Instamart profitability still a long way away, AOV ramp-up key to improve performance: Elara

Instamart, the third-ranking quick commerce platform by order value, can make good on its turnaround plans by the June quarter of fiscal year 2027, brokerage house Elara Capital said in a recent note. However, adjusted operational profitability for Swiggy’s fast delivery unit could be a long haul, analyst Karan Taurani wrote in the note.