Swiggy narrows June-quarter loss as food delivery and Instamart GOV accelerate
Swiggy’s consolidated net loss narrowed to Rs 791 crore from Rs 1,197 crore a year earlier, while revenue rose 37.31% to Rs 6,812 crore. Food delivery GOV grew 17.4% and Instamart GOV climbed 39.8%, with Instamart’s contribution margin improving to negative 0.2%.
Swiggy reported improved June-quarter profitability, with losses narrowing as food delivery and Instamart GOV grew. The market roundup also highlighted strong quarterly results at Bajaj Finserv and Bajaj Finance, whose financial-services growth can affect Indian consumer spending and retail financing.
Why this matters
The results extend Swiggy's recent pattern of narrowing losses and improving Instamart economics, following signals on Instamart reaching contribution breakeven and investor concerns over profitability.
Retail-company signals are accelerating, up 258280% QoQ.