Zomato's Blinkit acquisition may delay its road to profitability: Analysts

Quick commerce firm expected to be profitable by FY27 due to intense competition in sector, says one report

Zomato could take longer to make profits after it acquires Blinkit for a pricey Rs 4,447-crore amid intense competition in the quick commerce industry, said analysts on Monday.

Concerns about the acquisition pulled down the online food delivery firm’s stock 6.4 per cent to Rs 65.8 apiece on the BSE on Monday. In comparison, the benchmark Sensex settled 0.8 per cent higher. 

ALSO READ: Zomato's Rs 4,447-crore acquisition of hyperlocal delivery firm Blinkit 

Zomato expects a meaningful number of Blinkit’s dark stores--used to serve rapid online deliveries--to turn profitable within the next one year and make the entire business viable