Negative impactCompany
Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart
Economic Times 47 min ago·23 Oct 2026, 5:49 am
Swiggy shares fell sharply on Friday, erasing about ₹9,000 crore in market value. The drop followed the company's second-quarter results, which highlighted the struggles of its quick-commerce unit, Instamart. While food delivery operations showed some growth, investor focus remained on the widening losses in Instamart.
The data revealed that Instamart's adjusted EBITDA loss grew to ₹895 crore from ₹778 crore in the previous quarter. Even as the unit's order volume increased, its contribution margin turned negative at -1.4%. This deterioration in profitability has led several brokerages to lower their price targets for the stock.
For investors, the key takeaway is the difficulty in turning a profit in the quick-commerce sector. The market is closely watching Swiggy's ability to improve margins and reduce losses in the coming quarters. Any further signs of sustained profitability or strategic shifts will be crucial for the stock's recovery.
Excerpt from Economic Times
Swiggy shares plunged on Friday, wiping out around ₹9,000 crore in market value as widening Instamart losses overshadowed food delivery growth. Following Q2 results, brokerages cut their price targets, citing deteriorating quick-commerce profitability. Instamart’s adjusted EBITDA loss widened to ₹895 crore from ₹778…Read the original at Economic Times
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Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Swiggy (SWIGGY).
- Category: Company.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Swiggy worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
