India, July 30 -- Swiggy's quick commerce arm Instamart achieved contribution margin breakeven in the first quarter of FY27, with contribution margin turning positive at 0.2% of its gross order value (GOV) of Rs.7,907 Cr.

The company contribution margin (as % of GOV) as the difference between adjusted revenue and the sum of fees and discounts.

According to Swiggy's shareholders' letter, Instamart reached the milestone in May 2026, driven by higher per-order monetisation. Its adjusted revenue per order (RPO) increased to Rs.108 during the quarter from Rs.97 in Q4 FY26.

The business also narrowed its adjusted EBITDA loss to Rs.778 Cr in Q1 FY27 from Rs.896 Cr in the year-ago quarter, reflecting improving operating leverage despite contin...