Swiggy to move Instamart to inventory model by mid-Q3 FY27

Swiggy will transition its quick commerce arm Instamart from a marketplace to an inventory-led model by mid-Q3 FY27, with the shift expected to take 2–3 quarters. The company expects an 8–10 day improvement in working capital and an 80 bps lift to contribution margin. Instamart's adjusted EBITDA loss widened to ₹895 Cr in Q2 FY27.

• Instamart's inventory model transition will take 2–3 quarters
• Swiggy expects 80 bps contribution margin gain and 8–10 days working capital improvement
• Instamart adjusted EBITDA loss widened to ₹895 Cr in Q2 FY27
• Dark store network reached 1,240 stores across 133 cities