Zomato Q3: Blinkit Reports Yet Another Positive Contribution Quarter

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Blinkit’s contribution margin, as a percentage of gross order value (GOV), in the overall business further improved to 2.4% in Q3 FY24 from 1.3% in Q2 FY24.

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“In Q3 FY24, close to 70% of our stores were contribution positive and ~20% of these were operating at a 5%+ contribution margin.", said Blinkit CEO.

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Blinkit recorded a revenue of INR 644 Cr in Q3 FY24 as against INR 301 Cr in the year-ago quarter.

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Blinkit's GOV soared 103% year-on-year to INR 3,542, while, average order value jumped 14% YoY to INR 635 in Q3 FY24.

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Zomato Q3: Blinkit Posts Second Consecutive Contribution Positive Quarter

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