Blinkit, Instamart Unlikely to See Big Fall in Losses in Q1

Revenue growth may remain strong: Analysts

- RAGHAV AGGARWAL

QUICK COMMERCE PLAYERS Blinkit and Instamart are unlikely to show any meaningful improvement in their April-June quarter losses despite growth in revenue, analysts said. While the gross merchandise value (GMV) and revenues are expected to surge year-on-year, investments in scaling operations—particularly dark store expansion—will continue to weigh on their profitability.

According to analysts, the bulk of infrastructure-related investments for both companies peaked in the fourth quarter of FY25. However, expenses are not expected to decline enough in the April-June quarter to reflect in narrowed losses. Fixed costs, especially those associated with a larger store network, remain elevated.