The company’s quick commerce business has posted a Rs 908 crore loss in the recently concluded quarter
On account of losses from the quick commerce segment and rising advertising and sales expenditure, the consolidated loss of Swiggy has widened to Rs 1,065 crore in the third quarter of the current financial year as compared to Rs 799 crore loss in Q3FY25.
The financial results of the company revealed that the revenue of the food delivery and quick commerce company grew to Rs 6,148 crore in Q3FY26 from Rs 3,993 crore in Q3FY25. The losses in the nine months of the current financial year (9MFY26) widened to Rs 3,354 crore from Rs 2,036 crore in 9MFY25. The company’s expenditure on advertising and sales promotion rose to Rs 1,108 crore from Rs 751 crore during the quarter on the year-on-year basis.
Swiggy’s food delivery business Gross Order Value (GOV) growth accelerated to 20.5 per cent year-on-year (YoY), to Rs 8,959 crore. Food delivery monthly transacting users (MTUs) grew 22 per cent YoY to reach 18.1 million. Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) margin improved to 3 per cent of GOV.
“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,” stated Sriharsha Majety, Managing Director (MD) and Group Chief Executive Officer (CEO), Swiggy.
Instamart GOV grew by 103 per cent YoY, clocking Rs 7,938 crore. 34 darkstores were added selectively to take the overall network to 1,136 darkstores, covering 4.8 million square feet across 131 cities. Average order value increased by 39.7 per cent YoY to reach Rs 746, led by continued traction across Maxxsaver, the company’s basket-building proposition and expansion of non-grocery selection.
Contribution margin improved to -2.5 per cent, on the back of expanded basket-sizes, optimisation of customer incentives and operating leverage. Overall, quick commerce posted a Rs 908 crore loss for the quarter and adjusted Ebitda margin further improved to -11.4 per cent from -12.1 per cent in Q2.
