Blinkit’s Q1 Adjusted EBITDA Rises To ₹102 Cr; ‘Others’ Losses Rise On Nugget R&D
Blinkit's adjusted EBITDA rose to ₹102 Cr in Q1 FY27 from ₹37 Cr in the preceding March quarter, on the back of strong revenue growth. The vertical's adjusted revenue stood at ₹15,664 Cr during the quarter under review, up 18.4% from ₹13,232 Cr in Q4 FY26.
Intelligence analysis by Llama
Blinkit's Q1 FY27 adjusted EBITDA rose to ₹102 Cr, driven by strong revenue growth. The company's adjusted revenue increased 18.4% sequentially to ₹15,664 Cr, while its net order value (NOV) grew 19% QoQ to ₹17,132 Cr.
Blinkit is a quick commerce company that delivers groceries and other essentials to customers. The company's Q1 FY27 results show that it made a profit of ₹102 Cr, which is a significant increase from the previous quarter. This growth is driven by strong revenue and a increase in the number of orders the company receives.
Analysis
A $60B Vote of Confidence
Blinkit's Q1 FY27 results are a testament to the company's ability to scale its operations and drive growth in the quick commerce space. The company's adjusted EBITDA rose to ₹102 Cr, a significant increase from ₹37 Cr in the preceding March quarter. This growth is driven by strong revenue growth, with the vertical's adjusted revenue standing at ₹15,664 Cr during the quarter under review, up 18.4% from ₹13,232 Cr in Q4 FY26.
Why Cursor?
Blinkit's growth is not limited to its revenue; the company's net order value (NOV) also grew 19% QoQ to ₹17,132 Cr. This increase in NOV is a key indicator of the company's ability to drive growth and scale its operations. The company's continued investments in its store network and supply chain infrastructure are also paying off, with the company's net working capital requirement improving to 12 days of NOV from 18 days earlier.
The Road Ahead
Blinkit's future growth prospects are also looking promising, with the company planning to continue investing aggressively in its store network and supply chain infrastructure. The company's revised steady-state assumptions for Blinkit's business also indicate a healthy return on capital employed (ROCE). With the company's inventory losses currently standing at about 1.8% of NOV, including expiry, shrinkage, damage, pilferage, and loss in transit, management is optimistic about the company's future prospects.
Key points
- Blinkit's Q1 FY27 adjusted EBITDA rose to ₹102 Cr, driven by strong revenue growth.
- The company's adjusted revenue increased 18.4% sequentially to ₹15,664 Cr.
- Blinkit's net order value (NOV) grew 19% QoQ to ₹17,132 Cr.
- The company's net working capital requirement improved to 12 days of NOV from 18 days earlier.
- Blinkit's inventory losses currently stand at about 1.8% of NOV, including expiry, shrinkage, damage, pilferage, and loss in transit.
Blinkit's continued growth and expansion in the quick commerce space are likely to drive its future prospects. The company's revised steady-state assumptions for Blinkit's business also indicate a healthy return on capital employed (ROCE). With the company's inventory losses currently standing at about 1.8% of NOV, including expiry, shrinkage, damage, pilferage, and loss in transit, management is optimistic about the company's future prospects.
Blinkit's growth is heavily dependent on its ability to scale its operations and drive revenue growth. If the company is unable to achieve this, its future prospects may be negatively impacted. Additionally, the company's inventory losses, currently standing at about 1.8% of NOV, including expiry, shrinkage, damage, pilferage, and loss in transit, may also impact its future prospects.
