Founded in 2014, Swiggy Ltd is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹6,148 cr, +54% YoY vs ₹3,993 cr, +10.6% QoQ vs ₹5,561 cr; food delivery ₹2,041 cr (+25% YoY), quick commerce (Instamart) ₹1,016 cr (+76% YoY), supply chain ₹2,981 cr (+76% YoY), out-of-home ₹103 cr (+56% YoY).
- EBITDA: −₹782 cr loss (−12.7% margin), widened vs −₹725 cr YoY loss; operating costs, dark store expansion, incentives pressured margins despite revenue scale.
- PAT: −₹1,065 cr loss (−17.3% margin), widened 33% YoY vs −₹799 cr loss, narrowed 2.5% QoQ vs −₹1,092 cr; 9M loss −₹3,354 cr vs −₹2,036 cr YoY.
- Other key metrics: 9M revenue ₹16,670 cr (+54% YoY); food delivery segment profit ₹282 cr (+46% YoY); proforma cash ₹15,900 cr; restaurant-facing EBITDA ₹280 cr.
Management Commentary & Strategic Decisions
- Revenue growth fires across segments led by quick commerce/supply chain; profitability challenge persists from investments, but food delivery profitable.
- Strategic moves: Dark store expansion, customer acquisition; timeline to profitability focus amid strong traction.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹5,561 cr, +54% YoY vs ₹3,601 cr, +12% QoQ vs ₹4,961 cr; food delivery +19% YoY, quick commerce 2x YoY.
- EBITDA: −₹740 cr (−14.4% margin), widened vs −₹472 cr YoY; OPM −14.4%.
- PAT: −₹1,092 cr (−19.6% margin), +74% YoY vs −₹626 cr loss (widened YoY); QIP approved ₹10,000 cr, Rapido sale gain ₹1,350 cr.
- Other key metrics: Expenses +53% YoY to ₹6,360 cr; H1 growth strong despite losses.
Management Commentary Q2
- Revenue surge showcases market strength; cost management progress needed.
- Strategic moves: QIP for liquidity, investment sales; efficiency focus.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.