मैगज़्टर गोल्ड के साथ असीमित हो जाओ
9,500 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
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.
यह कहानी Financial Express Chennai के January 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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