Copyright thehindubusinessline
Food and grocery delivery platform Swiggy reported a second-quarter loss that narrowed sequentially as strong growth in its quick commerce arm, Instamart, partly offset the impact of still-high investments in the business. The company report consolidated loss of ₹1,092 crore ($124.24 million) in the three months ended September 30, compared to ₹1,197 crore in the first quarter. However, the loss was wider than the year-ago quarter's ₹626 crore. The quick commerce industry, which promises to deliver everything from milk to mobile phones in minutes, has ignited an investment frenzy as it grows at a blistering pace. Swiggy's Instamart, Eternal's Blinkit and IPO-bound Zepto have emerged as the top players, jostling for market share by providing deep discounts, subsidising deliveries and rapidly expanding their warehouses. The race has weighed on profitability for Eternal and has led to ballooning losses for Swiggy, which indicated in May that absolute losses were set to decline gradually. Analysts had expected the company's profitability metrics, including Instamart's EBITDA margins, to improve sequentially. Instamart's revenue doubled to ₹980 crore, while that of the food delivery segment rose 22 per cent year-on-year. This propelled overall revenue 54 per cent higher to ₹5,561 crore. Published on October 30, 2025
