Swiggy Reports Narrower Loss of Rs 800 Crore in Q4 FY26

Swiggy, the Indian food delivery giant, has reported a narrowed loss of Rs 800 crore (£96.1 million) for the fourth quarter of the fiscal year 2026. This substantial reduction in losses was largely attributed to a remarkable 45% surge in revenue, marking a significant rebound in its business operations.

The company's food delivery division experienced its highest growth in nearly four years, reaching its best performance over a span of 15 quarters. Gross order values within this sector increased by 22.6%, amounting to approximately Rs 90 billion (£1.08 billion).

Another noteworthy contributor to the revenue increase was Swiggy's quick commerce platform, Instamart. The adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins for Instamart improved to negative 10.9%, compared to negative 11.4% in the preceding quarter.

The expansion of India's quick commerce industry, which has rapidly evolved into an $11.5 billion (£8.76 billion) market within five years, is significantly transforming consumer behaviour by enabling the home delivery of groceries and electronics within minutes.

CEO Sriharsha Majety commented on the positive growth trajectory, stating, "Food delivery has grown at its strongest pace in nearly four years, defying scepticism around a sector slowdown, with meaningfully better margins than a year ago." This remark underscores the resilience of the sector amidst economic challenges.

For the three months ending on March 31, Swiggy's consolidated loss was recorded at Rs 8 billion ($84.66 million), a decrease from the Rs 10.65 billion (£127.9 million) loss reported in the previous quarter. Analysts and industry observers view this progress as a strong indicator of Swiggy's capacity to rebound from financial setbacks and adapt to market demands.