Swiggy Q1 FY27 Results: Net Loss Narrows 34% YoY to ₹791 Crore, Quick-Commerce Revenue Jumps 53%

Swiggy reported a consolidated net loss of ₹791 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with ₹1,197 crore in the same quarter last year, marking a 33.9% year-on-year (YoY) decline in losses.

The improvement came as revenue grew at a faster pace than expenses, while overall losses across the company’s operating segments reduced during the quarter.

Revenue Grew 37% Year-On-Year

Revenue from operations increased 37.3% YoY to ₹6,812 crore, up from ₹4,961 crore in the corresponding quarter last year.

Total income rose 39.1% to ₹7,023 crore, supported by higher other income of ₹211 crore, compared with ₹87 crore a year earlier.

Total expenses increased 25.1% to ₹7,813 crore, mainly due to higher spending on stock purchases, delivery costs, and advertising. The company also reported a lower loss per share of ₹2.96, compared with ₹5.04 in Q1 FY26. No exceptional items or tax expenses were recorded during the quarter.

Food Delivery and Quick-Commerce Performance

Swiggy’s food delivery business continued to perform well during the quarter.

• Revenue from food delivery rose 22.7% YoY to ₹2,208 crore.
• The segment’s profit increased 48% to ₹299 crore, reflecting stronger operating performance. 

The quick-commerce business (Instamart) recorded even faster growth.

• Revenue climbed 52.9% YoY to ₹1,232 crore.
• Segment loss narrowed 18.3% to ₹651 crore, although Instamart remained the company's largest loss-making business. 

Performance Across Other Business Segments

Swiggy’s out-of-home consumption business generated revenue of ₹126 crore, while its segment profit improved to ₹14 crore.

The supply-chain and distribution business recorded revenue of ₹3,195 crore, with its segment loss narrowing significantly to ₹8 crore.

Meanwhile, Platform Innovations, which includes businesses such as Swiggy Minis, Swiggy Sports, Snacc, Toing and Crew, increased revenue to ₹51 crore. However, losses from this segment widened to ₹131 crore as investments continued.

Overall, Swiggy's combined segment loss declined 30.8% YoY to ₹477 crore.

Instamart Business Update

Swiggy announced that its Instamart business was transferred to Swiggy Instamart Private Limited, a wholly owned step-down subsidiary, with effect from April 1, 2026, through a slump sale.

The company also informed that Amitesh Kumar Jha stepped down as the Chief Executive Officer of Instamart, effective July 28, 2026, after the end of the reporting quarter.

Read More: SBI Raises ₹4,691 Crore Through AT1 Bonds at 7.75% Coupon Rate!

Swiggy Share Price Movement

As of July 30, 2026, Swiggy share price (NSE: SWIGGY ) was trading at ₹293.80, up 2.25% (₹6.46) for the day on the NSE. The stock opened at ₹285.99, touched an intraday high of ₹298.85, and a low of ₹281.23. 

Conclusion

Swiggy delivered a stronger first quarter in FY27 by reducing its net loss and reporting healthy revenue growth across its businesses. Food delivery continued to improve profitability, while Instamart maintained strong revenue growth and reduced losses. 

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