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Quick commerce appetite bites into Swiggy’s profits
Financial Express Kolkata
|January 30, 2026
Instamart orders soar 103% YoY
SWIGGY ON THURSDAY reported a wider consolidated net loss for the October-December quarter as heavy investments in its quick commerce business continued to weigh on profitability, even as revenue and operating metrics came in ahead of Bloomberg estimates.
The food delivery and quick commerce firm posted a net loss of ₹1,065 crore during the quarter compared with a Bloomberg consensus estimate of around ₹1,000 crore and a loss of ₹799 crore a year earlier. The widening loss was largely driven by higher spending on Instamart amid intensifying competition in the quick commerce segment.
This story is from the January 30, 2026 edition of Financial Express Kolkata.
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