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Swiggy Results: Latest Quarterly Results & Analysis

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Swiggy Ltd. 08 May 2026 16:50 PM
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Q4FY26 & FY26 Result Announced for Swiggy Ltd.

Internet & Catalogue Retail company Swiggy announced Q4FY26 & FY26 results

Consolidated Financial Highlights

  • Total Income (Q4FY26): Stood at Rs 6,649 crore, representing a significant growth of 46.74% YoY compared to Rs 4,531 crore in Q4FY25 and an increase of 6.49% QoQ from Rs 6,244 crore in Q3FY26.
  • Revenue from Operations (Q4FY26): Increased to Rs 6,383 crore, up 44.74% YoY from Rs 4,410 crore and 3.82% QoQ from Rs 6,148 crore.
  • Net Loss (Q4FY26): Narrowed to Rs 800 crore from a loss of Rs 1,081 crore in Q4FY25 and a loss of Rs 1,065 crore in Q3FY26.
  • Annual Performance (FY26): Consolidated total income for the full year reached Rs 23,561 crore, up 50.81% YoY from Rs 15,623 crore in FY25.
  • Annual Revenue (FY26): Revenue from operations for the full year was Rs 23,053 crore, a growth of 51.40% YoY compared to Rs 15,227 crore in FY25.
  • Annual Net Loss (FY26): Widened to Rs 4,154 crore for the full year, compared to a loss of Rs 3,117 crore in FY25.

Standalone Financial Highlights

  • Total Income (Q4FY26): Stood at Rs 2,495 crore, up 34.14% YoY from Rs 1,860 crore in Q4FY25 and 10.35% QoQ from Rs 2,261 crore in Q3FY26.
  • Revenue from Operations (Q4FY26): Reported at Rs 2,194 crore, reflecting a growth of 28.23% YoY from Rs 1,711 crore and a slight increase of 1.90% QoQ from Rs 2,153 crore.
  • Net Loss (Q4FY26): Stood at Rs 652 crore, narrowing from a loss of Rs 927 crore in Q4FY25 and a loss of Rs 896 crore in Q3FY26.
  • Annual Performance (FY26): Standalone total income for the full year was Rs 8,887 crore, up 22.33% YoY compared to Rs 7,265 crore in FY25.
  • Annual Revenue (FY26): Revenue from operations for the full year grew by 23.86% to Rs 8,258 crore from Rs 6,667 crore in FY25.

Business Highlights

  • Food Delivery Business: Achievement of a 15-quarter high with Gross Order Value (GOV) growth of 22.6% YoY, reaching Rs 9,005 crore in Q4FY26. Adjusted EBITDA for this segment reached Rs 297 crore in the quarter.
  • Quick Commerce (Instamart): GOV grew 68.8% YoY to reach Rs 7,881 crore in Q4FY26. The network expanded to 1,143 stores across 129 cities. Average order value (AOV) increased 32.8% YoY to Rs 700.
  • Out-of-Home Consumption (OOH): Delivered its first full year of profitability in FY26, with 43% YoY GOV growth and Adjusted EBITDA margins at 0.8% of GOV.
  • Platform Metrics: Platform Monthly Transacting Users (MTUs) grew 27.2% YoY to 25.2 million. Annual Transacting Users reached 8.4 million, representing a 24% YoY growth.
  • InstaHelp Performance: Delivered 2.7 million orders and Rs 40 crore in NTV during Q4FY26, up from Rs 28 crore NTV in Q3FY26.
  • International Markets: UAE and Singapore operations saw NTV growth of 84% YoY in Q4FY26.
  • Segment-wise Performance (FY26 Revenue and Result):
    • Food Delivery: Revenue of Rs 7,832 crore and segment profit of Rs 1,041 crore.
    • Quick Commerce: Revenue of Rs 3,859 crore and segment loss of Rs 3,063 crore.
    • Supply Chain and Distribution: Revenue of Rs 10,935 crore and segment loss of Rs 77 crore.
    • Out of Home Consumption: Revenue of Rs 375 crore and segment profit of Rs 29 crore.
    • Platform Innovations: Revenue of Rs 52 crore and segment loss of Rs 195 crore.

