Blinkit's expansion to 791 stores led to increased margin pressures and adjusted EBITDA loss.

Zomato's quick commerce platform, Blinkit, is facing margin pressures amid rapid store expansion, increasing from 411 to 791 stores year-over-year. CFO Akshant Goyal noted a rise in adjusted EBITDA loss to Rs 8 crore for the July-September quarter, attributed to significant infrastructure investments. Blinkit holds a 39% market share in India's quick commerce sector and plans to open 1,000 dark stores by fiscal year-end, targeting underserved metropolitan areas.

October 22, 2024
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