The results were announced post market hours. In a letter to shareholders, Swiggy said Instamart’s margin was impacted by a mix of reasons – “a) (dark) store expansion and replacements ...

Advt On the other hand, Swiggy’s quick commerce business, Instamart, clocked an impressive 101 per cent YoY growth, reaching a GOV of Rs 4,670 crore. However, the segment's contribution margin ...

India’s food and delivery giants Swiggy and Eternal (Zomato ... is further compounding the challenge. “Margin compression is being driven by rising competitive intensity, leading to higher ...

"Swiggy delivered in line growth, but margins were significantly below consensus. Instamart's adjusted Ebitda margin fell 420 bps QoQ while the contribution margin (CM) fell 270 bps QoQ.

Swiggy Ltd, the food delivery and quick commerce ... this will result in 2.6% EBITDA margin as % of GMV for this segment. We expect an EBITDA loss of ₹870 crore for the Instamart business ...

Swiggy’s growth was in line with expectations, but margins dipped significantly below consensus. “Instamart’s adjusted EBITDA margin fell 420bp QoQ while the contribution margin (CM ...

"Adjusted EBITDA grew 15.4 per cent quarter-on-quarter (QoQ) and over five times YoY to ₹212 crore, and strong efficiency and execution drove a margin expansion to 2.9 per cent of GOV ...

Swiggy also made gains on the profitability front. Its food delivery contribution margin rose to 7.8 per cent of GOV in Q4, up from 7.4 per cent in the preceding quarter and 6.7 per cent a year ago.

Swiggy, the food tech giant and delivery platform, has merged its online retail division, Swiggy Mall, with its quick-commerce division, Instamart, aiming to diversify its offerings and expand ...