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.