India, Aug. 1 -- Shares of Swiggy slumped as much as 4.2% to INR 386.25 during the early trading hours on the BSE today after the company posted results for the June quarter (Q1 FY26).

At 1:20 PM, the shares pared some losses to trade 2% lower at INR 395.75, and the market capitalisation stood at INR 98,686.08 Cr (around $11.2 Bn) at this point. As many as 25 Lakh shares changed hands by then.

Swiggy's net losses nearly doubled year on year (YoY) to INR 1,197 Cr, driven by aggressive quick commerce expansion, while the company's operating revenue surged 54% YoY to INR 4,961 Cr.

Instamart remained Swiggy's biggest growth engine and cash burner. Its operating revenue from the quick commerce arm jumped 115% to INR 806 Cr, while net loss a...