Swiggy's Q2 FY 2025-26 Quarterly Results
- 06 Jan 2026
Result Summary
- Swiggy Ltd reported a 11.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 52.5%.
- Its expenses for the quarter were up by 7.5% QoQ and 55.7% YoY.
- The net profit decreased 8.8% QoQ and increased 74.6% YoY.
- The earnings per share (EPS) of Swiggy Ltd declined at 4.59 during Q2 FY 2025-26.
Financial Statments for Q2 FY 2025-26
Total Income | 5620.00 | 5048.00 | 3686.26 | 11.3% | 52.5% |
Total Expenses | 6711.00 | 6244.00 | 4309.55 | 7.5% | 55.7% |
Profit Before Tax | -1091.00 | -1196.00 | -625.40 | -8.8% | 74.4% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -1092.00 | -1197.00 | -625.53 | -8.8% | 74.6% |
Earnings Per Share | -4.59 | -5.04 | -2.80 | -8.9% | 63.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Swiggy Ltd is a leading player in the online food delivery industry, primarily operating within India. The company facilitates a platform where customers can order food from various restaurants, which is then delivered to their doorsteps. In recent years, Swiggy has expanded its services to include grocery deliveries and other local services, enhancing its presence in the e-commerce sector. The company continues to innovate its service offerings to cater to a broad user base, leveraging technology to improve user experience and operational efficiency. As of now, there are no publicly available major developments or strategic shifts announced by Swiggy Ltd in the recent quarter.
Revenue
In the second quarter of the fiscal year 2026 (Q2FY26), Swiggy Ltd reported a total income of ₹5620.00 crores, which represents an 11.3% increase from the previous quarter (Q1FY26) where the total income was ₹5048.00 crores. This also signifies a significant year-over-year growth of 52.5% from Q2FY25, where the total income stood at ₹3686.26 crores. The substantial growth in revenue indicates the company's ability to leverage its platform to attract more customers and possibly expand its market share amidst a competitive industry landscape. The growth in revenue from both QoQ and YoY perspectives underscores the company's robust operational capabilities in scaling its service offerings.
Profitability
Swiggy Ltd's profitability metrics highlight challenges faced during Q2FY26. The company reported a loss before tax of ₹1091.00 crores, which shows a slight improvement of 8.8% when compared to the previous quarter's loss of ₹1196.00 crores in Q1FY26. However, on a year-over-year basis, the loss before tax increased by 74.4% from Q2FY25, when the loss was ₹625.40 crores. The profit after tax mirrored these trends, with a reported loss of ₹1092.00 crores for Q2FY26, reflecting an 8.8% improvement QoQ and a 74.6% increase YoY. The earnings per share (EPS) for Q2FY26 stood at a negative ₹4.59, improving from a negative ₹5.04 in Q1FY26 but declining from a negative ₹2.80 in Q2FY25. These figures highlight the company's ongoing efforts to manage costs and improve profitability amidst expanding operations.
Operating Metrics
Swiggy Ltd's operating metrics during Q2FY26 reveal a continued focus on scaling its business operations despite financial challenges. Total expenses for the quarter amounted to ₹6711.00 crores, marking a 7.5% increase from ₹6244.00 crores in Q1FY26 and a 55.7% rise from ₹4309.55 crores in Q2FY25. The increase in expenses aligns with the revenue growth, suggesting investments in operational capabilities, technology, and service expansion. The absence of tax expenses indicates that Swiggy Ltd's financial structure or strategic decisions might be oriented towards reinvestment into business operations rather than tax liabilities. Overall, while the company has shown revenue growth, managing the balance between rising expenses and profitability remains a key operational focus.