Swiggy narrows Q1 loss 34% as Instamart reaches contribution-margin breakeven
Swiggy’s Q1 FY27 operating revenue rose 36.8% year on year to ₹6,812 crore while net loss narrowed to ₹791 crore. Instamart added 28 dark stores, taking its network to 1,171 across 131 cities, while shedding more than 4 million unprofitable users.
Swiggy narrowed Q1 FY27 losses as Instamart reached contribution-margin breakeven and expanded its dark-store network. The roundup also covers HomeLane’s FY27 profitability push, Zepto’s delayed IPO and pre-IPO fundraise, Sid’s Farm funding, and Rapido’s Ownly food-delivery challenge.
Why this matters
The result expands on a prior signal that Swiggy’s June-quarter performance met Street expectations. It follows a post-results share decline of more than 5% as broker targets ranged from ₹230 to ₹430.
Retail-company signals are accelerating, up 256580% QoQ.