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AI generated image : Swiggy Instamart inventory model

On Instamart's proposed transition from a marketplace to an inventory-led business, Swiggy's management said during its Q1 FY26 earnings call that the move could improve adjusted EBITDA margins by 50–70 basis points. JM Financial said an inventory-led model could enable Instamart to source products directly from brands and manufacturers, improve procurement terms, expand private-label offerings and exclusive SKUs, and enhance inventory management, which could help improve margins over time.

BY Bhupendra Paintola

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