Swiggy narrows Q1 loss 34% as revenue rises 37%; Instamart reaches contribution breakeven
Swiggy’s Q1 net loss narrowed to Rs 791 crore from Rs 1,197 crore a year earlier, while revenue from operations rose to Rs 6,812 crore. Food delivery GOV grew 17.4% and adjusted EBITDA improved, as Instamart named former Myntra CEO Nandita Sinha to lead its next growth phase.
Swiggy narrowed its Q1 loss as revenue rose 37%, while food delivery GOV and users grew. Quick-commerce arm Instamart reached contribution breakeven and appointed former Myntra CEO Nandita Sinha to lead growth amid intensifying competition.
Why this matters
The results extend recent Swiggy signals showing Q1 loss narrowing, operating revenue growth and Instamart scaling to 1,171 dark stores, with contribution breakeven marking a new milestone for quick commerce.
The retail-company theme is accelerating, up 314550% QoQ.