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India's Swiggy Reports Wider Quarterly Loss on Marketing Cost Spike

INDIA, JUL 31 – Swiggy's losses nearly doubled to Rs 1,197 crore in Q1 FY26 driven by heavy spending on Instamart and marketing amid rising competition, despite 54% revenue growth, company data shows.

Swiggy's quarterly loss nearly doubled from a year earlier as the Indian online delivery platform spent more on marketing to attract customers in a highly-competitive market, its results showed on Thursday. Swiggy, a decade-old player and one of the market leaders in the food delivery business alongside Etern

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Channel News Asia broke the news in Singapore on Thursday, July 31, 2025.
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