India, Oct. 26 -- Swiggy's results for the second quarter (Q2) of the financial year 2026-27 (FY27) show that the tug of war between growth and profitability is intensifying, as Instamart's mounting losses threaten to overshadow the improving performance of its food-delivery business.

On October 23, 2026, the company's shares fell around 15% to Rs.179.90 on the BSE, wiping out roughly Rs.9,000 Cr in market capitalisation in a single session. The sell-off came after Swiggy reported its results, with widening losses at Instamart overshadowing improving profitability in its food delivery business. The stock has also lost more than half its value since its market debut in November 2024.

The company's revenue from operations increased 36.1% ...