Swiggy misses Street on new bets
Swiggy reported a consolidated net loss of Rs 791 crore for the first quarter of FY27, wider than the Bloomberg estimate of Rs 717 crore, as a sharp increase in spending on its incubated new businesses absorbed almost the entire improvement delivered by quick commerce arm Instamart. Consolidated adjusted revenue stood at Rs 7,112 crore, ahead of the estimated Rs 6,754 crore.
