Swiggy’s July-September quarter numbers paint a familiar picture of high growth shadowed by widening losses. The food and grocery delivery major reported a net loss of Rs 1,092 crore during the period, 74.4% higher year-on-year from Rs 626 crore, even as revenue surged 54% to Rs 5,561 crore. The company managed to narrow its loss sequentially by nearly 9% from the previous quarter’s Rs 1,197 crore, but Instamart’s expansion weighs heavily on margins. The net loss was higher than Bloomberg consensus estimate of Rs 917 crore.

Revenue growth, however, remained strong. At Rs 5,561 crore, it beat estimates of Rs 5,285 crore, on the back of sustained traction in both food delivery and quick commerce. Total expenses surged 56% year-on-year to Rs 6,711 crore. Adjusted Ebitda loss stood at Rs 695

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