Quick commerce company Blinkit, India’s largest by order volumes, reported adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 102 crore in the April-June quarter, compared with an operating loss of Rs 162 crore a year earlier.
This marked the third consecutive quarter of operating profitability for the Eternal-owned company, even as the quick commerce sector continues to see intense competition. Blinkit's net order value (NOV) rose 86% year-on-year to Rs 17,132 crore, broadly in line with brokerage estimates.
