Swiggy Instamart reaches contribution-margin breakeven in Q1 FY27
Swiggy Instamart hit a 0.2% contribution margin on GOV in Q1 FY27 as adjusted revenue per order rose to ₹108. The business narrowed adjusted EBITDA losses to ₹778 crore while expanding to 1,171 darkstores across 131 cities.
Swiggy Instamart reached contribution-margin breakeven in Q1 FY27, aided by higher per-order monetisation. The quick-commerce business narrowed EBITDA losses and expanded to 1,171 darkstores across 131 cities, adding 28 during the June quarter.
Why this matters
The breakeven follows Instamart's December test of physical retail beyond quick-commerce delivery and the resurfacing of its physical retail experiment.
Retail-company signals are accelerating, up 314950% QoQ.
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