📰 ET Markets 🔴 BEARISH 🕒 23 Oct 2026, 11:19 AM IST

Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart

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Market & Financial Impact: Swiggy shares plunged on Friday, wiping out around ₹9,000 crore in market value as widening Instamart losses overshadowed food delivery growth. Following Q2 results, brokerages cut their price targets, citing deteriorating quick-commerce profitability. Instamart’s adjusted EBITDA loss widened to ₹895 crore from ₹778 crore, while its contribution margin deteriorated to -1.4% despite 13.4% sequential growth in net order value.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

Swiggy shares plunged on Friday, wiping out around ₹9,000 crore in market value.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart

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