Swiggy's Quick Commerce Hits Contribution Break-Even in Q1 FY27

Swiggy Ltd announced achieving contribution margin break-even in its Quick Commerce segment for Q1 FY27, a year ahead of its commitment. The company prioritized unit economics, leading to a 440 bps year-on-year improvement in contribution margin to -0.2% of GOV. Adjusted EBITDA losses narrowed to INR 778 Cr. Gross Order Value (GOV) for Quick Commerce grew 39.8% YoY to INR 7,907 Cr, with Adjusted Revenue per Order (RPO) increasing to INR 108. The Food Delivery segment saw GOV grow 17.4% YoY to INR 292 Cr, with Adjusted EBITDA margins at 3.1%. The Out-of-Home Consumption segment also maintained profitability with GOV growing 44.8% YoY to INR 1,529 Cr. Swiggy also highlighted ESG initiatives, including support for women delivery partners and a digital mutual fund program.