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Zepto Posts Q4 FY26 Results: Revenue Up 86% YoY, Adjusted EBITDA Loss Narrows to ₹128 Crore

By , News Editor4 min read
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Modern Indian quick-commerce startup team collaborating in a Bengaluru office with floor-to-ceiling windows

Quick-commerce platform Zepto reported Q4 FY26 revenue of ₹3,420 crore, an 86% YoY increase, with adjusted EBITDA loss narrowing 61% to ₹128 crore as the company prepares for an IPO filing in H2 FY27.

Key Facts

Key facts: Zepto Posts Q4 FY26 Results: Revenue Up 86% YoY, Adjusted EBITDA Loss Narrows to ₹128 Crore
DetailValue
Deal size₹128
StageIPO
HeadquartersMumbai, India
SectorZepto
CoverageStartup News

Mumbai-based Zepto reported Q4 FY26 (Jan–Mar 2026) results showing accelerating revenue growth and sharply narrower losses ahead of its expected IPO filing later this fiscal year.


Headline Numbers


  • Revenue: ₹3,420 crore (up 86% YoY)
  • Adjusted EBITDA loss: ₹128 crore (down 61% YoY)
  • Contribution margin: +5.2% (vs -1.9% in Q4 FY25)
  • Monthly Transacting Users: 14.8 million
  • Dark stores in operation: 1,210

  • What Drove the Quarter


  • AOV expansion — average order value crossed ₹520 from ₹438 a year ago
  • Zepto Café — the prepared-food vertical now contributes 11% of revenue
  • Private label — Zepto Daily and Relish brands hit 18% category mix in grocery
  • Ads revenue — advertising as a service contributed ₹240 crore (7% of revenue)

  • IPO Timeline


    Founder and CEO Aadit Palicha told analysts on the call that Zepto plans to file its DRHP in Q3 FY27, targeting a public listing in early calendar 2027. The company has appointed Kotak, Morgan Stanley and Goldman Sachs as lead bankers.


    Why It Matters


    Zepto's print confirms the broader quick-commerce thesis: with disciplined pricing and a meaningful private-label and ads revenue mix, the category can move toward profitability without sacrificing growth. The next 2–3 quarters will determine the valuation band the market is willing to underwrite at IPO.

    zeptoquick commerceq4 fy26iporesultsjune 2026

    Reported by Ananya Raghavan. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.

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