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Swiggy's FY26 Net Loss Widens 33% to Rs 4,154 Crore

Swiggy's full-year FY26 net loss widened 33% to Rs 4,154 crore, though its Q4 loss narrowed to Rs 800 crore. Revenue from operations rose 45% year-on-year to Rs 6,383 crore in the March quarter. Instamart, the quick commerce arm, saw gross order value jump 68.8% to Rs 7,881 crore. CEO Sriharsha Majety said the company remains on track for contribution margin breakeven.

Key Points: Swiggy FY26 Net Loss Rises to Rs 4,154 Crore

  • Swiggy's FY26 net loss widens 33% to Rs 4,154 crore
  • Q4 net loss narrows to Rs 800 crore
  • Revenue jumps 45% to Rs 6,383 crore in Q4
  • Instamart GOV grows 68.8% to Rs 7,881 crore
2 min read

Swiggy's FY26 net loss rises 33 pc to Rs 4,154 crore

Swiggy reports FY26 net loss of Rs 4,154 crore, up 33% from last year. Q4 loss narrows to Rs 800 crore; revenue jumps 45% to Rs 6,383 crore.

"In quick commerce, the next phase will be defined by anticipating consumer needs, not merely fulfilling them. - Sriharsha Majety"

New Delhi, May 8

Quick commerce services provider Swiggy on Friday reported that its FY26 full financial year loss widened to Rs 4,154 crore compared to Rs 3,117 crore in the previous fiscal.

However, the company reported a narrowing of its net loss to Rs 800 crore for the quarter ended March 31, 2026, compared to a loss of Rs 1,081 crore in the same period last year.

The online food and grocery delivery platform posted a 45 per cent year-on-year rise in revenue from operations at Rs 6,383 crore in Q4 FY26, up from Rs 4,410 crore in the corresponding quarter of the previous fiscal.

Moreover, the company's total income came in at Rs 6,649 crore, a 46.74 per cent year-on-year increase from Rs 4,531 crore in the same period last year.

In terms of expenses, advertising and sales promotion expenses stood at Rs 1,577 crore, up 36 per cent year-on-year from Rs 1,161 crore in the corresponding period in the previous year.

Swiggy Managing Director and Group CEO Sriharsha Majety said the company's quick commerce arm Instamart is focusing on improving unit economics and strengthening operational efficiency.

"In quick commerce, the next phase will be defined by anticipating consumer needs, not merely fulfilling them. Unit economics continue to improve quarter on quarter, and we remain on track for contribution margin breakeven in line with our guidance," Majety said.

Moreover, Instamart reported a 68.8 per cent year-on-year growth in gross order value (GOV) at Rs 7,881 crore during the quarter.

In the food delivery segment, gross order value (GOV) stood at Rs 9,005 crore, while orders reached 18.3 million.

Swiggy shares ended at Rs 281.30 on the BSE on Friday, up 0.68 per cent. The stock has touched a 52-week high of Rs 473 and a 52-week low of Rs 256.40 on the exchange.

- IANS

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Reader Comments

P
Priya S
Advertising expenses of Rs 1,577 crore is insane! They're spending so much on promotions while still making losses. Maybe they should focus more on operational efficiency rather than bombarding us with discounts and ads.
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Vikram M
Revenue up 45% but still losing money - classic Indian startup story. At least they're improving unit economics. I actually like Instamart for quick deliveries; hope they achieve breakeven soon. Customers like me want reliability, not just discounts.
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Ananya R
Stock dropped from 52-week high of Rs 473 to Rs 281 - big fall. Investors must be worried. But for us common users, as long as food arrives hot and on time, I'm happy. 😅 Hope they manage finances better though.
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Rohit P
Quick commerce growing 68.8% is impressive. But these losses mean they're burning cash like crazy. I'd rather they focus on sustainable growth than chasing valuations. Indian consumers are price-sensitive; they can't just raise costs arbitrarily.
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Kavya N
Swiggy's food delivery GOV of Rs 9,005 crore is solid. But with Zomato also competing hard, margins will always be thin. I think they need to innovate in customer experience rather than just spending on ads. Maybe more local restaurant partnerships? 😊
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Siddharth J

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