Swiggy Q1 Results: Net loss widens 96% to ₹1,197 crore, revenue jumps 54%

Swiggy on Thursday, July 31, reported a consolidated net loss of ₹1,197 crore for the first quarter of the current financial year (Q1 FY26), up from ₹611 crore posted in the year-ago period. The company's net loss widened nearly 96% YoY.

In the previous quarter (Q4 FY25), the Bengaluru-based firm posted a net loss of ₹1,081 crore.

However, the food and grocery delivery major recorded a 53.9% jump in its revenue from operations to ₹4,961 crore during the June quarter against ₹3,222 crore in Q1 FY25.

Swiggy's adjusted EBITDA loss for the reporting quarter was at ₹813 crore, up 134% from ₹348 crore posted last year. In the previous quarter, the adjusted EBITDA loss was at ₹732 crore.

Total expenses of the company climbed 60% during the April-June quarter to ₹6,244 crore from ₹3,908 crore in the same quarter of the previous year. Its total expenses were at ₹5,609.6 crore in the March quarter.

Swiggy's average monthly transacting users (MTUs) stood at 21.6 million during the June quarter, up 35.2% YoY. Its revenue from the food delivery segment increased by 20% YoY to ₹1,800 crore in Q1 FY26, while its quick commerce revenue more than doubled to ₹806 crore.

Commenting on Q1 results, Swiggy's MD & Group CEO Sriharsha Majety said, “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."

"Focus has been on agile and calibrated network expansion, and improving wallet-share by increasing basket size, which is one of the prime determinants of long-term profitability. We have moved past the Mar-25 peak of losses in Quick-commerce, but amidst significant competition, we will modulate investments to ensure that we drive the business towards scale-led profitability," Majety added.

Swiggy shares

Shares of Swiggy ended 0.7% up at ₹403.95 apiece on the NSE on Thursday, July 31, after touching an intraday high of ₹407 per share. The stock opened at ₹400 per share.

The company's market capitalisation stands at ₹1,00,730.87 crore.

The food delivery major's scrip has declined by 2.24% in the last five days. Over the last one month, however, it has increased by 0.89%.

In the last six months, the stock has declined by 2.92%, while the year-to-date drop stands at 25.52%.

The stock touched its 52-week high of ₹617.30 apiece on the NSE on December 23, 2025, and it hit its 52-week low of ₹297 per share on May 13, 2025.