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Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart

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 crore, while its contribution margin deteriorated to -1.4% despite 13.4% sequential growth in net order value.

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Economic TimesLean R·1h ago
Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart
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 crore, while its contribution margin deteriorated to -1.4% despite 13.4% sequential growth in net order value.
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Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart

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Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart

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