & Sells DLF City Phase - II

Gurugram - 122 002
Haryana, India
Tel: +91 124 679 2000

Fax: +91 124 679 2012
INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE

FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF

ZOMATO LIMITED (FORMERLY KNOWN AS ZOMATO PRIVATE LIMITED)
Opinion and Conclusion
We have (a) audited the Standalone Financial Results for the year ended March 31, 2022
and (b) reviewed the Standalone Financial Results for the quarter ended March 31, 2022
(refer 'Other Matters' section below), which were subject to limited review by us, both
included in the accompanying "Statement of Standalone Financial Results for the Quarter
and Year Ended March 31, 2022 of Zomato Limited ("the Company") (formerly known
as Zomato Private Limited), being submitted by the Company pursuant to the
. re quirements of Regulation 33 of the SEBI (List ing Obligations and Disclosure
Requirements) Regulations, 2015, as amended ("the Listing Regulations").
(a) Opinion on Annual Standalone Financial Results
In our opinion and to the best of our information and according to the explanations
given to us and based on the consideration of the audit report of the other auditor
on Financial Statements of the trust referred to in Other Matters section below, the
Standalone Financial Results for the year ended March 31, 2022:
i. is presented in accordance with the requirements of Regulation 33 of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended; and
ii . gives a true and fair view in conformity with the recognition and measurement
principles laid down in the Indian Accounting Standards and other accounting
princip les generally accepted in India of the loss and LoLal compret,ensive loss of
the Company for the year then ended.
(b) Conclusion on Unaudited Standalone Financial Results for the quarter ended
March 31, 2022
With respect to the Standalone Financial Results for the quarter ended March 31,
2022 based on our review conducted as stated in paragraph (b) of Auditor's
Responsibilities section below, nothing has come to our attention that causes us to
believe that the Standalone Fi11d11ddl ResulLs ror Lile qua rter end ed Marci, 31, 2022,
prepared in accordc:ince with the recognition and measurement principles laid down in
the Indian Accounting Standards 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)
RP.gulatinns, 201 S, ns nmended, including the manner in which it is to be disclosed,
or that it contains any maLeridl niissLaLemenl.
,;-~~ ~asis for Opinion on the Audited Standalone Financial Results for the year
70/' e ~ded March 31, 2022
- ( r• 13r',d j
;, A~~~,,r \, w J- conducted our audit in accordance wiLh Lhe SL r)d ards on Auditi ng ("SAs") specifi ed
·:> ~ der Section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under
S "...__ t;pose Standards are further described in paragraph (a) of Auditor's Responsibilities
rY -section below. We are Independent of the Company in accordance with the Code of
~
Deloitte
Haskins & Sells
Ethics issued by the Institute of Chartered Accountants of Ind ia ("the ICAI") together
with the ethical requirements that are relevant to our audit of the Standalone Financial
Results for the year ended March 31, 2022 under the pro vi sio ns of t he Act and the Rules
thereunder, and we have ful fi lled our other ethical res ponsib ilities in accordance with
these re quirements and t he ICAI's Code of Ethics. We believe that the audit evidence
obtai ned by us and the audit evidence obta ined by the other auditor in terms of their
reports referred to in Ot her Matters section below is sufficient and appropriate to provide
a basis for our audit op inion .
Management's Responsibilities for the Statement
This Statement which includes the Standalone Financia l Results is the responsibility of
the Company's Board of Directors and has been approved by them for the issuance. The
Standalone Financial Results for the year ended March 31, 2022 has been compiled from
the rel ated audited standalone financial statements. This responsib ility includes the
preparation and presentation of t he Standalone Financia l Results for the quarter and
year ended March 31, 2022 that give a true and fair view of the loss and other
comprehensive loss in accordance with .the recog ni t ion and measurement prin cip les laid
down in the Indian Accounting Sta nda rd s prescribed under Sectio n 133 of the Act read
with relevant rules issued thereunder and other accounting pri nciples generally accepted
in India and in compliance with Regu lation 33 of the Listing Regulations. This
responsibi lity also includes maintenance of adequate accounting records in accordance
with t he provisions of the Act for safeguarding the assets of the Company and for
preventing and detecting frauds and ot her irregularities; selection and application of
appropriate accounting policies; making judgments and estimates that are reasonable
and prudent; and t he desig n, implementation and mainte nance of adequate internal
financial controls that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation of
t he Standalone Fi nancia l Results that give a true and fair view and is free from material
misstatement, whether due to frau d or error.
In prepari ng the Standa lone Financia l Results, t he Boa rd of Directors are responsible for
assessing t he Company's ab il ity, to contin ue as a going concern, disclosing, as
applicable, matters related to going concern and using the going concern basis of
accounting unless the Board of Directors either intends to liquidate the Company or to
cease operatio ns, or has no realistic alternative but to do so.
The Board of Directors are also responsible for oversee ing the fi nancial reporting process
of the Company .
Auditor's Responsibilities
(a) Audit of the Standalone Financial Results for the year ended March 31,
2022
Our objectives are to obta in reasonable assu rance about whet her the Standalone
Financia l Results fo r the year ended March 31, 2022 as a whole is free from
material misstatement, whether due to fraud or error, and to issue an auditor's
report t hat includes our op inion. Reasonable assurance is a high level of assurance
,<
' ·1/
but is not a guarantee that an audit conducted in accordance with SAs will always
3.---~. detect a material misstatement when it exists. Misstatements can arise from fraud
"-: or error and are considered material if, individually or in t he aggregate, they could
/ c, ..,,· .;d \ reasonably be expected to influence the economic decisions of users taken on the
rcJu • ba,sis of this Standa lon e Financia l Resu lts.
t'/L'--y~·-~~~
- -
part of an audit in accordance with SAs, we exercise professional judgment and
maintain professional skepticism throughout the audit. We also:
i
Deloitte
Haskins & Sells
• Identify and assess the risks of material misstatement of the Annual Standalone
Financial Results, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient
and appropriate to provide a basis for our opinion. The risk of not detecting a
material misstatement resulting from fraud is higher than for one resulting from
error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to

