15 Days Price Change
Summary
BigBasket, backed by Tata Digital, is leveraging a hybrid delivery model, tech-driven operations, and expanding verticals like BB Now to strengthen its presence in India's fast-growing online grocery space. Despite ongoing losses, improving margins and strategic synergies signal a path toward long-term growth and profitability.
BigBasket, India's largest online food and grocery store, is operated by Innovative Retail Concepts Pvt. Ltd. Founded in 2011 and now majority-owned by Tata Digital (64%), BigBasket has become a household name in the Indian e-commerce ecosystem.
The platform offers over 18,000 products from more than 1,000 brands, covering categories such as fresh fruits and vegetables, grains, spices, packaged goods, beverages, personal care, and meat products. It operates with a strong presence in over 25 cities, including Bengaluru, Delhi, Mumbai, Hyderabad, Chennai, and Kolkata.
BigBasket's hybrid model blends scheduled grocery delivery with its rapidly growing quick commerce vertical (BB Now). With a robust supply chain, tech-driven operations, and a focus on private label brands, the company ensures on-time delivery, product quality, and competitive pricing.
Backed by Tata Group's strategic capabilities and trusted brand equity, BigBasket is uniquely positioned to lead India's growing online grocery market as it prepares for a public listing.
India's e-commerce market is not just growing — it's exploding. Valued at a staggering ₹10.8 lakh crore (US$125 billion) in FY24, it's on track to nearly triple by FY30, hitting ₹29.9 lakh crore (US$345 billion) with a 15% CAGR. And we're still just scratching the surface.
While global giants like the US and China see online spending dominate retail, India's digital share is still only 5–6%, revealing massive untapped potential. By 2028 alone, the country's e-retail market is set to cross US$160 billion, driven by young consumers, rising smartphone adoption, and a post-pandemic digital shift.
With online retail expected to rise from 25% to 37% of organized retail by FY30, India is fast becoming the next global hotspot for digital commerce innovation, and the race to capture this market has just begun.
BigBasket's Revenue has shown a steady upward trend over the past six years, growing from ₹2,804.2 crore in FY19 to ₹10,099.8 crore in FY24, reflecting strong customer adoption, market expansion, and a scaling business model despite ongoing losses.
BigBasket, on the other hand, continues to operate at a loss, with net losses widening from ₹572.1 Cr in FY19 to ₹1,415.3 Cr in FY24, driven by high cash burn and aggressive expansion.
BigBasket is clearly on a path to profitability.
Gross margins improved to 17.12% in FY24, thanks to better cost control.
Operating losses have narrowed sharply (-83.24% to -9.81%)—a sign of improving efficiency.
However, inventory movement slowed slightly, with DIO rising to 30.11 days, likely due to a broader product base.
Liquidity tightened as the Current Ratio went down to 1.25, and ROE stayed negative at -1.61%.
The company is betting big on growth—its debt-to-equity jumped to 1.80, indicating heavy leverage, possibly to fuel expansion before the IPO.
Swiggy and Blinkit together control over 50% of the market, highlighting the shift toward instant delivery models. BigBasket, though slightly behind, remains a key player with strong brand trust, Tata backing, and a blend of traditional and quick delivery models.
Integration with Tata Neu Super App
Shared logistics & warehousing via the Tata Retail ecosystem
While BigBasket currently has negative EBITDA and net losses, we believe it's still worth keeping a close eye on. As part of the Tata Group and with a strong foothold in the rapidly growing online grocery sector, it holds significant long-term potential. We are not ruling out an investment, but we would wait for IPO valuations, business strategy disclosures, and initial market response before making a final decision. For now, it's a watchlist stock, not a blind bet. Big Basket shares are now offered on platforms like Sharescart in the pre-IPO market.
Sell or Purchase Share (Tentative Price)
| Company | Industry | Stock P/E | P/B | Company rating | MCAP (in Cr.) | Current Price |
|---|---|---|---|---|---|---|
| Pharmeasy | e-Commerce | -2.1 | 2 | 5302 | 8.3 | |
| Reliance Retail | Retailing | 141.5 | 23 | 698659 | 1400 | |
| Orbis Financial | Finance - Investment | 47 | 9.6 | 6634 | 545 |
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