Food delivery unicorn Swiggy is focusing on strengthening its position in India’s fast-growing quick commerce market and has a target to break even on the contribution margin between December and June next year, even as the ongoing sale event may hit profitability in the near term, according to a research note by JP Morgan .

Swiggy posted a contribution margin of -4.6% in the first quarter of FY26, improving by 97 basis points over the previous quarter. In a recent investor summit hosted by JP Morgan, Swiggy’s CFO Rahul Bothra said that the platform’s “Quick India Movement” sale event is designed to capture category growth, add new users, and cement consumer recall, even if it leads to near-term EBITDA burn.

He added that the company is working to increase wallet share in spend per u

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