Swiggy Narrows Q1 FY27 Loss as Instamart Hits Break-Even

Swiggy Ltd reported a consolidated net loss of ₹791 crore for the first quarter of FY27, representing a 34% decrease from the ₹1,197 crore loss recorded during the same period last year. Revenue from operations rose 37% year-on-year to ₹6,812 crore, fueled by growth in food delivery and its quick-commerce service, Instamart.

Instamart reached its targeted contribution margin break-even in May 2026. To support this expansion, the company grew its dark-store network to 1,171 locations across 131 cities. Swiggy also expanded its budget delivery platform, Toing, into 50 cities.

Group CEO Sriharsha Majety stated that the company's differentiated assortment strategy will drive future growth. Management expressed confidence in Swiggy's competitive position even as Flipkart Group plans to enter the online food delivery market. Recent leadership changes include the resignation of Instamart CEO Amitesh Kumar Jha on July 28, 2026.