For the first quarter of FY27, Instamart broke even at the contribution margin level, in line with the guidance the company had provided five quarters ago. Contribution margin is a financial metric that measures how much revenue remains after covering variable costs.

July 30 : India's Swiggy said on Thursday its quarterly loss narrowed and a key profitability metric at its quick-delivery platform Instamart improved, while it plans to add more…

July 30 : India's Swiggy Ltd on Thursday posted a narrower quarterly loss by 34 per cent, buoyed by healthy demand for its food delivery and as its quick commerce arm hit a…

Revenue beats estimates; food delivery and quick commerce drive growth