Swiggy Q1 Results: Net loss narrows to ₹791 crore, revenue climbs 37%; Instamart GOV grows 40%

Its revenue from operations surged 37.31% to ₹6,812 crore in the three months ended June 2026 as against ₹4,961 crore in the same period of the previous fiscal year.

On the operational level, the company's EBITDA loss stood at ₹650 crore, reflecting a decline of 31.87% from ₹954 crore in Q1 FY26.

In a regulatory filing, the Bengaluru-based company said that the gross order value (GOV) of its food delivery business grew 17.4% to ₹9,490 crore. Its adjusted EBITDA increased ₹100 crore year-on-year to reach ₹292 crore.

Instamart GOV surged 39.8% YoY to ₹7,907 crore. Its contribution margin improved 440 bps YoY to -0.2%, with adjusted EBITDA losses down by ₹80 crore quarter-on-quarter.

Toing (Standalone budget food delivery) expanded to 50 cities, with two out of three new users on the platform being new category users. Out of Home (OOH) GOV swelled 44.8% YoY (+22.8% QoQ), and adjusted EBITDA margin improved to 0.9% of GOV.

"Food delivery economics continue to strengthen as we innovate across affordability and consumer propositions to broaden adoption and unlock the next 100 million users in the category. Out-of-home consumption remains a profitable, fast-growing part of our business, making meaningful progress. In quick commerce, we delivered contribution breakeven exactly as we guided a year ago – a milestone that marks a real inflection point for the business," said Sriharsha Majety, MD & Group CEO, Swiggy.

"As base-level assortment in quick commerce becomes increasingly commoditised, we believe our differentiated assortment strategy will be the engine for our next phase of growth, with further EBITDA improvement driven by scale-led efficiencies," he added.

Shares of Swiggy settled 2.98% higher at ₹295.91 apiece on the NSE.