Business · Updated 26 Oct, 06:00 am IST
Swiggy Q2 FY27: Instamart losses overshadow food-delivery gains
Why it matters for readers: Explains why a company can report rising revenue yet still see its shares fall after earnings.
- Revenue from operations rose 36.1% year-on-year to ₹7,571 crore in the September quarter.1
- Consolidated net loss narrowed to ₹922 crore from ₹1,092 crore a year earlier but widened from ₹791 crore in the prior quarter.1
- Instamart’s adjusted EBITDA loss widened to ₹895 crore from ₹849 crore even as its net order value grew 13.4% sequentially.1
- Swiggy’s shares fell around 15% to ₹179.90 on the BSE on October 23, 2026, erasing roughly ₹9,000 crore in market value.1
- Food delivery reported record adjusted EBITDA, boosted by advertising revenue and delivery efficiencies.1
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