Swiggy shares slide as Instamart breakeven progress meets profitability concerns

Swiggy’s Q1 FY27 net loss narrowed 34% year on year as revenue rose 37%. Instamart posted a 0.2% contribution margin in May and reached 1,171 dark stores, but brokerages flagged slower GOV momentum, continued cash burn and a long path to adjusted EBITDA profitability.

— Filed Fri, 31 Jul, 2026, 14:30 IST · Source Inc42 · Buzz · Updated

Swiggy’s Q1 FY27 loss narrowed as revenue, users and GOV rose. Instamart achieved contribution-margin breakeven and expanded to 1,171 dark stores, but brokerages flagged flat GOV growth, elevated cash burn and uncertain profitability despite food-delivery strength.

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