Sriharsha Majety, MD & Group CEO, Swiggy. said : "Food delivery has grown at its strongest pace in nearly four years, crossing Rs 1,000 crore in annual adjusted EBITDA and defying scepticism around a sector slowdown, with meaningfully better margins than a year ago. Out of home continues to be a profitable and growing part of the business,"

"In quick commerce, the next phase will be defined by anticipating consumer needs, not merely fulfilling them. Unit economics continue to improve quarter on quarter, and we remain on track for contribution margin breakeven in line with our guidance. The strong balance sheet gives us room to be disciplined and deliberate as we enter FY27."

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Internet & Catalogue Retail company Swiggy announced Q3FY26 results

  • Revenue: Rs 6,148 crore against Rs 3,993 crore during Q3FY25, change 54%.
  • PAT: Rs -1,065 crore against Rs -799 crore during Q3FY25, change -33%.
  • EPS: -4.36 for Q3FY26.

Sriharsha Majety, MD & Group CEO, Swiggy, said: "Swiggy continues to accelerate user growth and gross order value in food delivery, defying broader scepticism around a sector slowdown while significantly improving our operating margins. In quick commerce, where we believe we are only a quarter of the way through the opportunity, we are deepening wallet penetration and expanding differentiated assortment across categories to strengthen engagement and order value. Our confidence in the roadmap is reinforced by the successful qualified institutional placement and the long-term capital it brings, which strengthens our balance sheet and supports sustained investment in growth and innovation. With robust cash reserves backing our strategic priorities, our long-term approach emphasizes disciplined fiscal prudence and a distinctive product offering to drive sustained momentum toward contribution margin breakeven."

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Internet & Catalogue Retail company Swiggy announced Q2FY26 results

Financial Highlights:

  • Food delivery GOV grew 18.8% YoY; Adjusted EBITDA up 2.1x YoY to Rs 240 crore
  • Swiggy Platform Gross Order Value rose ~48% YoY to clock Rs 16,683 crore
  • Consolidated Adjusted EBITDA loss improved by Rs 118 crore QoQ, to a loss of Rs 695 crore
  • Instamart GOV growth rose to 108% YoY and 24% QoQ led by a 40% YoY jump on AOV, Contribution margins improved by ~200 bps QoQ to -2.6%, while Adjusted EBITDA loss shrunk to Rs 849 crore
  • Out of Home Consumption segment continued profitable trajectory with 52% YoY GOV growth, and Adjusted EBITDA margins stood at 0.5% of GOV
  • Platform’s Average MTU increased 34% YoY to reach 22.9 million; with 36% of all users utilizing more than one service on the platform
  • Overall, Quick Commerce posted a Rs 849 crore loss for the quarter, and Adjusted EBITDA margin improved to -12.1% from -15.8% in Q1.

Sriharsha Majety, MD & Group CEO, Swiggy, said “Swiggy’s Food delivery business delivered another quarter of robust growth and improved profitability, with the double digit YoY order growth at the highest in 2 years. This was led by acceleration in user-growth on the back of new propositions like Bolt, 99-Store, Deskeats and Health-focused curations; all aimed at covering the entire breadth of user expectations. Instamart made giant strides in catering to all purchase-missions through Maxxsaver (grocery) and Quick India movement (non-grocery), driving up AOV 40% YoY. A ~200 bps QoQ Contribution margin improvement showcases our commitment to drive scale-led, sustainable and profitable growth in Quick-commerce, led by best-in-class speed and selection."

Result PDF

Internet & Catalogue Retail company Swiggy announced Q1FY26 results

  • Platform Gross Order Value (B2C GOV) rose ~45% YoY to clock Rs 14,797 crore; Consolidated Adjusted EBITDA loss increased to Rs 813 crore.
  • Food delivery GOV grew 18.8% YoY; Adjusted EBITDA margin contracted to 2.4% of GOV, led by seasonal investments into delivery partner availability and impact of annual appraisals.
  • Instamart GOV growth rose to 108% YoY and 21% QoQ led by a 16% jump on AOV, Contribution margins improved by ~100 bps QoQ to -4.6%, while Adjusted EBITDA margin improved to -15.8%.
  • Out of Home Consumption segment continued profitable trajectory with 61% YoY GOV growth, and Adjusted EBITDA margins rising to 0.5% of GOV.
  • Platform’s Average MTU increased 35% YoY to reach 21.6 million; with 35% of all users utilizing more than one service on the platform.

