Try GOLD - Free
Blinkit's losses widen to ₹103 cr
Financial Express Chennai
|January 21, 2025
₹5,405 CR; BLINKIT BOOSTS EXPANSION TO OUTPACE RIVALS
BLINKIT, the quick commerce subsidiary of Zomato, reported a higher adjusted EBITDA loss of ₹103 crore for the October-December quarter, up from ₹89 crore during the same period last year. The adjusted EBITDA excludes ESOP costs. Sequentially, the loss expanded drastically from ₹8 crore in Q2FY25.
The losses reflect Blinkit's strategy of rapid expansion to outpace competition in the burgeoning quick commerce segment. "Heightened competition has led to a pause in margin expansion," said Albinder Dhindsa, CEO of Blinkit.
Despite mounting losses, Blinkit's revenue surged 117% year-on-year to ₹1,399 crore in Q3FY25, driven by a sharp increase in gross order value (GOV), which rose 120% to ₹7,798 crore compared to ₹3,542 crore in Q3FY24.
This story is from the January 21, 2025 edition of Financial Express Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Chennai
Financial Express Chennai
Iran crisis, fuel price hike fears drive E2W sales
MOMENTUM SEEN IN APRIL NUMBERS LIKELY TO CONTINUE IN COMING MONTHS
2 mins
May 13, 2026
Financial Express Chennai
Hormuz standoff drives oil higher as Iran-US ceasefire hopes fade
Brent crude prices climb to around $108 a barrel
1 mins
May 13, 2026
Financial Express Chennai
Domestic tourism sector sees stronger boom in PM's appeal
THE TRAVEL AND tourism sector is in a ‘wait-and-watch’ mode following Prime Minister Narendra Modi’s call for austerity in travel, among other things.
3 mins
May 13, 2026
Financial Express Chennai
Dealing with loyalty
IN THE EARLY stages of India’s digital transformation, millions of consumers were won over by cashback incentives.
2 mins
May 13, 2026
Financial Express Chennai
CEPA with Oman may come into effect on June 1: Goyal
THE COMPREHENSIVE ECONOMIC Partnership Agreement (CEPA) between India and Oman is likely to come into effect from June 1 while the free trade agreement with Chile can be finalised if India can secure a good deal on critical minerals, Commerce and Industry Minister Piyush Goyal said on Tuesday.
1 min
May 13, 2026
Financial Express Chennai
Crisis widens India's brand divide
Iran war boosts the big boys, hurts smaller rivals
2 mins
May 13, 2026
Financial Express Chennai
Sebi mulls revising position limits on farm derivatives
THE SECURITIES AND Exchange Board of India (Sebi) on Tuesday proposed higher position limits (maximum number of contracts that can be held by a client) in agricultural commodity derivatives at 2% of the deliverable supply, up from 1%, a move aimed at improving liquidity, depth and price discovery in the commodities market.
1 min
May 13, 2026
Financial Express Chennai
Swiggy sticks to margin play as Blinkit widens lead
ETERNAL-OWNED BLINKIT widened its lead over Swiggy Instamart during the January-March quarter across scale, profitability and network expansion, sharpening investor debate over whether Swiggy’s slower, margin-led approach risks ceding strategic ground in the fast-growing quick commerce market.
2 mins
May 13, 2026
Financial Express Chennai
MobiKwik reports •4.4-cr profit in Q4, revenue flat
GURUGRAM-BASED FINTECH MOBIKWIK has reported a net profit of •4.4 crore for the quarter ended March, compared to a loss of •56 crore in the year-ago period.
1 mins
May 13, 2026
Financial Express Chennai
Ambani’s cola war with rivals fuels fridge boom
THE MARKET SHARE war between Mukesh Ambani’s Campa Cola, Coca-Cola and PepsiCo is creating an unlikely winner in the world’s largest consumer market: refrigerators.
1 min
May 13, 2026
Listen
Translate
Change font size