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Blinkit expects to cross 3,500 stores by FY27

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Blinkit expects to cross 3,500 stores by FY27

Blinkit expects to cross 3,500 stores by FY27; CEO Albinder bullish on growth in small cities

Eternal's quick commerce platform Blinkit is set to expand significantly, aiming for 3,500 stores by March 2027. CEO Albinder Dhindsa emphasizes the potential in smaller cities that have been underserved. Despite lower incomes, data suggests demand is rising as stores cater to unfulfilled needs. The company has seen substantial growth, reporting a profit after previously experiencing losses.

Eternal 's quick commerce platform Blinkit expects to cross 3 ,500 stores by March 2027, while company's founder and CEO Albinder Dhindsa stays bullish on small cities by creating 'new demand and new behaviors for customers'. "We now expect to cross 3,500 stores by March 2027, and our current plans point to about 5,000 stores by March 2028," said Akshant Goyal, Chief Financial Officer (CFO) of Eternal as the company released its Q2 FY27 earnings on Wednesday. New bets are working for Blinkit, he said, as stores in smaller cities and stores built around newer categories are on the right margin and payback trajectory. Advt

The quick commerce platform looks at a 'clearer read on competition' as new stores are clearing the return thresholds even at the current level of competitive intensity. Zomato recorded Rs 627 crore of profit, registering a 25% YoY growth, while Blinkit recorded a profit of Rs 184 crore, as compared to Rs 156 crore loss. "Our cash balance and profits from both food delivery and quick commerce businesses, also let us fund this pace of growth comfortably," CFO Akshant said.


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