Swiggy’s Q1 loss widened to Rs 11.97 billion due to heavy Instamart investments, despite strong revenue growth.

• Revenue surged 54% YoY to Rs 49.61 billion, driven by food and quick-commerce business momentum.
• Consolidated expenses rose 60% to Rs 62.44 billion amid higher advertising and infrastructure costs.
• Instamart expansion, discounts, and logistics spend pressured margins as Swiggy battles rivals in the quick-commerce race.