Swiggy reports widening Instamart losses amid food delivery growth

Swiggy’s second-quarter results for FY27 reveal a growing tension between business expansion and profitability. While the company’s food delivery segment achieved record adjusted EBITDA driven by advertising revenue and delivery efficiencies, these gains were offset by widening losses in its quick-commerce arm, Instamart.

Instamart’s adjusted EBITDA loss expanded to ₹895 crore, up from ₹849 crore the previous year. Despite this, the division showed growth momentum, with net order value rising 13.4% sequentially to ₹6,594 crore and monthly transacting users increasing to 14.8 million.

On the financial front, Swiggy’s consolidated revenue from operations grew 36.1% year-on-year to ₹7,571 crore. The consolidated net loss narrowed to ₹922 crore compared to ₹1,092 crore a year earlier, though it widened from the preceding quarter. Following the report, Swiggy’s shares fell approximately 15% on the BSE, resulting in a market capitalization loss of roughly ₹9,000 crore in a single session.

In tandem with these financial developments, Swiggy has renewed its insurance programme for its delivery partners. The initiative provides accidental death cover of Rs 10 lakh, in-patient hospitalisation up to Rs 2 lakhs, and family health coverage up to Rs 1 lakh. The programme also includes maternity benefits and support for child education in cases of accidental death or permanent disability.