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By Manu Vardhan Kannan
Published on July 28, 2025
Blinkit, the quick commerce arm of Zomato’s parent company Eternal, is poised for significant profitability gains as it transitions to an inventory-led model. Analysts suggest that this strategic shift is already showing signs of operational efficiency and could lead to Ebitda breakeven by March 2026. While the change is expected to tie up working capital for about 18 days, experts believe the move will streamline processes and improve margins over the coming quarters.
In the June quarter, Blinkit’s inventory-led model accounted for 3 per cent of its net order value (NOV), and its CEO Albinder Dhindsa indicated that near-term margins have stabilised. Analysts at Jefferies estimate the return on cash employed could exceed 40 per cent, thanks to better control over operations and order fulfillment. Brokerage firm Nuvama projected that Blinkit could gain as much as a 1 per cent margin expansion in the next two to three quarters as a result of this model.
The move to an inventory-led model mirrors the structure of traditional retailers like DMart and represents a shift from Blinkit’s earlier marketplace approach. Although this may affect the revenue reporting of B2C arm Hyperpure, which had served as Blinkit’s backend—the overall impact is viewed as a positive for Blinkit’s long-term health. According to Kotak Institutional Equities, the model change, along with a reduction in the proportion of new stores, should help drive profitability and balance costs.
Blinkit also continues to scale aggressively, adding 243 dark stores in the June quarter. It plans to open 2,000 stores by the end of 2025 and targets 3,000 by 2026. While analysts have trimmed projections for Zomato’s core food delivery segment due to a dip in consumer demand, they have upgraded Blinkit’s profitability outlook, recognizing it as a key growth engine for Eternal.
In the April-June quarter, Blinkit reported a 140 per cent year-on-year increase in gross order value to ₹11,821 crore, bringing its annualised run rate to approximately $5.5 billion. Net order value also surged by 127 per cent year-on-year and 25 per cent quarter-on-quarter to ₹9,203 crore. For the same period, Blinkit posted an adjusted operating loss of ₹162 crore, highlighting ongoing investments, but the growth in orders and revenue trajectory suggests a promising road to breakeven.
With this strategic model shift, Blinkit has not only emerged as a standout performer for Eternal’s Q1 results but also signaled a confident leap toward sustained profitability in India’s fast-evolving quick commerce sector.
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Published on November 7, 2025
The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, has announced the signing of a new Taj hotel on East Coast Road (ECR) in Chennai, Tamil Nadu. This greenfield development further strengthens IHCL’s presence in the city, known for its dynamic mix of business and leisure travellers.
Spread across 13 acres of pristine beachfront land, the 151-key Taj ECR Chennai will offer spectacular views of the Bay of Bengal. Designed to seamlessly blend leisure and business, the hotel will feature an all-day dining restaurant, two specialty restaurants, and a bar. Guests can experience holistic rejuvenation at Taj’s signature J Wellness Circle, along with a state-of-the-art gym, swimming pool, and other recreational amenities.
The resort will also serve as a premier destination for large-scale events and conventions, offering two banquet venues of approximately 10,000 and 5,300 square feet, multiple meeting rooms, and expansive beachfront lawns.
Commenting on the signing, Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said,
“Chennai’s hospitality landscape is shaped by its strong corporate base, anchored by the automobile industry and a thriving IT ecosystem. Driven by its cultural richness and infrastructure, the city also benefits from a steady influx of leisure travellers and a growing MICE segment. The signing of this new Taj hotel on ECR is a strategic move to tap into this multi-dimensional demand. We are delighted to partner with MGM Healthcare for this project.”
Mr. M.K. Rajagopalan, MGM Healthcare, added,
“We are excited to collaborate with IHCL. This development will offer a world-class experience to guests in Chennai.”
A city celebrated for its rich culture, classical arts, and coastal beauty, Chennai offers visitors attractions like Mahabalipuram, Marina Beach, and Fort St. George. With this addition, IHCL now has 16 hotels in Chennai, including six under development, reinforcing its leadership in the region’s hospitality landscape.
About the Owner:
MGM Healthcare is a diversified venture led by Mr. M.K. Rajagopalan, operating hospitals in Chennai and Vizag, with additional projects underway in Chennai. He also serves as the Chancellor of a renowned university managing medical colleges in Puducherry and Chennai.
Lemon Tree Hotels Limited, India’s fastest-growing mid-scale and premium hotel chain, has announced the signing of its latest property, Lemon Tree Hotel, Bhavnagar, Gujarat. The new hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.
The upcoming property will feature 70 rooms, a restaurant, banquet hall, meeting room, and recreational facilities such as a swimming pool and spa, offering both business and leisure travellers a refreshing and value-driven experience.
Located in the historic coastal city of Bhavnagar in the Saurashtra region, the hotel will cater to travellers exploring the city’s unique blend of tradition and modernity. Bhavnagar, once a princely state capital, is known for its vibrant trade, culture, and maritime heritage, along with attractions like Takhteshwar Temple, Nilambag Palace, and the nearby Blackbuck National Park in Velavadar.
The property enjoys excellent connectivity, situated approximately 217 km from Rajkot International Airport and around 6 km from Bhavnagar Railway Station, with well-developed public and private transport links.
Speaking about the new signing, Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels, said,
“With this signing, we will expand our leisure and business portfolio in Gujarat, a state where we have 10 operational and 18 upcoming properties in addition to this one. The state, with its booming commerce, distinct culture and unique geography with a long coastline, is the perfect destination for hospitality. While expanding its footprint across the country across cities of all tiers, this signing by Lemon Tree Hotels perfectly aligns with the company’s vision of offering refreshing and comfortable stays across all destinations.”
This addition further strengthens Lemon Tree Hotels’ presence in Gujarat and reflects the group’s steady growth strategy to reach travellers across India with comfort, consistency, and a fresh approach to hospitality.
Espire Hospitality Limited, one of India’s fastest-growing hospitality companies, has announced the signing of a new Country Inn Hotel in Dehradun, further strengthening its footprint in North India’s leisure and business travel market.
Expected to open in February 2026, the upcoming hotel will offer guests a perfect blend of comfort, convenience, and warm hospitality, hallmarks of the Country Inn brand. Designed to cater to both business and leisure travellers, the property will feature 61 well-appointed rooms, making it the largest in the city. It will also house a multi-cuisine restaurant and three large banquets spread over more than 10,000 sq. ft., accommodating up to 600 guests.
Commenting on the announcement, Mr. Akhil Arora, CEO & Managing Director of Espire Hospitality Limited, said, “We are truly delighted to bring the Country Inn experience to the soulful city of Dehradun, a place that beautifully blends nature’s tranquility with a spirit of progress. Dehradun holds a special charm that makes it both, a leisure traveller’s choice and a thriving urban centre. Our new Country Inn hotel will celebrate this harmony, offering guests a combination of warmth, comfort, and heartfelt service that reflects the very essence of the city.”
This new signing marks another milestone in Espire Hospitality Limited’s rapid expansion journey, becoming the 9th signing in the last three months. The group has expanded its footprint across high-potential destinations with recent signings in Rishikesh, Udaipur, Jalandhar, North Goa, Dehradun, and Varanasi, moving closer to its vision of achieving 30 operational hotels by FY26.
Building on its strong and diversified portfolio, Espire Hospitality Limited continues to grow across multiple segments, from its boutique luxury brand, ZANA Luxury Resorts, to the popular Country Inn Hotels & Resorts. The company’s impressive growth journey, which began with the landmark debut of Six Senses Fort Barwara in partnership with InterContinental Hotels Group, today stands as one of the most inspiring success stories in Indian hospitality.
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