Zepto results by quarter

Updated October 2026. Latest quarter: Q4 FY26 (Jan–Mar 2026)

Zepto’s latest figures are for January–March 2026, from its updated IPO papers: revenue of ₹7,498 crore, an adjusted EBITDA loss of ₹1,248 crore (down from ₹1,764 crore a year earlier) and 23.3 lakh orders a day from 1,139 dark stores in 66 cities. For FY26, revenue from operations was ₹22,624 crore, the adjusted EBITDA loss was ₹5,042 crore and the loss after tax was ₹5,905 crore.

Private company; its SEBI-approved IPO has been on hold since 31 July 2026. Figures run to March 2026, the last period covered by its IPO papers. Zepto shared quarterly losses and daily orders, but revenue only for January–March 2026.

Zepto results quarter by quarter

Quarter	Revenue (₹ cr)	Adjusted EBITDA (₹ cr)	Avg daily orders	Dark stores (end)	Published
Q4 FY25 Jan–Mar 2025	Not shared	−1,764	13.7 lakh	about 1,029 1,139 minus 110 net added in FY26	IPO papers, Jun 2026
Q2 FY26 Jul–Sep 2025	Not shared	Not shared	14.6 lakh	Not shared	IPO papers, Jun 2026
Q3 FY26 Oct–Dec 2025	Not shared	−1,309	18.1 lakh	Not shared	IPO papers, Jun 2026
Q4 FY26 Jan–Mar 2026	7,498	−1,248	23.3 lakh	1,139	IPO papers, Jun 2026

“About” marks a figure worked out from the company’s own numbers, not one it published. “Not shared” means the company has not published the figure. Revenue and EBITDA are in ₹ crore. Check the company’s own results before making any money decision.

Why Zepto has no regular quarterly results

Zepto is a private company, so it does not have to publish results every quarter the way Eternal and Swiggy do. Every figure on the Zepto results page comes from its IPO papers, which run to March 2026.

Zepto uses net receivables value (NRV) for the value of orders it handles. Blinkit uses NOV and Instamart GOV, so set the three side by side only on orders, stores and losses.

Zepto vs Blinkit vs Instamart in the same quarter (January–March 2026)

January–March 2026 is the latest quarter with figures for all three, so it is the fairest place to line them up.

Company	Orders a day	Adjusted EBITDA (₹ cr)	Stores at 31 Mar 2026
Blinkit results	about 30.4 lakh	+37	2,243
Instamart results	about 12.5 lakh	−858	1,143
Zepto	23.3 lakh	−1,248	1,139

Orders a day for Blinkit and Instamart are the quarter’s orders divided by 90 days. Zepto handled more orders per store than either rival but lost the most money.

What changed in Zepto’s business

Losses per order fell: adjusted EBITDA loss per order narrowed from ₹110 to ₹59 between July–September 2025 and January–March 2026, and total cost per order from ₹181 to ₹128.
Store productivity: about 2,140 orders per store per day in January–March 2026, the highest of the three.
Franchise stores: 36.6% of Zepto’s stores were run by “Growth Partners” at the end of FY26.
Cash burn: quarterly burn fell from over ₹900 crore to about ₹700 crore by July 2026, when Zepto put its IPO on hold and chose to raise more than ₹1,000 crore from existing investors instead.

Zepto full-year revenue, losses and orders (₹ crore)

Total income	FY24 4,544 · FY25 11,603 · FY26 23,128
Revenue from operations	FY25 11,110 · FY26 22,624
Loss after tax	FY24 1,215 · FY25 4,700 · FY26 5,905
EBITDA (restated statements)	FY24 −1,029 · FY25 −4,154 · FY26 −4,746
Adjusted EBITDA (Zepto’s own measure)	FY25 −4,522 · FY26 −5,042
Orders	FY25 332–340 million (figures differ) · FY26 640 million
Annual transacting users	FY25 38.4 million · FY26 about 48 million

When Zepto will share new figures

Zepto does not publish quarterly results. Its next figures will come when it restarts the Zepto IPO and adds updated financial statements to its existing papers.

The quarterly results of Blinkit, Instamart and Zepto line up every published quarter, not just the shared one. Zepto’s stores by city show where it delivers today.

Frequently asked questions about Zepto’s results

Is Zepto profitable?

No. Zepto lost ₹5,905 crore after tax in FY26, with an adjusted EBITDA loss of ₹5,042 crore, though its loss per order fell sharply during the year.

How many dark stores does Zepto have?

1,139 at the end of Jan–Mar 2026, by the company’s own figure. In Oct 2026 the app showed 1,392 open stores. The two differ because they are taken on different dates and counted in different ways.