Growth Vs Profitability: Swiggy’s Tug-Of-War
Swiggy's Q2 FY27 results reveal a widening gap between its profitable food-delivery business and mounting losses at Instamart, with the stock falling 15% after disappointing investor expectations.
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Swiggy's Q2 FY27 results reveal a widening gap between its profitable food-delivery business and mounting losses at Instamart, with the stock falling 15% after disappointing investor expectations.
Analysis of Blinkit and Swiggy's Instamart financial performance reveals a significant profitability gap: Blinkit achieved Rs 184 crore profit while Instamart lost Rs 895 crore in the September 2026 quarter.
Swiggy plans to transition its quick commerce arm Instamart from a marketplace to an inventory-led model by mid-Q3 FY27, expecting to improve working capital cycles by 8–10 days and boost contribution margin by 80 basis points.
Swiggy plans to transition to an Indian-owned entity structure starting Q3 FY27, expecting an 80 basis point margin improvement for its quick commerce arm Instamart.