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Results · Commerce & Consumer Brands

BigBasket losses jump 66% in FY26

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BigBasket logo
Date
Company
BigBasket
What it does
Online grocery delivery platform
Kind
Results
Sector
Commerce & Consumer Brands

What they do

BigBasket operates an online grocery platform with B2C and B2B arms

What happened

Its B2C arm revenue rose 7.7% to Rs 8,223 Cr but loss surged 66% to Rs 3,073 Cr

Why it matters

Losses rose sharply after a complete pivot to quick commerce in August 2024

The details

  • BigBasket's B2C arm (Innovative Retail Concepts) reported FY26 revenue of Rs 8,223 Cr, up 7.7% from Rs 7,634 Cr.
  • Its loss widened 66% to Rs 3,073 Cr from Rs 1,850 Cr the previous year.
  • The B2B arm (Supermarket Grocery Supplies) had flat revenue of Rs 2,298 Cr and an unchanged loss of Rs 102 Cr.
  • Combined, the two entities posted revenue of Rs 10,521 Cr (up from Rs 9,861 Cr) and a combined loss of Rs 3,175 Cr.
  • Losses rose sharply after BigBasket's complete pivot to quick commerce in August 2024.
  • Higher spending on logistics, dark stores, discounts, and customer retention drove the loss increase.
  • Tata Digital holds an 84.23% stake in BigBasket since acquiring it in 2021.

The bigger picture

  • BigBasket's loss surge contrasts with Blinkit, which reported positive adjusted EBITDA of Rs 102 Cr in Q1 FY27.
  • Zepto, another quick commerce rival, had FY26 revenue of Rs 22,624 Cr and a loss of Rs 5,905 Cr.
  • Tata Digital's group revenue grew 12% to Rs 35,990 Cr, but its net loss widened to Rs 4,974 Cr.

About the business

  • BigBasket is an online grocery delivery platform operating in India.
  • It serves customers through a B2C arm (Innovative Retail Concepts) and a B2B arm (Supermarket Grocery Supplies).
  • The company pivoted entirely to quick commerce in August 2024, focusing on rapid delivery.
  • It operates dark stores and a logistics network to fulfill orders quickly.

Investors

  • Tata Digital (existing) — Majority shareholder holding 84.23% stake since 2021.

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