What was Swiggy's revenue in Q3FY26?

Swiggy's revenue in Q3FY26 was Rs 6,148 crore, marking a 54% increase year-on-year.

Why did Swiggy's net losses widen in Q3FY26?

Swiggy's net losses widened to Rs 1,065 crore in Q3FY26 due to heavy investments in its Instamart quick commerce business and competitive pressures.

What is Swiggy's current cash balance?

Swiggy ended Q3FY26 with a cash balance of Rs 13,512 crore, and its pro forma cash position is approximately Rs 15,900 crore after a recent stake sale.

Home / Business and Economy / Swiggy's Losses Widen Despite Revenue Surge

Swiggy's Losses Widen Despite Revenue Surge

30 Jan

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Summary

Revenue surged 54% year-on-year to Rs 6,148 crore in Q3FY26.
Net losses widened to Rs 1,065 crore due to Instamart investments.
Company ended the quarter with Rs 13,512 crore cash balance.

Swiggy's Losses Widen Despite Revenue Surge

In the third quarter of fiscal year 2026, Swiggy announced revenue figures that exceeded estimates, reaching Rs 6,148 crore, a 54% increase year-on-year. This growth was fueled by significant expansion in its food delivery services and continued momentum in quick commerce. Despite the revenue upswing, the company's consolidated net loss expanded to Rs 1,065 crore, surpassing projections. This widening loss is attributed to substantial investments made in the Instamart quick commerce division, alongside competitive market pressures.

The company's food delivery segment experienced its most robust growth in three years, with gross order value increasing by 20.5% year-on-year. This segment also achieved an adjusted EBITDA of Rs 272 crore, indicating improved profitability. Conversely, Swiggy's quick commerce arm, Instamart, continued to show rapid expansion in gross order value, exceeding 100% year-on-year growth for the fourth consecutive quarter. However, this segment remained a significant contributor to the overall losses.