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

Wait 5 sec.

Elara Capital predicts Instamart, Swiggy's quick commerce arm, will achieve a contribution margin break-even by early fiscal year 2027, driven by increased average order values and new features. Despite progress in contribution margins, profitability may take longer due to high fixed costs and intense competition, with adjusted EBITDA losses expected to decrease significantly by fiscal year 2028.