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Swiggy
SectorConsumer Services
In the news
Swiggy down 50% in 1 year; Anand Rathi retains Buy rating at ₹310
Delhi Panel Orders Swiggy, Restaurant ₹1L Payout for Misleading Pricing
Swiggy sells entire Lynks Logistics stake to Udaan for ₹500 cr
Swiggy's Crew Platform Expands to Travel with ₹999 Subscription
Swiggy shares rise 2.5% after ₹1,041 cr BNP Paribas-Goldman Sachs deal
Quick Commerce Expands to 477 Cities as Industry Faces 'Fatalities'
Swiggy's Food On Train Service Grows 12x In 2 Years
Swiggy shares drop 38% from listing peak after weak Q1 results
Swiggy gets 49.5% FDI cap approval, oil stocks in focus
Swiggy's IOCC Gamble: How Governance Fixes Set the Stage for Instamart's Pivot
Swiggy shareholders approve 49.5% foreign ownership cap for inventory shift
Swiggy strengthens leadership across quick commerce, food delivery
Swiggy shares surge 3% on IOCC approval, Macquarie remains bearish
Biocon, PB Fintech Lead MF 'Buy' List in July
Eternal vs Swiggy: Quick Commerce War Intensifies Post Q1
Maharashtra to regulate Swiggy, Zomato under bike-taxi rules
Restaurant Bodies Extend Zomato, Swiggy Boycott Deadline to Aug 31
Swiggy's Instamart targets ₹60,000 cr breakeven amid Blinkit challenge
Eternal shares gain 2.11% as Q1 results show 268% profit surge
Swiggy Shares Rise 5% on $1 Billion EBITDA Target by FY31
The Quarter story
The two most recent quarterly results, compared side-by-side.
Swiggy scales quick commerce and food delivery profits while narrowing consolidated losses and optimizing cash burn.
Food delivery Adjusted EBITDA rose from ₹212 Cr in Q4 FY25 to ₹292 Cr in Q1 FY27, demonstrating strong profitability expansion.
Platform Innovations Adjusted EBITDA worsened from -₹36 Cr in Q4 FY25 to -₹58 Cr in Q4 FY26, indicating rising segment losses.
Quick commerce Gross Order Value grew from ₹4,670 Cr in Q4 FY25 to ₹7,907 Cr in Q1 FY27, reflecting strong platform demand.
Platform Frequency declined from 4.22x in Q4 FY25 to 4.01x in Q4 FY26, indicating lower user engagement frequency.
Consolidated Adjusted Revenue climbed from ₹4,718 Cr in Q4 FY25 to ₹6,665 Cr in Q4 FY26, driven by robust user growth.
Contract liabilities [Current] dropped from ₹217.32 Cr in Q4 FY25 to ₹16 Cr in Q4 FY26, indicating lower advance payments from users.
Quick commerce Contribution Margin improved from -5.6% in Q4 FY25 to -0.2% in Q1 FY27, showing recovering unit economics.
Rental expenses worsened from -₹96 Cr in Q4 FY25 to -₹170 Cr in Q4 FY26, reflecting higher facility costs.
Supply Chain & Distribution Segment result improved from -₹511.86 Cr in Q4 FY25 to -₹4 Cr in Q4 FY26, indicating rapid loss reduction.
Quick commerce Grocery share fell from 81.5% in Q1 FY26 to 67.8% in Q3 FY26, showing a strategic shift away from core grocery.
Company insights, generated from the most recent coverage.
Instamart carries the heaviest enforcement load of the large platforms — nine FSSAI notices in July 2026, Karnataka FDA license suspension, and Maharashtra FDA action on outlets — making it most exposed to compliance-driven revenue interruption.
Instamart's grievance redressal is reactive: FSSAI found complaints met with refunds rather than root-cause fixes, and a returned deteriorated infant formula was allegedly re-supplied — exposing contamination and repeat-violation risk across the network.
FSSAI's July 2026 nine notices to Instamart found listed sellers with incorrect, invalid or entirely non-existent FSSAI licence numbers, and brand names differing from those on official licences — a fundamental vendor-onboarding verification gap, not an isolated lapse.