Bengaluru, Oct. 22 -- Swiggy Ltd expects its quick-commerce business, Instamart, to have peaked its losses in the September quarter, as it steps up investments to accelerate growth amid intensifying competition.

The company expects Instamart's adjusted Ebitda losses to decline from the Rs.895 crore in the second quarter of fiscal year 2026-27 (FY27), with management guiding for a sequential margin improvement of around 100 basis points (bps) in the December quarter. Instamart's losses widened from Rs.849 crore a year ago.

Swiggy's consolidated net loss narrowed 15.6% year-on-year to Rs.922 crore from Rs.1,092 crore, while revenue from operations grew 36% to Rs.7,571 crore from Rs.5,561 crore.

The company's shares fell 5.01% to close at...