India, April 28 -- Eternal's quick commerce arm Blinkit reported a sharp sequential improvement in profitability in the March quarter, with its adjusted EBITDA surging over 9x QoQ to Rs.37 Cr from Rs.4 Cr in Q3 FY26.

Blinkit had reported an adjusted EBITDA loss of Rs.178 Cr in the year-ago quarter. 

The improvement in adjusted EBITDA came as the business continues to scale aggressively. Blinkit's net order value (NOV) grew 95.4% YoY to Rs.14,386 Cr during the quarter under review from Rs.7,362 Cr in the year-ago period. It rose 8.2% QoQ from Rs.13,300 Cr. 

Its adjusted EBITDA stood at 0.3% of the NOV in the March quarter. The company added 216 net new stores during the quarter, taking its total store count to 2,243.

Blinkit ...