Particle.news

Download on the App Store

BigBasket’s Losses Expand as Tata Digital Cuts FY25 Deficit

An Rs 1,965 crore equity infusion from Tata Sons has strengthened Tata Digital’s balance sheet

Overview

  • BigBasket’s B2C arm saw its FY25 turnover fall 3% to INR 7,673 crore while net losses surged 46% to INR 1,851 crore.
  • The B2B unit’s revenue declined 7% to INR 2,227 crore even as its net loss narrowed 20% to INR 102.2 crore.
  • Tata Digital cut its overall losses by 31% to INR 828 crore and lifted turnover by 30% to INR 547 crore in FY25.
  • Infiniti Retail’s Croma drove INR 19,064 crore in sales and Tata 1mg contributed INR 376 crore as pharmacy demand rose.
  • Intense competition from Blinkit, Zepto and Swiggy Instamart’s expanding dark stores has prompted BigBasket to lean on private labels, which now account for about 40% of its sales.