India, Oct. 16 -- Eternal's quick commerce arm Blinkit saw its adjusted EBITDA loss decline 3.7% to INR 156 Cr in the second quarter of FY26 (Q2FY26) from a loss of INR 162 Cr in the preceding September quarter. On a YoY basis, adjusted EBITDA loss surged 19X from a loss of INR 8 Cr due to rapid store expansion.

Meanwhile, its adjusted revenue zoomed 756% to INR 9,891 Cr in Q2 FY26 from INR 1,156 Cr in the same period last year, driven by the transition to an inventory-led model where sales now include the full value of goods sold rather than just marketplace commissions. Adjusted revenue rose 312% QoQ from INR 2,400 Cr.

Adjusted EBITDA margin improved to -1.3% in the September quarter from -1.8% in Q1.

Blinkit CEO Albinder Dhindsa sai...