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.