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By Dalal Street Investment Journal (DSIJ)
Swiggy shares gained over 5% after the company appointed Nandita Sinha as CEO of Instamart following Amitesh Kumar Jha's resignation. The announcement came ahead of the company's Q1 FY27 earnings, while trading volumes surged well above the 30-day average.
Swiggy came into the spotlight on Tuesday after the company announced a key leadership change at its quick commerce business, Instamart. The development came just ahead of the company's June quarter earnings, lifting investor sentiment.
The stock gained more than 5% during the session. Trading activity also picked up. Around 32 million shares changed hands, well above the 30-day average volume of 18 million.
In an exchange filing dated July 28, 2026, the company said that Amitesh Kumar Jha has resigned as Chief Executive Officer of Instamart to pursue other opportunities.
The company has appointed Nandita Sinha as the new Chief Executive Officer of Instamart, effective August 3, 2026. She will also be classified as a senior management personnel from the same date.
Nandita Sinha joins Swiggy from Myntra, where she served as Chief Executive Officer. She brings more than 2 decades of experience across fashion, e-commerce
and the FMCG sector. During her career, she has held leadership roles at Myntra, Flipkart, Britannia and Hindustan Unilever, where she helped build and scale consumer businesses.
The leadership announcement comes at a time when investors are closely tracking Swiggy’s June quarter earnings. The board of directors are scheduled to meet on July 30, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026.
Market participants will watch for updates on the company's food delivery business, growth in Instamart and its path towards improving profitability.
The share price opened almost flat at ₹257.90 on Tuesday against the previous closing price of ₹257.98. Buying interest strengthened as the session progressed. The stock made an intraday high of ₹273. At this level, it was up around 5.8% compared with its previous close.
Despite today’s growth, the stock has delivered a weak performance over a longer period. It has declined by more than 30% in 2026 so far and is down over 35% over the past year.
Swiggy Ltd is a consumer-focused technology company that offers multiple convenience services through a single mobile application. Its business operates across four major segments, including food delivery, Instamart, Dineout and Scenes.
Launched in August 2020, Instamart is Swiggy's quick commerce platform. It delivers groceries and daily essentials through a dedicated delivery network and technology platform. The service is currently available in more than 131 cities across India and has emerged as one of the company's key growth businesses.
Source: Dalal Street Investment Journal (DSIJ), NSE, BSE
SEBI Registered Research Analyst (INH000006396).
Founded in 1986, Dalal Street Investment Journal (DSIJ) brings decades of experience in India’s equity markets. DSIJ's research combines fundamental analysis with price action, guided by disciplined risk management and capital preservation. They follow a structured, data-driven approach designed to help investors and traders make informed decisions beyond short-term market noise.
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