Swiggy Instamart’s Q3 Margins Hit By Rising Competition In Quick Commerce

Swiggy Instamart’s contribution margin dropped to -4.6% in Q3 FY25 from -1.9% in Q2 FY25

The company attributed this decline to higher growth investments, particularly in user activation, and the expansion of darkstores across multiple regions

Its adjusted EBITDA margin also slipped to -14.8% in Q3 FY25 from -10.6% in the last quarter

The rising competition in the quick commerce segment hit the margins of Swiggy Instamart in the third quarter of the ongoing fiscal year (Q3 FY25) as the company stepped up…