Zomato‘s quick commerce arm, Blinkit posted an Ebitda loss of Rs178 crore in the January-March quarter, a 381% year-on-year jump from Rs 37 crore in the same period last year. Sequentially, losses also widened from Rs 103 crore in Q3. The sharp increase stems from Blinkit’s aggressive store expansion strategy. In the quarter, the company added 294 new dark stores, its highest ever in a single quarter, bringing the total to 1,301.
According to CEO Albinder Dhindsa, nearly 40% of these stores were opened in the past two quarters and are still underutilised.
To support this expansion and fuel customer growth, Blinkit also ramped up its marketing spends. “The increase in losses was expected and in line with our plan to pull-forward expansion,” Dhindsa said in a shareholder letter. He added that the company aimed to accelerate new customer acquisition through strategic investments in brand visibility.
Despite mounting losses, Blinkit reported a 122% jump in revenue year-on-year, reaching Rs 1,709 crore. Gross order value (GOV) also saw robust growth, rising to Rs 9,421 crore from Rs 4,027 crore a year ago and Rs 7,798 crore in Q3.
The average order value (AOV), however, declined to Rs 665 in Q4, down from Rs 707 in Q3 but higher than Rs 617 a year ago. Monthly transacting users nearly doubled to 13.7 million from 6.4 million last year, reflecting growing customer traction.