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Swiggy Q4 food delivery holds steady through LPG crisis fears while Instamart slows down sharply
Business
Published on 9 May 2026
Instamart’s order value and revenue both dipped
Swiggy says food delivery defied LPG crisis fears, with adjusted revenue up 23% year-on-year to ₹2,304 crore and sequential loss shrinking 24.9%. Profitability improved as margins edged higher and incentives were used more selectively. But quick commerce cooled: Instamart’s average order value fell to ₹700, with quarterly gross order value dropping—while Swiggy avoids chasing growth via aggressive pricing.
- Food delivery stayed steady despite LPG-linked restaurant disruptions
- Adjusted Q4 food revenue rose 23% to ₹2,304 crore
- Instamart order metrics weakened as Swiggy shuns irrational pricing
- Margins improved through operating leverage and tighter incentives
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42