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Unprofitable Zomato + Blinkit merged to become an Empire

Two pre-acquisition loss histories, Zomato consolidated and Grofers India / Blink Commerce standalone, join at the 10 August 2022 acquisition. The consolidated group reaches its first quarterly profit in April–June 2023 and first profitable full year in FY2024. One continuous timeline, FY2018–September 2026.
Sources & data

Zomato / Eternal annual accounts and 2021 prospectus; Blink Commerce statutory accounts; early Grofers RoC reporting via PTI / Inc42. PAT, INR crore; all plotted values cover 12 months. The acquisition join is schematic. FY2023 includes Blinkit only after close. Latest point is TTM September 2026, ₹493 crore = 366 − 90 + 217. Chronology does not establish that acquisition caused profitability; group includes other businesses.

Chart text

PS PROPHET SHARING Unprofitable Zomato + Blinkit merged to become an Empire ₹ crore · 12-month profit after tax Consolidated group Grofers India · standalone Combined group Acquisition closed 10 Aug 2022 First profitable quarter Apr–Jun 2023 · +₹2 crore −2,500 −2,000 −1,500 −1,000 −500 0 500 1,000 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Sep 26 −₹2,386 −₹1,223 −₹1,020 −₹971 First profitable full year FY24 · +₹351 crore +₹493 Sep 2026 TTM FY ends March · Dashed join is schematic · Group includes other businesses Sources: company filings; early Grofers RoC reports via PTI / Inc42