Swiggy Q4: Food delivery shrugs off LPG crisis with 23% growth; Instamart margins improve but GOV cools
Food delivery revenue hit ₹2,304 Cr (+23% YoY) with GOV at ₹9,005 Cr and contribution margin nudging to 7.8%. Net loss narrowed 26% to ₹800 Cr. Instamart GOV slipped to ₹7,881 Cr and AOV to ₹700, but contribution margin improved sharply to -1.8% from -5.6%, with breakeven guided for Q1 FY27.
Swiggy Q4 FY26: food delivery revenue up 23% to ₹2,304 Cr despite LPG crisis, loss narrowed 26% to ₹800 Cr. Instamart AOV and GOV softened but contribution margin improved; breakeven targeted Q1 FY27.