Swiggy Q1 loss narrows 34% as revenue rises 37%; Instamart reaches 1,171 dark stores
Swiggy reported a consolidated net loss of ₹791 crore in Q1 FY27, versus ₹1,197 crore a year earlier, as revenue from operations rose 37% to ₹6,812 crore. Instamart’s revenue grew 53%, its contribution margin improved to 0.2%, and the business added 28 dark stores across 131 cities.
Swiggy narrowed its Q1 FY27 loss as revenue rose 37%, led by food delivery and Instamart. Instamart reached contribution breakeven in May, expanded to 1,171 dark stores, and will continue targeted investments to accelerate growth.
Why this matters
The results extend Swiggy's recent pattern of narrowing quarterly losses as operating revenue rises, while Instamart reaches contribution break-even and expands dark-store capacity.
Retail-company signals are accelerating, up 314500% QoQ.