Swiggy Records INR 292 Cr Adjusted EBITDA as Food Delivery Gross Order Value Grows 17.4%

Swiggy Records INR 292 Cr Adjusted EBITDA as Food Delivery Gross Order Value Grows 17.4%​

Swiggy Ltd., India's on-demand convenience platform, reported results for the quarter ended June 30, 2026. The company saw overall revenue climb by 34.0% year over year (YoY) to INR 7,112 Cr. Food Delivery and Out-of-Home consumption both demonstrated significant growth and profitability improvements during the period.

The platform reported that its Platform MTUs grew 27.4% YoY, reaching 27.5 million. Swiggy's food delivery business Gross Order Value (GOV) increased 17.4% YoY to INR 9,490 Cr. Adjusted EBITDA for the Food Delivery segment improved by INR 100 Cr YoY, reaching INR 292 Cr, resulting in a 3.1% Adjusted EBITDA margin, which is up 70 basis points (bps) YoY.

Quick Commerce and Segment Performance​

The company's quick commerce vertical saw substantial growth while refining its profitability profile. Instamart GOV grew 39.8% YoY to INR 7,907 Cr. The segment improved its Adjusted EBITDA margin to -9.8%, up from -10.9% in Q4FY26. Quick Commerce posted an overall loss of INR 778 crore for the quarter.

In terms of profitability metrics, Quick Commerce hit a contribution break-even target in May 2026. For the quarter, the segment recorded a contribution margin of -0.2% of GOV, improving by 165 bps QoQ.

Out-of-Home (OOH) consumption remains a profitable area for Swiggy. OOH GOV grew 44.8% YoY and achieved an Adjusted EBITDA margin of 0.9% of GOV.

Operational Updates​

The Food Delivery segment expanded its Toing service to 50 cities. Company reports noted that two out of three new users on Toing were new category users, allowing numerous restaurant partners to achieve economies of scale through high-volume demand.

For Quick Commerce, the company added 28 darkstores, bringing the total number of stores across 131 cities to 1,171, covering 4.9 million square feet.

The chief executive stated that food delivery economics continue to strengthen as Swiggy innovates consumer propositions to broaden adoption. Regarding quick commerce, he noted that reaching contribution breakeven marks a real inflection point for the business, and the differentiated assortment strategy is expected to drive future growth with efficiency improvements.

SWIGGY Stock Price Movement​

Today, Swiggy Limited shares rallied to close at ₹295.91, recording a solid gain of 2.25%. The equity traded within an intraday range of ₹281.23 to ₹298.85, as investors transacted over 42.22 million shares.