Blinkit Sales Near DMart at Rs 19,152 Crore in Q2

The short version

• Blinkit's quarterly sales reached Rs 19,152 crore, just Rs 54 crore below DMart's Rs 19,206 crore.
• Blinkit's sales grew 94% in a year, compared with 18% growth at DMart.
• DMart earns more from each rupee of sales, while Blinkit is expanding its network of dark stores.

Blinkit's July to September 2026 sales came within Rs 54 crore of DMart's quarterly sales, bringing the quick commerce platform close to the scale of India's large value supermarket chain. Blinkit recorded sales of Rs 19,152 crore, compared with DMart's Rs 19,206 crore.

A year earlier, Blinkit's sales stood at Rs 9,891 crore, about 61% of DMart's estimated quarterly sales of Rs 16,300 crore. The gap has narrowed sharply as Blinkit's business expanded at a much faster rate over the past year.

The comparison also reveals a difference between sales scale and profitability. DMart generates more sales per store and retains a larger share of its revenue, while Blinkit relies on a much wider network of small warehouses to serve online orders.

Blinkit and DMart sales in July to September 2026

Blinkit's sales grew by 94% year on year, adding roughly Rs 9,260 crore to its quarterly sales base. DMart recorded 18% growth and added about Rs 2,930 crore over the same period. These figures put the two businesses close in quarterly sales, although their operating models and location economics remain different.

Metric	DMart	Blinkit
Quarterly sales	Rs 19,206 crore	Rs 19,152 crore
Sales a year earlier	About Rs 16,300 crore	Rs 9,891 crore
Year on year growth	18%	94%
Number of locations	518 stores	2,751 dark stores
Sales per location per quarter	About Rs 37 crore	About Rs 7 crore
Estimated amount retained per Rs 100 of sales	Rs 7.30	Rs 1

DMart's previous year sales figure is an estimate derived from the reported growth rate. Per location sales and amounts retained are also approximate calculations, not audited comparisons of individual outlets. The two businesses may measure sales on different bases, so their figures should be read with that limitation in mind.

Why DMart and Blinkit use different store models

DMart has built its business through large physical supermarkets. It has 518 stores, developed over 24 years since its first store opened in Powai, Mumbai. Customers travel to these stores to buy groceries and other household products, allowing the retailer to serve shoppers through a conventional supermarket model.

Blinkit uses dark stores, which are small warehouses that customers cannot enter. Orders are placed online and delivered to customers, with the network designed around fast fulfilment. Blinkit had 2,751 dark stores in the September 2026 quarter and added 308 locations in just three months.

The difference in network size helps explain how Blinkit has approached DMart's quarterly sales. Each DMart store generates about Rs 37 crore in quarterly sales, compared with around Rs 7 crore for a Blinkit dark store. DMart therefore generates roughly five times as much sales per location, but Blinkit has more than five times as many locations.

These figures describe the average sales associated with each location. They do not establish that every store or dark store performs at the same level. Location size, operating costs and the way sales are recorded can differ between the two businesses.

Why DMart remains ahead on profitability

The sales comparison does not mean that DMart and Blinkit earn similar amounts from their businesses. The supplied estimates indicate that DMart retains about Rs 7.30 for every Rs 100 of sales, while Blinkit retains around Rs 1.

Applied to their reported quarterly sales, those figures imply about Rs 1,400 crore for DMart and Rs 190 crore for Blinkit. These are illustrative estimates based on the stated retention rates, not confirmed quarterly net profits. The precise meaning of the retention measure is not specified, so it should not be treated as a direct comparison of audited profit margins.

The difference is consistent with the broad distinction between the two operating models. DMart's customers travel to its stores, while Blinkit must manage the infrastructure and delivery process needed to bring orders to customers. Blinkit's network requires warehouses, order processing and delivery operations. Those activities have costs that affect how much revenue remains after expenses.

Store maturity may also matter. Blinkit added hundreds of dark stores during the quarter, and newer locations may need time to build order volumes. However, the supplied figures do not establish how quickly those stores reach a steady level of sales or how their profitability changes as they mature.

For readers following the business, the distinction is important: quarterly sales show the scale of activity, while profit and cash generation help explain the financial return from that activity. A close sales comparison alone cannot establish which business has stronger overall economics.

What Blinkit's growth means for quick commerce in India

Blinkit's 94% annual sales growth shows how quickly its reported business has expanded. DMart's 18% growth is slower by comparison, although its estimated quarterly sales remain slightly higher. The figures suggest that quick commerce is becoming a much larger part of the retail market covered by this comparison.

The expansion also has a physical footprint. Opening 308 dark stores in one quarter requires a growing network of locations to handle online orders. The pace of expansion raises questions about how quickly new outlets attract customers and whether higher order volumes can cover the cost of running them.

Consumers choosing between traditional supermarkets and rapid delivery services are weighing different forms of convenience. DMart's model depends on customers visiting a store, while Blinkit's model brings orders to them. The growing overlap in quarterly sales shows that the two formats can reach similar sales levels through very different networks.

Readers interested in the consumer side of this change can also compare the practical differences between JioMart and Blinkit for grocery delivery. For the supply side, Zappfresh's revenue growth and Blinkit sales provide another example of how online distribution can form part of a consumer business's growth strategy.

However, the available figures do not establish how much grocery spending has shifted from physical supermarkets to quick commerce. They compare the reported sales of two businesses, not the total market share of each retail format across India.

What investors should watch next

The October to December 2026 quarter includes the festive period, making the next set of sales figures an important comparison point. The reported data does not provide a forecast for either business, so the next quarter's results will show whether the near tie persists.

Several measures will help explain the direction of the comparison:

• Quarterly sales growth: Whether Blinkit continues to grow faster than DMart and how the gap between their sales changes.
• Dark store productivity: Whether sales per Blinkit location rise as newly opened stores build order volumes.
• Profitability: Whether Blinkit's estimated retention of about Rs 1 per Rs 100 of sales improves as its network matures.
• DMart's expansion: Whether additional physical stores support growth while average sales per location remain healthy.

For Blinkit, the relationship between new store openings, sales growth and profitability will matter alongside its headline revenue figure. Rapid expansion can increase total sales, but the economics of each location remain important.

For DMart, the focus will be on maintaining growth across its physical store network as quick commerce expands. Its current sales lead is narrow, but the figures supplied here do not establish how either business will perform in the next quarter.

About the businesses

DMart is a value focused retail chain built around physical stores. Blinkit is a quick commerce platform that fulfils online orders through dark stores and delivery operations. Their latest quarterly sales figures put them almost level in scale, but their location productivity and estimated revenue retention differ sharply.

The December quarter will provide the next comparison of their reported sales. Store productivity and profitability will help show whether Blinkit's rapid expansion can translate into stronger financial returns, while DMart's growth will indicate how its store based model is performing alongside quick commerce.

Frequently asked questions

How much were Blinkit's sales in the September 2026 quarter?

Blinkit's reported sales for July to September 2026 were Rs 19,152 crore. This was Rs 54 crore below DMart's quarterly sales of Rs 19,206 crore. Blinkit's sales had been Rs 9,891 crore in the comparable period a year earlier.

What was Blinkit's sales growth compared with DMart?

Blinkit's sales grew 94% year on year, while DMart recorded 18% growth. Blinkit added about Rs 9,260 crore in quarterly sales over the year, compared with an estimated addition of Rs 2,930 crore for DMart.

How many stores do DMart and Blinkit have?

DMart had 518 physical stores, while Blinkit had 2,751 dark stores in the September 2026 comparison. Blinkit opened 308 dark stores during the quarter, while DMart's store count reflects a network built over 24 years since its first outlet opened in Powai, Mumbai.

Does DMart earn more profit than Blinkit?

The supplied estimates suggest DMart retains about Rs 7.30 per Rs 100 of sales, compared with around Rs 1 for Blinkit. Applying these rates to quarterly sales implies about Rs 1,400 crore for DMart and Rs 190 crore for Blinkit, but these figures are estimates and should not be treated as confirmed net profit.

Why are DMart's sales per store higher than Blinkit's?

DMart generates about Rs 37 crore in quarterly sales per physical store, compared with about Rs 7 crore per Blinkit dark store. The comparison reflects different location formats and operating models, with DMart relying on customer visits and Blinkit fulfilling online orders through smaller warehouses.

What should investors watch in the next quarter?

Investors can compare the businesses' quarterly sales growth, store expansion and profitability in the October to December 2026 period. For Blinkit, sales per dark store and the estimated amount retained from each Rs 100 of sales will help assess the economics of its expanding network.