Swiggy Q1 Results: Net Loss Narrows To ₹791 Crore; Revenue Rises 37% On Quick Commerce Growth

Swiggy Q1 Results: Leading food delivery and quick-commerce platform Swiggy reported its Q1 FY27 results on Thursday, July 30, 2026 post market hours. The Bengaluru-based company a consolidated net loss of ₹791 crore for the April-June quarter, compared with ₹1,197 crore in the corresponding period last year. On a sequential basis, the loss also narrowed from ₹800 crore reported in the March quarter.

Revenue from operations increased 37.3% year-on-year to ₹6,812 crore, up from ₹4,961 crore in the year-ago period.

At the operating level, EBITDA loss narrowed to ₹650 crore from ₹954 crore in the corresponding quarter last year, reflecting an improvement in operating performance as the company continued to scale its businesses.

Swiggy Instamart drives growth

Swiggy's quick commerce business, operated under Instamart, remained the key growth driver during the quarter.

Gross order value (GOV) increased 39.8% year-on-year to ₹7,907 crore, while the segment's contribution margin improved by 440 basis points over the year to -0.2%.

Adjusted EBITDA losses in the business reduced by ₹80 crore on a sequential basis, reflecting continued progress towards profitability as scale improved.

Food Delivery Business

The company's food delivery business reported a 17.4% year-on-year increase in gross order value (GOV) to ₹9,490 crore.

Adjusted EBITDA for the segment improved by ₹100 crore from a year earlier to ₹292 crore, supported by better operating efficiency and sustained demand.

Swiggy also continued expanding its presence in adjacent businesses. Its budget food delivery service, Toing, expanded to 50 cities during the quarter, with the company stating that a majority of new users on the platform were first-time customers in the category.

The out-of-home (OOH) business also recorded strong growth, with GOV increasing 44.8% year-on-year and adjusted EBITDA margin improving to 0.9% of GOV.

Management Outlook

Managing Director and Group CEO Sriharsha Majety said the company's food delivery business continued to improve its unit economics through innovations aimed at making the platform more affordable and expanding its customer base.

He added that Instamart achieved contribution-level break-even during the quarter, in line with the company's earlier guidance. Going forward, Swiggy expects differentiated product assortment and operating efficiencies to support the next phase of growth and further improvement in profitability.

Swiggy Share Price

Swiggy shares settled 2.98% higher at ₹295.91 apiece on the NSE ahead of the company's June-quarter earnings announcement.

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