Swiggy, a popular food delivery and quick commerce company, disclosed a larger consolidated net loss of Rs 1,065 crore for the third quarter of FY26, compared to Rs 799 crore in the same period last fiscal year. Despite this increased loss, the company experienced a robust revenue surge, primarily fueled by its food delivery and quick commerce operations. Swiggy’s revenue from operations soared by 54% year-on-year to Rs 6,148 crore in Q3, up from Rs 3,993 crore in the corresponding quarter of the previous financial year, as per its stock exchange filing.
On a sequential basis, the revenue witnessed an 11% growth from Rs 5,561 crore reported in the July–September quarter of FY26. The net loss, however, slightly narrowed from Rs 1,092 crore in the preceding quarter. Swiggy reported an EBITDA loss of Rs 782 crore during the quarter, compared to Rs 725 crore in the same period last fiscal year. The company’s core food delivery business displayed consistent growth, with revenue climbing to Rs 2,041 crore from Rs 1,637 crore a year ago.
The gross order value for this segment increased by 20.5% year-on-year, while the adjusted EBITDA saw a significant improvement to Rs 272 crore, marking a 1.5 times increase from the previous year. During the quarter, Instamart, a part of Swiggy, expanded by adding 37 dark stores, bringing the total count to 1,136 across 131 cities, covering an operational area of 4.8 million square feet. The supply chain and distribution business also exhibited strong growth, with revenue escalating to Rs 2,981 crore from Rs 1,693 crore in the same quarter of the last fiscal year.
In the stock market scenario, Swiggy shares relinquished their intra-day gains towards the end of Thursday’s trading session, settling nearly unchanged at Rs 323.85 ahead of the earnings announcement. Currently, the stock is trading approximately 17% lower than its IPO price of Rs 390.
