Zomato Tastes Success: Gold Subscriptions Drive Record Gross Order Value Numbers

Zomato Tastes Success: Gold Subscriptions Drive Record Gross Order Value Numbers

By Author

Published on November 6, 2023

Zomato has once again outperformed expectations, showcasing a robust performance in its core food delivery business. This impressive growth trajectory has been significantly propelled by the company’s strategic Gold subscription programme. The latest quarterly figures are in, and they tell a compelling story of success and expansion. Zomato's Gross Order Value (GOV) soared to INR 7,980 crore, marking a notable 20% increase year-on-year.

With the food delivery giant witnessing an increase in average monthly transacting customers from 17.5 million to 18.4 million, the surge in order volumes has been remarkable, keeping the average order value stable. According to Rakesh Ranjan, the chief executive of the food delivery vertical, this growth has been "almost entirely led by growth in order volumes."

The Gold subscription programme has emerged as a significant contributor to this growth, accounting for about 40 percent of the GOV in the latest quarter. Membership numbers doubled from the previous quarter, hitting 3.8 million subscribers. Despite impacting the margins due to factors such as negligible delivery charges for Gold members and additional operational costs, the programme is refining its edge. Akshant Goyal, the chief financial officer at Zomato, emphasizes the narrowing margin gap between Gold and non-Gold orders, underscoring a strategic shift towards absolute contribution profit.

Competing head-on with its rival Swiggy’s Swiggy One subscription, Zomato has not extended its Gold benefits to BlinkIt but continues to hone its flagship programme. Amidst this strategy, the company has recorded a profit for the second consecutive quarter, with INR 36 crore for the three months ending September, coupled with a revenue from operations standing at INR 2,848 crore.

These fruitful results have propelled Zomato’s shares to climb over 10 percent, pushing the company's market capitalization beyond the USD 12 billion mark. Zomato's strategic focus on its Gold subscription programme, paired with relentless pursuit of operational efficiencies, paints a promising picture for its stakeholders.


Union Budget 2026: Foodlink CMD calls for tourism and GST reforms

Union Budget 2026: Foodlink CMD calls for tourism and GST reforms

By Hariharan U

Published on January 16, 2026

Sharing his expectations from the Union Budget 2026, Sanjay Manohar Vazirani, Chairman and Managing Director of Foodlink F&B Holdings (India) Limited, said the hospitality and foodservice sector today mirrors India’s evolving consumption story, shaped by rising disposable incomes, experiential spending, and renewed momentum in tourism and events.

Vazirani noted that sustained focus on infrastructure development, tourism promotion, and improved urban connectivity would create a strong multiplier effect for hospitality-led businesses. He said such measures would help India strengthen its positioning as a global destination for premium culinary and lifestyle experiences.

From an industry standpoint, he highlighted the importance of GST rationalisation, clearer compliance frameworks, and continued support for skill development. According to Vazirani, these steps would not only improve operating efficiencies but also reinforce employment generation across the hospitality and foodservice value chain.

He further added that measures aimed at easing access to credit, simplifying trade processes, and supporting Indian hospitality brands expanding globally would benefit the sector while contributing to a stronger, services-driven economy.

Vazirani emphasised that a growth-oriented Budget, one that balances fiscal discipline with consumption-led and tourism-driven growth, has the potential to significantly accelerate India’s hospitality and experiential economy in the years ahead.


Aircastle to Announce Third Quarter Financial Results

Aircastle to Announce Third Quarter Financial Results

By Manu Vardhan Kannan

Published on January 2, 2026

Aircastle Limited has announced that it will release its third quarter financial results for the period ended November 2025. The results will be made public before market hours, offering investors and industry stakeholders insights into the company’s recent performance.

Alongside the announcement, Aircastle’s management will host a conference call to discuss the financial results and provide updates on business operations. The call will be open to all interested participants, including analysts, investors, and members of the public.

Participants will be able to join the live conference call by dialing the designated toll-free or international access numbers. Callers are advised to join a few minutes early and reference the company name, “Aircastle,” when prompted by the operator.

A simultaneous webcast of the conference call will also be made available on a listen-only basis through the company’s official website. Listeners are encouraged to visit the website in advance to ensure that any required software is installed for uninterrupted access.

For those unable to attend the live session, a replay of the webcast will be available on Aircastle’s website shortly after the conclusion of the conference call, allowing stakeholders to review the discussion at their convenience.


SKA Arcadia Strengthens Retail Mix with Bercos, The Barbeque Company & Domino’s at Wave City

SKA Arcadia Strengthens Retail Mix with Bercos, The Barbeque Company & Domino’s at Wave City

By Author

Published on December 28, 2025

SKA Group has announced the addition of three popular food and beverage brands—Bercos, The Barbeque Company, and Domino’s—to the retail portfolio of SKA Arcadia, its flagship commercial development in Wave City, Ghaziabad. The new brands will occupy a combined area of over 14,500 sq. ft., further enhancing the project’s appeal as a high-potential neighbourhood retail destination.

Strategically positioned at the main entrance of Wave City on NH-24, SKA Arcadia benefits from excellent connectivity to Ghaziabad, Indirapuram, and surrounding premium residential catchments. Its location, coupled with a thoughtfully curated tenant mix, continues to position it as one of the region’s most attractive emerging commercial hubs.

Commenting on the development, Sanjay Sharma, Director, SKA Group, said that SKA Arcadia has been envisioned as a neighbourhood centre offering everyday convenience, quality dining, and a strong sense of community. He added that the inclusion of Bercos, The Barbeque Company, and Domino’s reflects the group’s focus on curating brands aligned with evolving consumer lifestyles, while creating a vibrant ecosystem where both retailers and customers can thrive as Wave City continues to grow.

The newly signed brands join established anchor tenants such as Haldiram’s, which occupies over 11,000 sq. ft. at the development. With these additions, SKA Arcadia further strengthens its positioning as a modern, experience-driven commercial destination designed for high footfall, convenience, and long-term value creation.

Spread across 2 acres, SKA Arcadia is a signature high-street commercial development featuring five floors of retail and dining spaces. The project offers premium amenities including fine dining restaurants, a food court, escalators, elevators, multi-level mechanical parking, power backup, and high-speed Wi-Fi, and is registered under RERA number UPRERAPRJ228610/03/2025.

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