India, July 31 -- Swiggy Marches Closer To Profitability In Q1

Swiggy inched closer to profitability in Q1. During the quarter, its core food delivery vertical continued to grow despite margin pressure, the quick commerce arm hit a crucial breakeven milestone and new bets like Toing continued to expand Swiggy's addressable market.

Here is a quick recap of Swiggy's Q1 FY27 results:

Net loss narrowed by nearly 34% YoY to Rs.791 Cr

Operating revenue rose 36.8% YoY to Rs.6,812 Cr

Expenses jumped 25% YoY to Rs.7,813 Cr

Consolidated adjusted EBITDA loss improved 20% YoY to Rs.651 Cr

Instamart Hits Breakeven: The standout development of Swiggy's Q1 was Instamart achieving contribution margin breakeven. The turnaround was fuelled by strong...