Swiggy's loss narrows 16% to ₹922 crore but Instamart still burns cash

Swiggy reported a consolidated net loss of ₹922 crore for July to September, down 16% from ₹1,092 crore a year earlier but up from ₹791 crore in the June quarter. Operating revenue rose 36% to ₹7,571 crore.

Two businesses, two directions

Food delivery’s order value grew 18% to ₹10,054 crore, and its adjusted EBITDA hit a record ₹341 crore.

Instamart’s order value grew 31% to ₹9,230 crore, but its adjusted EBITDA loss widened to ₹895 crore. It added 69 dark stores and now runs 1,240 across 133 cities.

Swiggy had ₹13,662 crore in cash at the end of September.