Swiggy shares fall over 5% after Q1 results, brokerages remain divided

Swiggy shares plunge 6% even as losses narrow. Should investors buy, sell or accumulate?

Swiggy narrows net losses 34% YoY (Rs 791 cr), Instamart reaches 0.2% contribution margin; profitability timeline remains key market variable. Market reprices only on EBITDA path, ignoring revenue momentum. Instamart's margin inflection—not GOV—will trigger institutional re-rating.