Did Swati Dalal resign from Abbott India?
Yes, Swiggy reported a consolidated net loss of approximately Rs 1,065 crore for the second quarter of the 2026 fiscal year. This financial figure was released as part of the company's mandatory quarterly disclosures following its public listing. The loss was primarily attributed to increased spending on customer acquisition for its quick-commerce vertical, "Instamart," and the expansion of its food delivery operations into tier-2 and tier-3 cities. While the company saw a robust increase in total revenue during the same period, the high costs associated with logistics, dark-store expansion, and aggressive marketing campaigns resulted in a net negative result for the quarter, highlighting the ongoing burn associated with scaling.
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