Swiggy's Instamart Reaches Contribution Margin Breakeven as Q1 Loss Narrows

Swiggy's quick‑commerce arm Instamart achieved contribution‑margin breakeven in May 2026, posting a positive 0.2% of its gross order value (GOV) of ₹7,907 crore. The segment’s adjusted EBITDA loss narrowed to ₹778 crore in Q1 FY27, improving from ₹896 crore a year earlier, while its network expanded to 1,171 darkstores across 131 cities.

In the same quarter, Swiggy reported a consolidated net loss of ₹791 crore, down from ₹1,197 crore a year ago, as revenue rose to ₹6,812 crore from ₹4,961 crore. Total expenses increased to ₹7,813 crore, driven by higher advertising, sales promotion, and delivery costs. Co‑founder and Group CEO Sriharsha Majety said the company will seek shareholder approval to grant Instamart Indian‑owned and controlled company status, which could add about 80 basis points to its contribution margin.

The financial results highlight Swiggy’s continued investment in expansion while moving toward profitability in its fast‑growing Instamart segment.