Sriharsha Majety, MD & Group CEO, Swiggy, said: “Swiggy’s Food delivery business continues to deliver robust growth, while innovating to create new customer propositions which can open up the market further. Bolt and 99-store are efforts to ensure that we keep challenging the status quo, and help our restaurant partners garner new users and incremental consumption. Instamart witnessed a massive leap in AOV led by assortment expansion and Maxxsaver adoption. Focus has been on agile and calibrated network expansion; and improving wallet-share by increasing basket-size which is one of the prime determinants of long-term profitability. We have moved past the Mar-25 peak of losses in Quick-commerce, but amidst significant competition we will modulate investments to ensure that we drive the business towards scale-led profitability."

Result PDF

Internet & Catalogue Retail company Swiggy announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Platform Gross Order Value (B2C GOV) rose ~40% YoY to clock Rs 12,888 crore; Consolidated Adjusted EBITDA loss increased to Rs 732 crore due to significant growth investments in Quick-commerce
  • Food delivery GOV grew 17.6% YoY; Adjusted EBITDA margins improved further to 2.9% of GOV, up from 0.5% a year ago
  • Instamart GOV growth rose to 101% YoY; Added 316 darkstores (greater than number of darkstores cumulatively added over last 8 quarters) and expanded service to 124 cities
  • Out of Home Consumption segment turned profitable with 42% YoY GOV growth, and Adjusted EBITDA margins rising to 0.3% of GOV
  • Platform’s Average MTU increased 35% YoY to reach 19.8 million; with 35% of all users utilizing more than one service on the platform

FY25 Financial Highlights:

  • Revenue from operations for FY25 stood at Rs 15,622.9 crore compared to Rs 11,634.3 crore for FY24
  • PBT for FY25 stood at Rs -3,116.8 crore compared to Rs -2,350.2 for FY24
  • PAT for FY25 stood at Rs -2,350.2 crore compared to Rs -2,255.9 for FY24

Sriharsha Majety, MD & Group CEO, Swiggy, said “FY25 was a year of many firsts for Swiggy. We launched multiple new apps, across Instamart, Snacc and recently, Pyng; all of which are aimed at opening up new user-segments and markets. Our Food delivery engine delivered best-ever results across innovation and execution, driving category-leading growth and rising profitability in lockstep. Quick-commerce is in a phase of rapid expansion and heightened competitive intensity, for which we have ramped-up investments aimed at market expansion (Megapods), reach (1000 stores across 124 cities) and differentiation (Maxxsaver). Our Out of Home Consumption business turned profitable in Q4, within just 2 years of its integration. Overall, we remain focused on growth, on the back of delivering unparalleled convenience to consumers.”

Result PDF

Internet & Catalogue Retail company Swiggy announced Q3FY25 results

  • Swiggy’s Food Delivery business Gross Order Value (GOV) grew 19.2% YoY to Rs 7,436 crore.
  • Adjusted EBITDA grew 63.7% QoQ to Rs 184 crore, delivering a 2.5% margin, up from 0.3% a year ago.
  • Swiggy Instamart reported an 88% YoY (15.5% QoQ) rise in GOV to Rs 3,907 crore.
  • Average order value increased by 14% YoY to Rs 534 driven by greater selection and increased consumer salience.

Sriharsha Majety, MD & Group CEO, Swiggy, said: “We continued our focus on creating segmented oerings for the consumer during the festive quarter, which we believe will open up more consumption occasions. In recent months, we've introduced Bolt and Snacc (10-minute food delivery), expanded into new categories within Quick-Commerce, and plan to oer an even greater assortment. We've also launched Swiggy Scenes focused on restaurant event reservations; and introduced One BLCK, the premium tier of our Swiggy One subscription program. We delivered higher YoY growth across all 3 of our primary businesses during Q3, which accelerated B2C GOV growth to 38% YoY. The secular expansion in Food delivery margins and cashow generation is balanced by growth investments being made in Quick-commerce including darkstores expansion and marketing, amidst high competitive intensity in the near term. With this thrust, Instamart added another 86 stores in January 2025, and has grown MTUs to 9 million ( 2 million).”

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