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.
Q2 FY26 Earnings Results:
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Revenue from Operations: ₹5,561 crore, up 54.4% YoY from ₹3,601 crore, 12% QoQ growth.
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Consolidated Net Loss: ₹1,092 crore (wider by 74% YoY from ₹626 crore in Q2 FY25), but narrower than ₹1,197 crore in Q1 FY26.
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Gross Order Value (GOV): ₹16,683 crore (+47.6% YoY); Food delivery GOV grew 18.8% YoY to ₹8,542 crore; Instamart GOV surged 107.6% YoY to ₹7,022 crore.
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Adjusted EBITDA Loss reduced to ₹695 crore (from ₹813 crore in Q1 FY26); margin improved to -12.1%.
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Total expenses: ₹6,711 crore, up 56% YoY.
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Platform average monthly transacting users (MTUs): 22.9 million, up 34% YoY.
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Food delivery revenue: ₹2,206 crore, up 22% YoY.
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Instamart dark stores: 1,102 across 128 cities.
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Initiatives launched: ‘Toing,’ expanded ‘DeskEats’; board to consider ₹10,000 crore fundraising via QIP.
Management Commentary & Strategic Insights:
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CEO Sriharsha Majety highlighted steady growth in food delivery and quick commerce, despite consumption volatility and higher costs.
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Food delivery maintained robust order expansion, aided by innovations, curation and nearly a million new transacting users.
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Instamart’s quick commerce continues aggressive expansion, with industry-leading order frequency and SKU selection.
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Swiggy is working on margin improvement, scaling new revenue streams, and investing in technology and customer experience.
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The company is reorganizing quick commerce operations and preparing for capital expansion.
Q1 FY26 Earnings Results:
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Revenue from Operations: ₹4,961 crore, up 54% YoY from ₹3,222 crore.
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Net Loss: ₹1,197 crore (up 96% YoY from ₹611 crore in Q1 FY25).
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Food delivery revenue: ₹1,800 crore (+19% YoY); quick commerce revenue: ₹806 crore (2x YoY).
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Scootsy Logistics contributed 46% to revenue, with income up 78% YoY.
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Delivery charges, employee benefits, advertising, and procurement costs all rose (total expenses up 60% to ₹6,244 crore).
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Platform reshuffled board positions and expanded dark store footprint to support future growth.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.