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Blinkit CFO Vipin Kapooria steps down, Flipkart return likely
MUMBAI: Vipin Kapooria has resigned as chief financial officer of quick commerce firm Blinkit after just about a year in the role and is set to return to Flipkart, according to reports. His exit comes at a time when Flipkart is sharpening its leadership bench ahead of a much anticipated initial public offering.
Kapooria joined Blinkit in September 2024, stepping in as the company’s first full time CFO since Amit Sachdeva’s departure in 2022. His appointment was seen as a key move as Blinkit doubled down on scale, speed and financial discipline in India’s hyper competitive quick commerce race.
That race has only intensified. Blinkit is currently battling well funded rivals including Swiggy Instamart, Zepto, BigBasket, Flipkart Minutes and Amazon Now, all chasing the same promise of faster deliveries and deeper consumer loyalty.
Before his Blinkit stint, Kapooria spent several years at Flipkart, most recently as vice president for business finance, where he led financial strategy for high value categories such as mobiles, electronics and large appliances. His return to the Walmart owned e-commerce major signals continuity and financial muscle as the company prepares for life on the public markets.
Kapooria’s resume reads like a tour of India’s biggest consumer and technology businesses. Alongside two stints at Flipkart, he has held senior finance leadership roles at Oyo, Yum! Restaurants International, Whirlpool and Birlasoft, building a reputation as a steady hand in fast growing and complex businesses.
For Blinkit, the search for its next finance chief now begins amid fierce competition and thinning margins. For Flipkart, Kapooria’s homecoming adds another experienced operator to its IPO ready war room, according to reports.
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Bombay Dyeing threads profit through tough quarter
Q3 net at Rs 1.83 crore on Rs 324.02 crore revenue.
MUMBAI: The fabric may have thinned, but the stitch still holds. The Bombay Dyeing and Manufacturing Company Ltd reported a standalone net profit of Rs 1.83 crore for the quarter ended December 31, 2025, a sharp turnaround from a loss of Rs 9.92 crore in the preceding September quarter. However, profit remained below the Rs 70 crore clocked in the corresponding quarter last year.
Revenue from operations for the December quarter stood at Rs 324.02 crore, compared with Rs 362.63 crore in the September quarter and Rs 414.81 crore a year earlier. Including other income of Rs 26.60 crore, total income came in at Rs 350.62 crore, down from Rs 453.62 crore in the year ago period.
For the nine months ended December 31, 2025, revenue from operations stood at Rs 1,064.49 crore against Rs 1,246.41 crore in the previous year. Net profit for the nine month period rose to Rs 5.67 crore, compared with Rs 478.35 crore in the corresponding period last year, reflecting the absence of large exceptional gains seen earlier.
The quarter’s profit before tax stood at Rs 3.02 crore for the nine month period and Rs 588 crore for the comparable nine month period last year, driven by exceptional items of Rs 552.70 crore in FY25. In the December quarter this year, exceptional items were marginal at negative Rs 0.90 crore, compared with Rs 50.71 crore in the year ago quarter.
Total expenses for the December quarter were Rs 362.43 crore. Cost of materials consumed stood at Rs 204.10 crore, while other expenses were Rs 73.91 crore. Finance costs were contained at Rs 2.62 crore, down from Rs 3.61 crore in the September quarter and Rs 3.30 crore a year earlier.
Segment wise, the Polyester business remained the mainstay, contributing Rs 305.93 crore in quarterly revenue, compared with Rs 395.99 crore a year ago. Retail and Textile delivered Rs 14.83 crore, while Real Estate revenue was negligible in the quarter, against Rs 3.15 crore in the corresponding period last year.
Segment results before tax and finance costs showed Polyester reporting a loss of Rs 26.34 crore in the quarter, versus a profit of Rs 22.47 crore last year. Retail and Textile posted a profit of Rs 2.94 crore, while Real Estate recorded a loss of Rs 5.05 crore.
On a consolidated basis, the numbers mirrored the standalone performance. Consolidated net profit for the quarter stood at Rs 1.92 crore, against a loss of Rs 9.85 crore in the preceding quarter and a profit of Rs 70.06 crore a year ago.
Other comprehensive income for the quarter was Rs 22.53 crore, largely due to fair value changes in equity investments. Total comprehensive income for the period stood at Rs 12.61 crore on a standalone basis and Rs 12.68 crore on a consolidated basis.
As of December 31, 2025, total segment assets were Rs 2,894.42 crore on a standalone basis, with net capital employed at Rs 2,348.98 crore. Paid up equity share capital remained at Rs 41.31 crore, with earnings per share for the quarter at Rs 0.09, compared with Rs 3.39 in the corresponding quarter last year.
With revenue under pressure and polyester margins fluctuating, Bombay Dyeing’s latest numbers reflect a business navigating cyclical headwinds. The profit may be modest, but after the previous quarter’s loss, the company has at least managed to keep its weave intact.
