Swiggy's shares experienced a significant decline of 6.9% on the Bombay Stock Exchange (BSE) after the company reported its Q4FY26 financial results, revealing a narrowed net loss of ₹800 crore, compared to ₹1,081 crore in the same quarter last year. The company's total revenues for the quarter rose to ₹6,383 crore, up from ₹4,410 crore year-on-year, indicating robust growth in its food delivery segment. However, the quick commerce arm, Instamart, faced challenges, prompting brokerages to adjust their target prices. For instance, Nomura cut its target to ₹473 from ₹546, citing lower growth expectations in gross order value. Emkay Global and Motilal Oswal also revised their targets, reflecting concerns over competitive pressures and profitability timelines. Analysts noted that while Swiggy's food delivery business showed strong traction with a 22% year-on-year growth in gross order value, the quick commerce sector's performance was weaker than anticipated, with a 0.7% decline in growth. The management aims for a contribution margin breakeven in Q1FY27, but the competitive landscape remains a significant risk for future profitability.