Swiggy Ltd, the Indian food delivery giant, is shifting its strategy towards sustainable growth and profitability for its quick-commerce service, Instamart. In a recent shareholders' letter, CEO Sriharsha Majety highlighted a 53% year-on-year increase in Instamart's revenue, reaching ₹1,057 crore, while losses were reduced by 4.5% to ₹736 crore. Despite a marginal decline in gross order value to ₹7,881 crore, the company sees a ₹1 trillion market opportunity in quick commerce. Majety emphasized that Swiggy will not pursue aggressive growth tactics, focusing instead on achieving breakeven in contribution margin by the first quarter of FY27. This approach has raised concerns among analysts, with some downgrading the stock due to expected deceleration in growth. Meanwhile, Swiggy's food delivery segment thrived, reporting a 22.5% increase in gross order value to ₹9,005 crore, marking a 15-quarter high. Overall, Swiggy's revenue from operations surged by 51% to ₹23,053 crore for FY26, although losses grew by 33% to ₹4,154 crore.