design audit procedures that are appropriate in the circumstances, but not for
the purpose of expressing an opinion on the effectiveness of the Company's
internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness

of accounting estimates made by the Board of Directors.
• Evaluate the appropriateness and reasonableness of disclosures made by the

Board of Directors in terms of t he requirements specified under Regulation 33 of
the Listing Regulations.
• Conclude on the appropriateness of the Board of Directors' use of the going

concern basis of accounting and, based on the audit evidence obtained, whether
a material uncertainty exists related to events or conditions that may cast
significant doubt on the ability of the Company to continue as a going concern.
If we conclude that a material uncertainty exists, we are required to draw
attention in our auditor's report to the related disclosures in the Statement or, if
such disclosures are inadequate, to modify our opinion. Our conclusions are
based on the audit evidence obtained up to the date of our auditor's report.
However, future events or conditions may cause the Company to cease to
continue as a going concern.
• Evaluate the overall presentation, structure and content of the Annual

Standalone Financial Results, including the disclosures, and whether the Annual
Standalone Financial Results represent the underlying transactions and events in
a manner that achieves fair presentation.
• Perform procedures in accordance with the circular issued by the SEBI under
Regulation 33(8) of the Listing Regulations to the extent applicable.
• Obtain sufficient appropriate audit evidence regarding the Annual Standalone

Financial Results of the Company to express an opinion on the Annual
Standalone Financial Results. We are responsible for the direction, supervision
and performance of the audit of financial information of such entities or business
activities included in the Annual Standalone Financial Results of which we are
the independent auditors. For the trust included in the Annual Consolidated
Financial Results, which have been audited by the other auditor, such other
auditors remain responsible for the direction, supervision and performance of
the audits carried out by them. We remain solely responsible for our audit
opinion.
\' -.,•::-._ Materiality is the magnitude of misstatements in the Annual Standalone Financial
·> -~·v' Results that, individually or in aggregate, makes it probable that the economic
I ,. , ··)· ·, d~cisions of a reasonably knowledgeable user of the Annual Standalone Financial
-~--l. • ~esu lts may be influenced. We consider quantitative materiality and qualitative
~-f'i , c'factors in (i) planning the scope of our audit work and in evaluating the results of
..(f -- .-- .1/our work; and (ii) to eva lu ate the effect of any identified misstatements in the
_,.,, Annual Standalone Financial Results.
Deloitte
Haskins & Sells
We communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit and significant audit findings
including any significant deficiencies in internal control that we identify during our
audit.
We also provide those charged with governance with a statement that we have
complied with relevant ethical requirements regarding independence, and to
communicate with them all relationships and other matters that may reasonab ly be
thought to bear on our independence, and where applicable, related safeguards.
(b) Review of the Standalone Financial Results for the quarter ended March
31, 2022
We conducted our review of the Standalone Financial Results for the quarter ended
March 31, 2022 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 ICAI. A review of interim financial information
consists of making inquiries, primarily of the Company's personnel responsible for
f inancial .and accounting matters and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in
accordance with SAs specified under section 143(10) of the Act 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.
Other Matters
• As stated in Note 13 of the Statement, financial information relating to the

