Swiggy, the quick commerce provider, disclosed a widened full-year loss of Rs 4,154 crore for FY26, up from Rs 3,117 crore in the previous fiscal year. However, the company managed to reduce its net loss to Rs 800 crore for the quarter ending March 31, 2026, compared to Rs 1,081 crore in the same period last year.
The online food and grocery delivery platform saw a 45% year-on-year increase in revenue from operations, reaching Rs 6,383 crore in Q4 FY26, compared to Rs 4,410 crore in the corresponding quarter of the previous fiscal year. Additionally, Swiggy’s total income surged to Rs 6,649 crore, marking a 46.74% year-on-year rise from Rs 4,531 crore in the same period last year.
Swiggy’s advertising and sales promotion expenses rose to Rs 1,577 crore, up 36% year-on-year from Rs 1,161 crore in the corresponding period of the previous year. Sriharsha Majety, the Managing Director and Group CEO of Swiggy, highlighted the focus on enhancing unit economics and operational efficiency within the company’s quick commerce arm, Instamart.
Majety emphasized the shift towards anticipating consumer needs rather than just meeting them in the quick commerce sector. He noted the continuous improvement in unit economics quarter by quarter, aiming for contribution margin breakeven in alignment with their projections. Instamart also saw a substantial 68.8% year-on-year growth in gross order value, reaching Rs 7,881 crore during the quarter.
In the food delivery segment, Swiggy recorded a gross order value of Rs 9,005 crore, with orders totaling 18.3 million. Swiggy’s stock closed at Rs 281.30 on the BSE, marking a 0.68% increase on Friday. The stock’s 52-week high and low on the exchange were Rs 473 and Rs 256.40, respectively.
