🚀 Business & Startups🇮🇳 India
Swiggy Cuts Losses by a Third, Instamart Finally Breaks Even
Inc42 Media·Friday, 31 July 2026
Swiggy narrowed its consolidated net loss 34% year-on-year to ₹791 crore in Q1 FY27, while revenue jumped 37%. Its quick commerce arm Instamart hit contribution margin breakeven for the first time. However, the food delivery business saw profitability dip sequentially after LPG supply disruptions caused restaurant order cancellations.
Why It Matters
Swiggy is one of India's most-used apps. Its financial health directly affects the restaurants, delivery partners, and millions of customers on its platform.
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