Date: October 22, 2026

Financial Performance Overview

Swiggy Limited reported unaudited financial results for the quarter and half year ended September 30, 2026. Overall revenue grew 33.8% year-over-year to INR 7,909 crore.

Segment Performance

Food Delivery Business

  • Gross Order Value (GOV) grew 17.7% YoY (+5.9% QoQ) to INR 10,054 crore
  • Monthly Transacting Users (MTUs) grew 15.2% YoY to 19.8 million
  • Adjusted EBITDA improved by INR 101 crore YoY to INR 341 crore
  • Adjusted EBITDA margin reached 3.4% of GOV, representing +58 basis points YoY improvement
  • September 2026 recorded 20%+ YoY growth

Toing Business

  • Standalone app for affordable, budget-friendly meals services
  • Operating in 50+ cities
  • Two out of three new users on Toing were new to the food delivery category
  • High-volume demand helping restaurant partners achieve unprecedented economies of scale
  • Potential to catapult combined Food delivery (Swiggy+Toing) marketplace growth to 25-30%

Quick Commerce (Instamart)

  • Net Order Value (NOV) grew 31.4% YoY and 13.4% QoQ to INR 6,954 crore
  • GOV grew 16.7% QoQ to INR 9,230 crore
  • Added 69 darkstores in the quarter (equal to cumulative additions of last three quarters)
  • Total darkstores reached 1,240 stores covering 5.2 million sq ft (+13.3% YoY)
  • Contribution margin stood at -1.0% of GOV, improving +157 bps YoY but declining 82 bps QoQ
  • Adjusted EBITDA margin improved to -9.7% from -9.8% in Q1FY27
  • Overall loss of INR 895 crore for the quarter

Out-of-Home Consumption

  • GOV grew 34.9% YoY to INR 1,508 crore
  • Delivered seventh successive quarter of profitability
  • Adjusted EBITDA margins of 0.5% of GOV

Strategic and Operational Highlights

Regulatory Milestone

  • Obtained necessary approvals to qualify as an Indian owned and controlled company
  • Important milestone for the quick commerce business with transition underway

Management Commentary

According to Sriharsha Majety, MD & Group CEO, Swiggy:

  • Food delivery business delivered highest ever profits and margins
  • Continuing to unlock new category growth through Toing
  • Quick commerce delivered accelerated growth as guided
  • Differentiation will decide winners with speed and selection becoming table stakes
  • Assortment viewed as a curation game rather than volume game
  • Aim is to enable consumers to buy better, not just offer more

Company Background

Swiggy is India's pioneering on-demand convenience platform serving millions of consumers monthly. Founded in 2014, the company operates with over 7.6 lakh delivery partners. Key business segments include:

  • Food Delivery: Partnerships with over 2.7 lakh restaurants across 750+ cities
  • Instamart: Quick commerce platform operating in 133 cities across 20+ categories
  • Additional services: Dineout, Swiggy Scenes, Toing, and Crew
  • Swiggy One: Membership program offering benefits across food, quick commerce and dining out

Forward-Looking Statements Disclaimer

The document contains forward-looking statements subject to risks and uncertainties including changes in laws, economic conditions, market conditions, political stability, government regulations, taxation, litigation, and competition. The company undertakes no obligation to publicly update forward-looking statements.

Non-GAAP Measures Disclosure

The company uses certain Non-GAAP measures alongside Ind AS financial information for evaluating operating performance and internal planning purposes.