Swiggy narrowed its net loss by nearly 34% year-on-year to ₹791 crore in the first quarter of fiscal 2027, according to inc42.com. The company's operating revenue rose 36.8% year-on-year to ₹6,812 crore, while expenses increased 25% to ₹7,813 crore. Swiggy's consolidated adjusted EBITDA loss improved 20% year-on-year to ₹651 crore during the quarter.
A key highlight was Instamart, Swiggy's quick commerce arm, achieving contribution margin breakeven in Q1. This milestone was driven by stronger monetisation, with average revenue per order rising to ₹108, and a strategic decision to shed over 4 million unprofitable users. Instamart also expanded its network by adding 28 dark stores, bringing the total to 1,171 stores across 131 cities, as reported by inc42.com.
Swiggy's core food delivery vertical continued to grow despite margin pressures caused by operational disruptions such as LPG supply shortages, seasonal monsoons, annual salary hikes, and increased delivery partner investments. The company maintained its medium-term guidance of 18–20% gross order value growth, even as competition intensifies with the entry of zero-commission players, according to inc42.com.
The quick commerce segment's breakeven and the narrowing net loss underscore Swiggy's progress toward profitability. The company’s operational scale now spans over 1,171 dark stores in 131 cities, positioning it to capitalize on growing demand in quick commerce and food delivery markets, inc42.com reported.