Mumbai, July 30 (IANS) Swiggy Limited on Thursday posted a consolidated net loss of Rs 791 crore for the quarter ended June 30 (Q1 FY27) as the company continued to expand its user base and dark-store network.
The firm reported a loss of Rs 1,197 crore in the corresponding period last financial year (Q1 FY26), according to its stock exchange filing.
On a sequential basis, the company’s net loss also narrowed from Rs 800 crore in the March quarter, it added in its filing.
Commenting on the financial performance, Sriharsha Majety, MD & Group CEO, Swiggy said that the food delivery economics continue to strengthen as we innovate across affordability and consumer propositions to broaden adoption and unlock the next 100 million users in the category.
“Out-of-home consumption remains a profitable, fast-growing part of our business, making meaningful progress,” Majety added.
Consolidated revenue from operations rose 37 per cent year-on-year to Rs 6,812 crore during the quarter, compared with Rs 4,961 crore a year earlier.
Revenue also increased from Rs 6,383 crore reported in the preceding March quarter, driven primarily by sustained momentum in the company’s quick-commerce business.
The company’s operating performance also improved during the quarter, with adjusted EBITDA loss narrowing to Rs 650 crore from Rs 945 crore in the year-ago period.
Swiggy continued to add users at a healthy pace, with average monthly transacting users (MTUs) increasing 27.4 per cent year-on-year to 27.5 million. On a sequential basis, MTUs grew 9.2 per cent.
The food delivery business remained resilient, with gross order value (GOV) rising 17.4 per cent year-on-year to Rs 9,490 crore.
The segment added around 0.9 million monthly transacting users during the quarter, taking the total to 19.2 million, an increase of 18 per cent over the previous year.
Adjusted EBITDA for the food delivery segment improved by Rs 100 crore year-on-year to Rs 292 crore.
However, it slipped marginally by Rs 5 crore compared with the previous quarter. The segment’s adjusted EBITDA margin improved to 3.1 per cent of GOV, expanding 70 basis points year-on-year, although it declined 22 basis points sequentially.
–IANS
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