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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.
New-age Indian tech stocks lost over $11 billion in market value this week, led by Swiggy's 24.5% decline following weak quick-commerce results.
Swiggy's Instamart and Eternal's Blinkit pursue divergent business strategies on private labels: Instamart builds own brands for customer retention while Blinkit focuses on advertising revenue from stocked brands.
Swiggy's stock plunged 17% to a 52-week low after Q2 results showed widening losses at Instamart despite food delivery improvements, prompting brokerages to cut price targets.
Swiggy reported mixed Q2 FY27 results with record food delivery profitability but widening losses in its Instamart quick commerce division, which is transitioning to an inventory-led model.
Swiggy's share price fell 14% to a 52-week low after reporting a Rs 922 crore quarterly loss, despite 36% revenue growth, prompting multiple analysts to cut target prices due to quick commerce challenges.
Swiggy reported improved Q2 FY27 financials with higher revenue and reduced losses, while eMudhra cofounder discusses lessons learned.
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 narrowed net losses 16% to Rs 922 crore in Q2 FY27 while revenue jumped 36%, with Instamart quick-commerce growing 31% year-on-year.
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.
Indian food delivery duopoly Swiggy and Zomato face new competition from Rapido's Ownly, Swish Go, and Flipkart's Eat In service.
