The revenue from operations has increased to Rs 4,961 crore in the recently concluded quarter from Rs 3,222 crore in Q1FY25
As expenses increased heavily, Swiggy has posted a net loss of Rs 1,197 crore in the first quarter of the current financial year (Q1FY26). The company’s net loss stood at Rs 611 crore in the same period a year ago.
The financial results of the company revealed that the revenue from operations rose to Rs 4,961 crore in the recently concluded quarter from Rs 3,222 crore in Q1FY25. The total expenses of Swiggy rose to Rs 6,244 crore in Q1FY26 from Rs 3,908 crore in the corresponding period of the previous fiscal (Q1FY25).
“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,” stated Sriharsha Majety, Managing Director and Group Chief Executive Officer (CEO), Swiggy.
Swiggy’s food delivery business Gross Order Value (GOV) continues to grow in line with guidance at a healthy 18.8 per cent YoY, to Rs 8,086 crore. Food delivery monthly transacting users (MTUs) rose by more than 1.2 million quarter-on-quarter (QoQ), delivering a 16 per cent YoY growth.
Seasonal investments into delivery partner availability during rains, bunched with the regular annual appraisal cycle in Q1, kept the adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) margin at 2.4 per cent; a seasonal impact which will normalise as the year progresses, the company said in a regulatory filing.
Instamart accelerated its GOV growth to 108 per cent YoY (21.1 per cent QoQ), clocking Rs 5,655 crore. About 41 dark stores were added selectively to take the overall network to 1,062 darkstores, covering 4.3 million square feet across 127 cities. Average order value increased by 25.6 per cent YoY to Rs 612, the company added.