corresponding quarter ended March 31, 2021 as reported in the accompanying
Statement have been approved by the Company's Board of Directors but have not
been subjected to review by the predecessor auditors. Our conclusion is not modified
in respect of this matter.
• The Statement includes the results for the Quarter ended March 31, 2022 being the
balancing figure between audited figures in respect of the full financial year and the
published yea r to date figures up to the third quarter of the current financial year
which were subject to limited review by us. Our report on the Statement is not
modified in respect of this matter.
• We did not audit the financial statement / financial information of Foodie Bay
Employees ESOP Trust ("trust") included in the statement, whose financial information
reflect total assets of Rs. 82 million as at March 31, 2022 and total revenues of Rs Nil
and Rs. Nil for the quarter and year ended March 31, 2022 respectively, total profit
after tax of Rs. 15 million and Rs. 81 million for the quarter and year ended March 31,
2022 respectively and total comprehensive income of Rs. 15 million and Rs 81 million
for the quarter and year ended March 31, 2022, respectively and net cash inflows of
Rs. 81 million for the year ended March 31, 2022 as considered in the Statement.
These annual Financial Statements have been audited by other auditor whose report
, have been furnished to us by the Management and quarterly results are not reviewed,
,,-, _ '¥~ '\ opinion on the Statement, in so far as it relates to the amounts and disclosures
.., }riC!!Jded in respect of the trust, is based solely on the reports of the other auditor and
/ th # procedures performed by us as stated under Auditor's Responsibilities section
·- ,,,.· a6ove and our conclusion on the Statement, in so far as it relates to the amounts and
/
·disclosures included in respect of the trust, is based solely on such unaudited financial
information. In our opinion and according to the information and explanations given to
Deloitte
Haskins & Sells
us by the Board of Directors, these quarterly financial information are not material to
the Company.
Directors.
For DELOITTE HASKINS & SELLS

(Firm's Registration No. o;:;J N)
✓~~
Vikas Khurana
Partner
(Membership No. 503760 )
(UDIN: 22503760AJKIIH2073)
Place: Gurugram
Date: May 23, 2022
zomato zomato.com
info g>zomato.com
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: Declaration pursuant to Regulation 33(3)(d) of the Securities & Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")
Pursuant to Regulation 33(3) (d) of the Listing Regulations, as amended by the SEBI (Listing
Obligations and Disclosure Requirements) (Amendment) Regulations, 2016, vide notification No.
SEBI/LAD-NRO/GN/20 16-1 7/001 dated May 25, 2016, Circular no. CIR/CFD/CMD/56/20 16 dated
May 27, 2016, and Circular No. CIR/CFD/CMD/56/2016 dated July 5, 201 6, we, Deepinder Goyal,
Managing Director & CEO and Akshant Goyal, Chief Financial Officer, hereby declare that the Mis.
Deloitte Haskins & Sells, Chartered Accountants, statutory auditors of the Company have issued
audit report with unmodified opinion on the audited financial results of the Company (standalone
consolidated) for the financial year ended on March 31 , 2022.
Kindly take the same on record.
Thanking You
For Zomato Limited
Deep;nde,~' l t ~
W) Akshant Goya
Managing Director & CEO Chief Financial Office
Place: Gurgaon Place: Gurg
Date: May 23, 2022 Date: May 23, 2
ZOMATO LIMITED
Registered Address: Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi - 11001 9, Delhi, India.
CIN: U93030DL2010PLC l981 41, Telephone Number: 011 - 40592373

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zomato Info

Department of Corporate Services, Listing Department,

Scrip Code: 543320, Scrip Symbol: ZOMATO

Sub: Outcome of the Board Meeting held on May 23, 2022

We hereby enclose the following:

Kindly take the same on record.

Q6. What led to the higher contribution margin in Q4FY22 as compared to

Q9. How about new customer acquisition? How is that trending?

Q11. How many cities is Zomato present in now?

Q19: What is your longer term outlook on customer delivery charges?

Q26. Deepinder, some of these minority equity investments have been in

Deepinder: For now, we are being aggressive about conserving cash.

Q32. What is your plan on doing an earnings call going forward?

Q35. What is the update on your dining-out business?

Q37. What are your top priorities these days, Deepinder?

a) customer love across all our businesses

Non-GAAP measures used by us are defined below:

Forward looking statements

VI Share of profit / (loss) of an associate and joint venture 2 ( I) 3

VIII Exceptional items (refer note 5) (79) 3,158 2,974 (3,247)

XII Other comprehensive income/ (loss)

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

XIV Loss for the period/ year attributable to:

xv Other comprehensive (loss) for the period/ year attributable to:

XV III Other equity 76,438

For Identification Only

Total assets 173,270 87,035

Equity and liabilities

Total liabilities 8,281 6,105

_ Deloitte Haskin s & Sells

5 Exceptional item includes:

For Identification Only

(a) Summarised segment information is as follows:

(b) Additional information:

Segment Results (1 ,004) ( 1,590) (2 19) (5,248) (7 12)

For Iden tification Only

For and on behalf of the Board of Directors of Zomato Limited

For ldentit tion Only

Deloitte Haskins & Sells

Quarter ended Year ended

VI Exceptional nems (refer note 5) (6) 2,254 (132) 1,710 (5,468)

VIII Tax expense:

X Other comprehensive incom e/ (loss)

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

XIII Othe r equity 77,545

For Identifica tion Only

Total assets 175,007 87,483

Equity and liabilities

Total liabilities 7.335 5,389

Total equitv and liabilities 175,007 87,483

*Amount in absolute term is INR 0.3 1 million

For Identification Only

Net increase in cash and cash equivalents (A+B+C) 1,234 795

5 Exceptional item includes:

For Id en tification Only

For and on behalf of the Board of Directors of Zomato Limited

For Identification Only

Haskins & Sells DLF City Phase. II

Tel: +91 124 679 2000

TO THE BOARD OF DIRECTORS OF