ETtech Explainer: Swiggy’s losses balloon despite moving towards improving economics

When Swiggy reported its losses for the April-June quarter, doubling to Rs 1,197 crore, it laid out a series of steps it had taken to improve profitability. But the high cash burn that the company is fraught with indicates that these measures may take some time to show their impact. For its quick commerce business, Instamart, Swiggy continued to guide for a contribution margin break-even between Q3FY26 and Q1FY27. Contribution refers to revenue minus the direct order fulfilment costs.

What has Swiggy done to arrest losses?

• The company reiterated that…