Swiggy , India's leading food delivery and quick commerce platform, has reported robust quarterly results, showcasing impressive growth in its quick commerce business. The company's Instamart division achieved a remarkable 110% increase in gross order value (GOV), signaling strong consumer adoption and market expansion.

Instamart's Rapid Growth and Profitability Path

Swiggy's quick commerce arm, Instamart, has made significant strides towards profitability. The division improved its contribution margins by 200 basis points, reaching negative 2.6%. This improvement brings Instamart closer to its target of achieving profitability by June 2026.

Food Delivery Maintains Strong Performance

While quick commerce stole the spotlight, Swiggy's food delivery business continued to perform strongly. The segment saw an improvement in EBITDA margins by 44 basis points quarter-on-quarter, underlining the company's ability to enhance profitability across its diverse offerings.

Expanding Beyond Groceries

A key highlight of Swiggy's performance was the significant expansion of non-grocery categories within its quick commerce mix. These categories grew from 9% to 26% of the quick commerce mix over the past year, driven by the company's Quick India Movement initiative. This diversification strategy appears to be paying off, broadening Swiggy's appeal and potentially increasing customer retention.

Operational Efficiency and Future Growth

Swiggy's management highlighted that the current store network can support double the current order volume, indicating significant room for growth without proportional increases in infrastructure costs. Notably, 25% of stores are now operating at positive contribution margins, a promising sign for the company's path to profitability.

Capital Raise on the Horizon

Swiggy is seeking board approval for a Qualified Institutional Placement (QIP). This capital raise could provide the company with additional resources to maintain its competitive positioning in both food delivery and quick commerce segments.

Looking Ahead

Swiggy's management expects to demonstrate contribution margin profitability in quick commerce by June 2026. The company's focus on balancing growth with improving unit economics appears to be yielding results, positioning Swiggy strongly in the competitive Indian e-commerce landscape.

As the quick commerce sector continues to evolve, Swiggy's performance this quarter suggests it is well-positioned to capitalize on the growing demand for fast, convenient delivery services across a widening range of product categories.

Swiggy Limited , the food delivery giant, has announced that its shareholders have approved two significant resolutions through a postal ballot conducted via remote e-voting. The voting process, which ran from October 3 to November 1, 2025, saw strong support for both proposals.

Instamart Sale Approved

The first resolution, a special resolution, sought approval for the sale and transfer of the Instamart Undertaking to an indirect wholly-owned subsidiary of the company. This proposal received near-unanimous support, with 99.9951% of votes cast in favor. Out of 1,864 voting members, 1,153,541,235 votes were cast in support of the resolution, while only 56,888 votes were against it.

Related Party Transaction Greenlit

The second resolution, an ordinary resolution, approved a material related party transaction. This involved the sale and transfer of 163,990 Series D Compulsorily Convertible Preference Shares and 10 equity shares held by Swiggy in Roppen Transportation Services Private Limited to MIH Investments One B.V. This resolution also received strong backing, with 99.4480% of votes in favor. A total of 1,077,606,698 votes were cast in support by 1,802 members, while 5,981,639 votes were against the proposal.

Voting Details

The voting results, as scrutinized by Pramod SM of BMP & Co. LLP, revealed significant participation from shareholders:

The e-voting process was conducted in compliance with the Companies Act, 2013, and SEBI regulations. Swiggy Limited's Company Secretary and Compliance Officer, Cauveri Sriram, confirmed that the voting results and Scrutinizer's Report are available on the company's website.

These approvals pave the way for Swiggy to proceed with its strategic plans regarding the Instamart business and its stake in Roppen Transportation Services. The overwhelming support from shareholders indicates confidence in the company's decision-making and future direction.