BigBasket’s losses widen in FY26, revenue rises 7.7% YoY

Innovative Retail Concepts, which operates BigBasket's consumer facing business, reported a 66% year-on-year (YoY) widening of its loss to Rs 3,073 crore in FY26 from Rs 1,850 crore in FY25, as competition in the quick commerce industry intensifies.

BigBasket’s revenue for the fiscal year grew marginally, by 7.7% YoY, to Rs 8,223 crore (Rs 7,634 crore in FY25), according to Tata Sons' FY26 annual report.

ET reported on July 15 that BigBasket is slashing its operational footprint by almost half, narrowing focus to around 40 cities that are operating profitably. The company earlier had a presence across 76 markets.


Change at the top

This comes weeks after Amazon veteran Amit Nanda joined BigBasket as the new chief executive after founder Hari Menon stepped down. Nanda has been tasked with making the business profitable amid mounting pressure on margins in the quick commerce sector.

Supermarket Grocery Supplies, the business-to-business (B2B) division of BigBasket, reported a marginal 3.2% increase in revenue to Rs 2,298 crore for FY26. Its losses remained flat at Rs 102 crore.

BigBasket cofounder Menon admitted in a LinkedIn post recently after exiting the firm that he was initially in denial about the idea of quick commerce. The Tata Digital-backed firm’s losses have been high since its pivot to quick commerce in 2024.

BigBasket competes with the likes of Blinkit, Instamart and Zepto and newer operators Amazon Now and Flipkart Minutes, who are aggressively expanding their dark store network.

The Tata group company has over 700 dark stores. Blinkit had 2,443 dark stores as of June this year, while Zepto’s store count was at 1,139 by end of FY26. Flipkart Minutes recently crossed the 1,000 mark and Amazon now has over 500 stores.