Swiggy on Friday reported a narrower consolidated loss for the fourth quarter of FY26, supported by strong growth in its food delivery and quick commerce businesses. The company posted a net loss of Rs 800 crore for the January-March quarter, improving from Rs 1,081 crore in the year-ago period and Rs 1,065 crore reported in the December quarter.
Revenue from operations rose 44.73 per cent year-on-year to Rs 6,383 crore during the quarter, compared with Rs 4,410 crore in the corresponding period last year, aided by continued momentum in food delivery and quick commerce arm Instamart.
Average monthly transacting users increased 27.2 per cent year-on-year to 25.2 million, while consolidated adjusted Ebitda loss improved sequentially by Rs 60 crore to Rs 652 crore.
Food Delivery Business Records Strongest Growth
Swiggy said its food delivery segment recorded a 15-quarter high growth in gross order value (GOV), which increased 22.6 per cent year-on-year, ahead of the company’s guidance range of 18-20 per cent.
Adjusted Ebitda for the segment climbed 39.8 per cent year-on-year to Rs 297 crore, taking the annual adjusted Ebitda beyond Rs 1,000 crore. The company attributed the growth to disciplined execution and continued focus on its “selection-speed-affordability” strategy.
“While this acceleration is definitely exciting, we are particularly pleased to see this being driven by a sharper increase in order and user volumes as opposed to AOVs,” Swiggy said in its letter to shareholders.
Food delivery monthly transacting users grew 21 per cent year-on-year to 18.3 million, while adjusted Ebitda margin improved to 3.3 per cent of GOV.
Sriharsha Majety, Co-founder of Swiggy said the performance counters concerns around a slowdown in the sector and comes alongside significantly improved margins compared to a year ago.
Instamart GOV Rises 69%
Swiggy’s quick commerce business Instamart reported a 68.8 per cent rise in GOV to Rs 7,881 crore during the quarter. The segment’s adjusted Ebitda loss stood at Rs 858 crore.
The company added seven dark stores during the quarter, taking the total network to 1,143 stores across 129 cities, covering 4.8 million square feet.
Average order value rose 32.8 per cent year-on-year to Rs 700, supported by growth in non-grocery orders and larger basket sizes, reflecting deeper customer engagement, the company said. Adjusted Ebitda margin for the segment improved to negative 10.9 per cent from negative 11.4 per cent in the previous quarter.
“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,” Majety added.
Swiggy also said its Out-of-Home Consumption business delivered its first full year of profitability, reporting 43 per cent year-on-year GOV growth and adjusted Ebitda margins of 0.8 per cent of GOV. |
