Rising competition in the quick commerce market has set Blinkit and Swiggy Instamart off the adjusted EBITDA margin breakeven course by at least 12 months
Blinkit is expected achieve breakeven by Q3 FY26, while Instamart will hit adjusted EBITDA breakeven not sooner than Q1 FY28, according to Bernstein
The brokerage has maintained its outperform rating on Zomato with a target price of INR 310
Zomato-owned Blinkit is expected to build on its dominant position in the quick commerce market even as competition…