Swiggy’s Instamart hits contribution break-even, plans 75 more dark stores in Q2
Swiggy reported a Rs 791 crore Q1 FY27 net loss as investment in new bets continued. Instamart’s contribution margin reached break-even in May, while its adjusted EBITDA loss narrowed to Rs 778 crore. The quick-commerce unit now operates 1,171 dark stores across 131 cities.
Swiggy’s Q1 FY27 loss widened as spending on new ventures offset Instamart’s improving economics. Instamart reached contribution break-even in May, expanded to 1,171 dark stores, and plans 75 more. Swiggy also seeks Indian-owned status to enable Instamart inventory ownership.
Why this matters
The update follows Swiggy’s Q1 FY27 loss narrowing 34% as Instamart revenue rose 53%, while food-delivery profit slipped QoQ despite 23% revenue growth. Instamart’s break-even milestone points to improving quick-commerce unit economics amid network expansion.
Retail-company signals are accelerating, up 254440% QoQ.