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Swiggy Instamart

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Swiggy near Rs 177: Has a 59% share-price decline made Instamart’s losses worth the risk?

Swiggy Limited shares have fallen 59% from their 52-week high as Instamart's expansion continues to weigh on consolidated profitability. With food delivery generating record adjusted EBITDA, quick commerce losing ₹895 crore in the September quarter and management targeting a much larger business before breakeven, investors face a fundamental question about how much of the expected recovery is already reflected in the company's valuation.