Swiggy Q4 FY26 Results: Overall Revenue Jumps 45% to ₹6,383 Crores, Net Loss Narrows to ₹800 Crores
Swiggy Ltd released its Q4 FY26 report today, May 08, 2026, showing a strong performance in the quarter and full year ended March 31, 2026, with consolidated revenue rising 45% year-on-year (YoY) to ₹6,383 crores.
The food delivery and quick commerce platform also narrowed its net loss to ₹800 crore during the quarter, compared with ₹1,081 crore in the same period last year.
The improvement in financial performance came amid continued growth in food delivery orders and the rapid expansion of Instamart, the company’s quick-commerce business. Swiggy’s operational momentum was supported by higher order volumes, increased customer engagement, and improvements in platform monetisation.
Key Highlights
Food Delivery Business Shows Margin Expansion
- Swiggy’s food delivery business continued to deliver steady growth and profitability improvements during the quarter. Gross Order Value (GOV) grew 22.6% YoY to ₹9,005 crores, while monthly transacting users (MTUs) increased 21% YoY to 1.83 crore.
- The segment also reported an improvement in profitability, with the adjusted EBITDA margin rising to 3.3% of GOV (+41 bps YoY, +26 bps QoQ).
- Additionally, the Out-of-Home (OOH) segment recorded strong traction, with GOV growing 43% YoY. The segment also achieved its first full year of profitability in FY26, highlighting diversification beyond core food delivery.
Instamart Continues Rapid Expansion
- Swiggy’s quick commerce arm, Instamart, remained a key growth driver, posting GOV growth of 68.8% YoY to ₹7,881 crores.
- The company continued its calibrated network expansion, adding seven dark stores during the quarter, bringing the total to 1,143 stores across 129 cities, covering 4.8 million square feet.
- Average order value (AOV) rose 32.8% YoY to ₹700, supported by a higher share of non-grocery orders and larger basket sizes. This indicates deeper engagement and evolving consumer behaviour on the platform.
- From a profitability standpoint, Instamart showed gradual improvement. Contribution margin improved by 65 basis points sequentially to -1.8%, with the monthly contribution margin reaching -1.1% in March 2026.
- Adjusted EBITDA margin improved to -10.9% from -11.4% in Q3 FY26, while the segment reported a loss of ₹858 crores during the quarter.
Key Summary of Q4FY26 Results
|
Particulars |
Q4 FY26 (in ₹ Cr.) |
Q4 FY25 (in ₹ Cr.) |
FY26 (in ₹ Cr.) |
FY25 (in ₹ Cr.) |
|---|---|---|---|---|
|
Revenue from Operations |
6,383 |
4,410 |
23,053 |
15,227 |
|
Loss |
(800) |
(1,081) |
(4,154) |
(3,116) |
|
Segment |
Revenue from Operations |
|||||
|---|---|---|---|---|---|---|
|
Q4 FY26 (in ₹ Cr.) |
Q4 FY25 (in ₹ Cr.) |
YoY Change (%) |
FY26 (in ₹ Cr.) |
FY25 (in ₹ Cr.) |
YoY Change (%) |
|
|
Food Delivery |
2,075 |
1,629 |
27.3 |
7,839 |
6,362 |
23.3 |
|
Out-of-home consumption |
107 |
67 |
59.7 |
375 |
238 |
57.5 |
|
Segment |
Revenue from Operations |
|||||
|---|---|---|---|---|---|---|
|
Q4 FY26 (in ₹ Cr.) |
Q4 FY25 (in ₹ Cr.) |
YoY Change (%) |
FY26 (in ₹ Cr.) |
FY25 (in ₹ Cr.) |
YoY Change (%) |
|
|
Food Delivery |
2,075 |
1,629 |
27.3 |
7,839 |
6,362 |
23.3 |
|
Out-of-home consumption |
107 |
67 |
59.7 |
375 |
238 |
57.5 |
|
Quick-commerce |
1,057 |
689 |
53.4 |
3,859 |
2,130 |
81.1 |
|
Supply chain and distribution |
3,135 |
2,004 |
56.4 |
10,935 |
6,418 |
70.3 |
|
Platform Innovations |
11 |
22 |
(50) |
52 |
88 |
(40.9) |
|
Total |
6,385 |
4,411 |
44.7 |
23,060 |
15,236 |
51.3 |
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