Swiggy falls over 5% after Q1 as broker targets split from ₹230 to ₹430
Swiggy’s Q1FY27 net loss narrowed to ₹791 crore from ₹1,197 crore a year earlier, but its shares slid more than 5% as analysts differed on food-delivery margins, Instamart growth and quick-commerce cash burn. Some expect EBITDA break-even to extend beyond FY29.
Swiggy shares fell over 5% after Q1FY27 results despite losses narrowing to ₹791 crore. Brokerages diverged on food delivery margins, Instamart growth and cash burn, with targets ranging from ₹230 to ₹430 and debate over quick-commerce EBITDA breakeven timing.
Why this matters
The sell-off follows signals that Swiggy narrowed its Q1 FY27 loss and that Instamart reached contribution breakeven, while the company is also set to meet Bengaluru restaurant bodies over a proposed August 15 boycott.
Retail-company signals are accelerating, up 256,160% QoQ.