Did Swiggy's Losses Nearly Double in Q1 to Rs 1,197 Crore?
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Synopsis
Swiggy Limited has disclosed shocking financial results for Q1 FY26, reporting a net loss of Rs 1,197 crore, nearly double that of the previous year. Despite significant revenue growth, challenges in their Instamart division have deepened the company's financial strain. What does this mean for Swiggy's future?
Key Takeaways
- Swiggy's net loss: Rs 1,197 crore in Q1 FY26, nearly double YoY.
- Revenue growth: Operations revenue surged by 53.9% to Rs 4,961 crore.
- Instamart losses: EBIT losses jumped to Rs 797 crore.
- Food delivery segment: EBIT rose to Rs 202 crore.
- Stock performance: Shares up 0.7% but down 25% in 2025.
Mumbai, July 31 (NationPress) - Swiggy Limited, a prominent player in the food delivery and quick commerce sector, disclosed a staggering net loss of Rs 1,197 crore year-on-year (YoY) for the June quarter (Q1 FY26), nearly double the Rs 611 crore loss reported in the same quarter last year (Q1 FY25).
On a quarter-on-quarter (QoQ) basis, the Bengaluru-based company recorded a net loss of Rs 1,081 crore in the previous quarter (Q4 FY25), as indicated in its filing with the stock exchange.
The significant increase in losses can be attributed primarily to its Quick Commerce division, Instamart, where financial challenges have intensified considerably.
On an EBIT basis, losses from Instamart soared to Rs 797 crore from Rs 379 crore a year earlier.
Swiggy's overall EBITDA loss also rose to Rs 954 crore, up from Rs 544 crore in the corresponding quarter last year.
Nevertheless, the food and grocery delivery giant witnessed a remarkable 53.9 per cent increase in revenue from operations, reaching Rs 4,961 crore during the June quarter compared to Rs 3,222 crore in Q1 FY25.
The revenue from the food delivery segment amounted to Rs 1,799 crore, an increase from Rs 1,515 crore, while Quick Commerce revenue surged more than double to Rs 806 crore from Rs 374 crore.
The food delivery division exhibited operational enhancements, with EBIT climbing to Rs 202 crore from Rs 67 crore in the previous year.
However, losses persisted in supply chain, distribution, and platform innovations.
The gross order value (GOV) for Swiggy’s B2C business increased by 45 per cent YoY to Rs 14,797 crore.
The food delivery GOV grew by 18.8 per cent to Rs 8,086 crore, while Quick Commerce GOV skyrocketed 108 per cent to Rs 5,655 crore.
On the stock market, Swiggy's shares closed 0.7 per cent higher at Rs 403.95, just above the IPO price of Rs 390. Despite this, the stock has seen a 25 per cent decline thus far in 2025.
Point of View
The staggering financial results from Swiggy signal a critical juncture for the company. While they showcase impressive revenue growth, the doubling of losses raises questions about sustainability and strategic direction. With consumers increasingly reliant on quick commerce, Swiggy must navigate these challenges effectively to maintain its leadership position.
NationPress
21/09/2025
Frequently Asked Questions
What were Swiggy's losses in Q1 FY26?
Swiggy reported a net loss of Rs 1,197 crore in Q1 FY26, nearly double the Rs 611 crore loss from Q1 FY25.
What contributed to Swiggy's losses?
The losses were mainly attributed to the financial strain in their Quick Commerce division, Instamart.
How did Swiggy's revenue perform?
Swiggy's revenue from operations increased by 53.9 per cent to Rs 4,961 crore in Q1 FY26 compared to Rs 3,222 crore in the previous year.
What is the status of Swiggy's stock?
Swiggy's shares closed 0.7 per cent higher at Rs 403.95, but the stock has declined by 25 per cent in 2025.
How much did the Quick Commerce revenue grow?
Quick Commerce revenue more than doubled to Rs 806 crore from Rs 374 crore in the same quarter last year.
