Daily briefing

Friday, 23 October 2026

Blinkit races stores, Zudio hits four figures, festive clicks rise

Delhi desk, 23 October 2026. Eternal just lifted Blinkit’s FY27 store goal after a clean Q2 print while Trent’s value chain crossed 1,000 outlets. Merchants watch the festive till and dark-store payback as small-town traffic leads the early sale numbers.

1. Ecommerce

   Blinkit target jumps to 3,500 stores

   Eternal accelerates after Q2 margins and smaller-city economics improve.

2. Retail

   Zudio crosses 1,000-store milestone

   Trent pushes value fashion deeper into smaller Indian cities.

3. Ecommerce

   Flipkart festive DAUs set new high

   Small-town and first-time buyers power the opening Big Billion Days rush.

4. Platforms

   Anand Rathi buys Nykaa at ₹400

   Record $1 billion revenue and premium beauty mix underpin the fresh coverage.

5. Retail

   Store density sets festive margin rules

   Blinkit and Zudio expansions force merchants to match catchment or lose the till.

6. Retail

   Jio Platforms retail portion fully subscribed day two

   IPO hits 3.64 times overall; Reliance brand pulls family money into the primary market ahead of listing.