# Swiggy Q2 FY27 financial performance > Developing situation record from CLSTR: https://clstr.news/situations/swiggy-q2-fy27-financial-performance > Updated: 2026-10-28T01:05:04.000Z. Sources: 8. Developments: 2. Swiggy Ltd reported mixed financial results for the second quarter of FY27, characterized by a divergence between its core food delivery business and its quick-commerce segment, Instamart. The food delivery division showed improved profitability, with gross order value increasing 17.7% year-on-year to Rs 10,054 crore and adjusted EBITDA rising to Rs 341 crore. In contrast, the quick-commerce arm, Instamart, drove significant losses. Instamart recorded an adjusted EBITDA loss of Rs 895 crore, attributed to heavy investments in dark stores and market expansion to compete with rivals such as Blinkit and Zepto. Overall, Swiggy reported a consolidated net loss of Rs 922 crore, which was an improvement from the Rs 1,092 crore loss in the same quarter of the previous year. Despite a 36% rise in revenue from operations, the company's stock has faced high volatility, falling more than 50% from its October 2025 peak. Following the results, several brokerages, including Goldman Sachs and JPMorgan, lowered their price targets for the company due to concerns regarding Instamart's profitability. ## Timeline ### 2026-10-28: Swiggy reports mixed Q2 FY27 results amid Instamart losses Swiggy's Q2 FY27 results show strong growth in food delivery with record EBITDA, but widening losses in its quick commerce unit, Instamart, as it competes in the rapid delivery market. 2 sources. https://clstr.news/cluster/swiggy-reports-mixed-q2-fy27-results-amid-instamart-losses ### 2026-10-22: Swiggy reports Rs 922 crore loss in Q2 despite revenue growth Swiggy reported a consolidated net loss of Rs 922 crore for Q2FY27, driven by losses in its Instamart quick-commerce segment despite a 36% year-on-year rise in operational revenue. 6 sources. https://clstr.news/cluster/swiggy-reports-rs-922-crore-loss-in-q2-despite-revenue-growth --- Cite as: Swiggy Q2 FY27 financial performance. CLSTR, https://clstr.news/situations/swiggy-q2-fy27-financial-performance