Swiggy narrows Q1 FY27 loss 34% as Instamart reaches contribution breakeven
Swiggy’s net loss narrowed 34% year-on-year to Rs 791 crore while revenue rose 37% to Rs 6,812 crore. Instamart grew revenue 53% to Rs 1,232 crore, reached contribution breakeven in May 2026 and operated 1,171 dark stores across 131 cities.
Swiggy cut its Q1 FY27 net loss by 34% to Rs 791 crore as revenue rose 37% to Rs 6,812 crore. Instamart achieved contribution breakeven, expanded to 1,171 dark stores, and posted 53% revenue growth.
Why this matters
The results reinforce Swiggy's recent momentum: Instamart has hit contribution breakeven and plans 75 more dark stores, while the company previously narrowed its June-quarter loss by Rs 406 crore.
Retail-company signals are accelerating, up 255320% quarter-on-quarter.
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