Deepinder Goyal | August 3, 2023 | 1 min read
Q1FY24 shareholders’ letter and results

Milestone Alert

  • Consolidated business (including quick commerce) is now Adjusted EBITDA and PAT positive (first time ever!). We have (again) delivered ahead of our guidance on getting to this milestone
    1. Adjusted EBITDA was +INR 12 crore in Q1FY24 
    2. Profit after Tax (PAT) was +INR 2 crore
  • Quick commerce (Blinkit) business turned Contribution positive for the first time ever, in the month of June 2023. New guidance alert – we believe we can deliver Adjusted EBITDA breakeven in the quick commerce business in the next four quarters

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