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Swiggy Slashes Net Loss by 26% in March Quarter
8 May
Summary
- Swiggy's net loss reduced by ₹281 crore in the March quarter.
- Revenue saw a significant increase of nearly 45% year-over-year.
- Total expenses rose to ₹7,448 crore from ₹5,610 crore.
- The reported period is the March quarter of FY26.
Food delivery and quick commerce company Swiggy announced a substantial financial improvement for the March quarter of FY26. The company successfully narrowed its consolidated net loss to ₹800 crore. This marks a significant reduction from the ₹1,081 crore loss recorded in the corresponding quarter of the previous fiscal year. The financial gains were bolstered by a strong revenue performance.
Swiggy's revenue for the January-March period of FY26 climbed nearly 45 percent, reaching ₹6,383 crore. This figure is substantially higher than the ₹4,410 crore reported a year ago. Despite this revenue growth, the company's total expenses also saw an increase, escalating to ₹7,448 crore during the quarter, up from ₹5,610 crore in the prior year's comparable period.
