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Even as its quick commerce arm Instamart continued to weigh on Swiggy’s bottom line in Q1 FY26, the segment showed signs of reduction in its cash burn.
While Instamart saw its loss almost triple to INR 797 Cr during the quarter under review from INR 280 Cr a year ago, the increase was a mere 3.3% on a sequential basis from INR 771 Cr.
Instamart’s adjusted EBITDA margin also saw marginal improvement QoQ. It stood at 15.8% in Q1 FY26 as against 18% in the preceding quarter, as the company was selective in darkstore additions during the quarter.
“In Q1, we expanded operations to 127 cities (vs 124 in Q4), and added darkstores selectively for alleviating capacity constraints or creating coverage in specific pockets that demonstrated the need,” Swiggy cofounder and group CEO Sriharsha Majety said.
Going ahead, Instamart will “modulate investments” to ensure that the business is driven towards scale-led profitability, he added.
Meanwhile, on the back of store additions and rise in demand, Instamart’s revenue more than doubled to INR 806 Cr in Q1 FY26 from INR 374 Cr a year ago. Sequentially, revenue rose nearly 17% from INR 689 Cr.
(The story will be updated soon)
The post Swiggy Q1: Instamart’s Loss Rises But Margin Improves On Selective Store Additions appeared first on Inc42 Media.
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