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Zomato ki Blinkit ne finally profit mein entry maari hai! Q4 FY26 mein unhone ₹37 crore ka adjusted EBITDA profit kamaya hai. Socho, last year yeh Rs 178 crore ke loss mein thi, yeh toh bada jump hai! Inka quick commerce net order value bhi 95% badh kar ₹14,386 crore ho gaya. Is khabar ke baad Zomato ka share bhi thoda optimistic dikh raha tha, around ₹243.6 pe.
Wahi, Swiggy Instamart ka scene thoda alag hai. Unka adjusted EBITDA loss Q4 FY26 mein Rs 858 crore raha, jo pichhle quarter ke Rs 840 crore se thoda zyada hai. Ha, unki contribution margin thodi behtar hui hai, ab negative 1.8% hai, par total loss abhi bhi ek bada issue bana hua hai. Instamart ka gross order value 68.8% badh kar Rs 7,881 crore aur net order value 60.3% badh kar Rs 5,675 crore hua. Is result ke baad Swiggy ka stock 7% gir gaya tha, around ₹261.20 pe.
Achhi baat yeh hai ki dono ka main food delivery business bhi smooth chal raha hai. Zomato ka food delivery net order value 18.8% badha toh Swiggy ka 22.6%. Lagta hai management ab discounts ki jagah customer retention par zyada dhyan de rahe hain, kyunki affordability bhi important hai.
India ka e-commerce market toh ekdum josh mein hai, aur quick commerce bhi tezi se badh raha hai. Estimate hai ki 2025 mein yeh $3.49 billion ka hoga aur 2030 tak $4.35 billion tak pahunch jayega. Abhi Zomato ki Blinkit ka quick commerce mein 46% market share hai, jabki Swiggy Instamart ka 25-27% hai. Food delivery mein toh Zomato 58% ke saath aage hai, Swiggy ka 42% hai. Zomato ne Blinkit ko ₹4,447 crore mein acquire kiya tha, jo ek bada deal tha.
Swiggy ke liye sabse bada challenge yeh Rs 858 crore ka loss hai jo Instamart mein ho raha hai. Unka goal hai ki Q1 FY27 tak Instamart ka contribution margin break-even ho jaaye. Zomato ke liye, Blinkit ko consistently profit mein maintain rakhna aur unke ambitious $1 billion EBITDA ke target tak FY29 tak pahunchna, woh bhi strong competition mein jaise ki Zepto, yeh ek bada challenge hoga. Blinkit ki integration Zomato ki valuation ka ek bada hissa hai.
Analysts bhi is divergence ko notice kar rahe hain. Kai firms jaise Anand Rathi aur Motilal Oswal Zomato ko 'Buy' rating de rahe hain, Blinkit ki market position ko dekhte hue. Swiggy ke liye bhi 'Buy' rating hai par target price kam kiye hain, kyunki unko quick commerce mein profitability ka clear plan dikhana hoga. Swiggy ka target hai ki Instamart ₹1 trillion GOV aur 3-4% margin tak pahunche medium term mein. Toh bhaiyo, yeh quick commerce ka race ab aur interesting hone wala hai!