Profit loss narrows, revenue soars—So why did Swiggy stock crash 4%?

Mumbai/IBNS: Shares of Swiggy Ltd. fell more than 4 percent in early trade on Friday despite the food delivery and quick-commerce platform reporting a narrower net loss and strong revenue growth for the June quarter, media reports said.

IBNS • 31 Jul 2026, 08:00 am

The stock declined as much as 4.28 percent to Rs. 283.25 apiece during the session.

Financial performance

For the quarter ended June 30, 2026 (Q1 FY27), Swiggy reported a consolidated net loss of Rs. 791 crore, narrowing 34 percent from Rs. 1,197 crore in the corresponding quarter last year.

Revenue from operations rose 37 percent year-on-year to Rs. 6,812 crore, surpassing analysts' expectations.

Instamart continues to improve

Swiggy's quick-commerce business, Instamart, showed further improvement in profitability during the quarter.

Its contribution margin improved to -0.2 percent of gross order value (GOV) from -1.8 percent in the previous quarter.

The company attributed the improvement to higher advertising revenue, increased repeat customers and a broader product assortment.

Why did the stock fall?

Despite the stronger financial performance, investors appeared cautious amid intense competition in the quick-commerce segment and concerns over continued investments required to sustain growth, leading to profit booking in the stock.