Swiggy narrows quarterly loss as food delivery, Instamart growth stays strong
Swiggy posted a narrower quarterly loss as food delivery notched its strongest growth in nearly four years. Gross order values rose 22.6% to about 90 billion rupees, marking a 15-quarter high, with Instamart momentum reinforcing the recovery.
Swiggy posted a narrower quarterly loss as food delivery and Instamart growth stayed strong. Food delivery hit its strongest growth in nearly four years, with gross order values rising 22.6% to about 90 billion rupees.
Why this matters
The narrower loss follows Swiggy's expansion moves, including the LYNK acquisition into food and grocery retail, and its affordability battle with Zomato over the Rs 200 meal, as its stock recently jumped 10% to ₹273.
Retail-company signals accelerating, up 764400% QoQ.