Synopsis
The platform recently reported its second straight quarter of positive adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation). ETtech decodes market leader Blinkit’s shift in focus and what it could mean for the industry.Listen to this article in summarized format
Rival Instamart is also expected to report slower growth for the January-March period as it sharpens its focus on margins. Analysts say this changing stance could intensify scrutiny on IPO-bound Zepto’s path to profitability, even as it works to contain its burn.
ETtech decodes market leader Blinkit’s shift in focus and what it could mean for the industry.
Q4 performance
Blinkit reported its second consecutive quarter of operating profit with an adjusted Ebitda of Rs 37 crore, compared with a loss of Rs 178 crore a year earlier. In the October-December quarter, it had posted an operating profit of Rs 4 crore. This is because the company’s contribution margins have remained stable while fixed costs have come down.
