Swiggy narrows Q1FY27 loss to ₹791 crore as Instamart scales to 1,171 dark stores
Swiggy’s revenue rose 28.7% year on year to ₹6,812 crore in Q1FY27, while net loss narrowed from ₹1,197 crore a year earlier. Instamart’s GOV grew 39.8%, with 28 net dark-store additions across 131 cities, though its adjusted EBITDA margin remained negative at 9.8%.
Swiggy narrowed Q1FY27 loss to Rs 791 crore as revenue rose 28.66% year-on-year. Instamart reached contribution break-even in May, added 28 dark stores, and grew GOV 39.8%, while food delivery and out-of-home businesses improved profitability.
Why this matters
The update extends recent Swiggy Q1 FY27 signals on ₹6,812 crore revenue and Instamart reaching contribution break-even, adding detail on the 1,171-store network and negative adjusted EBITDA margin.
Retail-company is accelerating, up 314425% QoQ.