Swiggy Q4 FY26 Results: Revenue Surges 45%, Net Loss Narrows to ₹800 Crore
By Kaushik Brahmakshatriya
Published On 10 May 2026.
Swiggy Q4 FY26 Results
India’s leading food delivery and quick commerce giant Swiggy Limited has delivered a strong performance in the fourth quarter of FY26. Released on May 8, 2026, the Q4 FY26 report showed consolidated revenue rising 45% year-on-year (YoY) to ₹6,383 crore. (Groww) At the same time, the company showed meaningful progress on the path to profitability — a key metric that investors and analysts had been watching closely.
Swiggy Q4 FY26: Key Financial Highlights
The company’s consolidated net loss came in at ₹800 crore in Q4 FY26, compared with ₹1,081 crore in Q4 FY25 and ₹1,065 crore in the December 2025 quarter — a significant improvement on both a year-on-year and sequential basis. This 26% narrowing of losses signals that Swiggy’s massive investment phase is beginning to pay off.
Swiggy Q4 FY26 — Headline Financial Performance
| Metric | Q4 FY26 | Q4 FY25 | YoY Change |
| Revenue from Operations | ₹6,383 Crore | ₹4,410 Crore | +45% |
| Net Loss | ₹800 Crore | ₹1,081 Crore | -26% |
| Total Expenses | ₹7,448 Crore | ₹5,610 Crore | +32.7% |
| Other Income | ₹266 Crore | — | — |
| Total Income | ₹6,649 Crore | — | — |
Food Delivery: Strongest Growth in 15 Quarters
Swiggy’s core food delivery business was the star performer of this quarter. Food delivery Gross Order Value (GOV) rose 23% year-on-year to ₹9,005 crore in Q4 FY26. Monthly transacting users (MTUs) for food delivery increased 21% year-on-year to 18.3 million, signalling broader demand as well as improved repeat behaviour.
Swiggy said its food delivery business recorded its highest growth in 15 quarters, with gross order value (GOV) rising 22.6% year-on-year, while adjusted EBITDA increased 39.8% to ₹297 crore.
This is a landmark achievement that clearly signals the food delivery vertical has re-accelerated after a period of muted growth.
Commenting on Q4 FY26 results, Sriharsha Majety, MD & Group CEO, said, “Food delivery has grown at its strongest pace in nearly four years, crossing INR 1,000 Cr in annual adjusted EBITDA and defying scepticism around a sector slowdown, with meaningfully better margins than a year ago.”
Instamart (Quick Commerce): Explosive 68.8% GOV Growth
Swiggy’s quick commerce arm, Instamart, remained a key growth driver, posting GOV growth of 68.8% YoY to ₹7,881 crore. The company continued its calibrated network expansion, adding seven dark stores during the quarter, bringing the total to 1,143 stores across 129 cities, covering 4.8 million square feet.
Average order value (AOV) rose 32.8% YoY to ₹700, supported by a higher share of non-grocery orders and larger basket sizes.
This shift in consumer behaviour toward buying higher-value items on Instamart is a healthy sign for long-term unit economics.
Swiggy Segment-wise Performance — Q4 FY26
| Segment | GOV / Revenue | YoY Growth |
| Food Delivery GOV | ₹9,005 Crore | +22.6% |
| Instamart (Quick Commerce) GOV | ₹7,881 Crore | +68.8% |
| Food Delivery Revenue | ₹2,075 Crore | +27.4% |
| Quick Commerce Revenue | ₹1,057 Crore | +53% |
| Supply Chain & Distribution | ₹3,135 Crore | +56.4% |
Full Year FY26: A Big Leap Forward
The annual numbers are equally impressive. The company’s consolidated revenue from operations rose 51% year-on-year to ₹23,053 crore in FY26, up from ₹15,227 crore in the previous year.
The consolidated net loss for the full year stood at ₹4,154 crore, while the Supply Chain and Distribution business emerged as a significant contributor, reporting ₹10,935 crore in annual revenue.
Swiggy Full Year FY26 vs FY25 Comparison
| Metric | FY26 | FY25 | YoY Growth |
| Revenue from Operations | ₹23,053 Crore | ₹15,227 Crore | +51% |
| Food Delivery Revenue | ₹7,832 Crore | — | — |
| Quick Commerce Revenue | ₹3,859 Crore | — | — |
| Supply Chain Revenue | ₹10,935 Crore | — | — |
| Annual Net Loss | ₹4,154 Crore | ₹3,117 Crore | Widened |
Strategic Moves: Instamart Subsidiary & QIP
Swiggy also made bold corporate moves during the year. To sharpen execution and capital allocation, Swiggy carved out Instamart as a separate subsidiary, providing operational flexibility and a clearer path for future fundraising. The company also exited its investment in Rapido for nearly ₹2,400 crore and raised ₹10,000 crore via a Qualified Institutional Placement, bolstering its balance sheet for expansion and technology investments.
The company closed March 2026 with cash and cash equivalents of ₹15,053 crore, providing a sizable runway for growth and category development. This is a crucial buffer as Swiggy continues to compete aggressively against Zomato and Blinkit.
Share Price Reaction
On the same day results were announced, Swiggy’s shares closed 1.2% higher at ₹282.8 apiec a modest but positive market reaction that reflects cautious optimism among investors.
FAQ — Swiggy Q4 FY26 Results
Q1. What was Swiggy’s revenue in Q4 FY26?Swiggy’s revenue from operations in Q4 FY26 was ₹6,383 crore, representing a 45% increase compared to ₹4,410 crore in Q4 FY25.
Q2. Did Swiggy make a profit in Q4 FY26?
No, Swiggy remains loss-making. However, its net loss narrowed significantly by 26% to ₹800 crore in Q4 FY26 from ₹1,081 crore in Q4 FY25, showing a clear improvement in financial health.
Q3. How did Instamart perform in Q4 FY26?Instamart delivered outstanding growth with Gross Order Value surging 68.8% YoY to ₹7,881 crore. The Average Order Value also rose 32.8% to ₹700, and the dark store network expanded to 1,143 stores across 129 cities.
Q4. What was Swiggy’s full-year revenue for FY26?
For the full fiscal year FY26, Swiggy’s consolidated revenue from operations reached ₹23,053 crore — a 51% jump from ₹15,227 crore in FY25.
Q5. What is Swiggy’s path to profitability?Swiggy is steadily improving its unit economics. Food delivery has crossed ₹1,000 crore in annual adjusted EBITDA. Instamart’s contribution margin is improving quarter-on-quarter, and with ₹15,053 crore in cash reserves, the company has a strong runway to reach consolidated profitability in the coming years.
Disclaimer
This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred
