Overview

• Consolidated revenue rose to Rs 13,590 crore, up 183% year-on-year and 90% sequentially.
• Net profit came in at Rs 65 crore, down 63% year-on-year and below the Rs 108 crore expectation, but improved from Rs 25 crore in Q1.
• Blinkit reported a 137% year-on-year and 27% quarter-on-quarter rise in net order value, with adjusted EBITDA margin improving to -1.3% of NOV from -1.8%.
• Quick-commerce losses narrowed to Rs 156 crore from Rs 162 crore in Q1, as the business added 272 net new stores and 3.9 million monthly transacting customers.
• Food delivery net order value grew 14% year-on-year, with segment profitability improving to 5.3% of NOV from 5% in the prior quarter.