Swiggy Q2 Results: Net Loss Widens to Rs 1,092 Cr; Revenue Jumps 54% YoY on Instamart, Food Delivery Growth

Quick-commerce and food delivery major Swiggy Ltd reported its financial results for the July-September quarter (Q2FY26) on Thursday, October 30, 2025. The company posted a strong surge in revenue driven by higher order volumes across its food delivery and Instamart segments, though losses widened due to sustained investments in growth and logistics infrastructure.

Swiggy Q2 Results FY2026: Net Loss Widens; Revenue Jumps 54% YoY on Strong Instamart Performance

Swiggy's consolidated revenue rose 54.4% year-on-year (YoY) to Rs 5,561 crore in Q2FY26, compared to Rs 3,601 crore in the same quarter last year. On a sequential basis, revenue increased by 12.1% from Rs 4,961 crore reported in the June 2025 quarter, reflecting continued traction in both its food delivery and quick-commerce businesses.

Despite the strong topline growth, the company's net loss widened to Rs 1,092 crore for the September quarter, compared to Rs 626 crore in the year-ago period. However, the losses narrowed slightly on a quarter-on-quarter (QoQ) basis from Rs 1,197 crore reported in the April-June 2025 quarter.

Swiggy Q2 Earnings: Adjusted EBITDA Loss Widens to Rs 695 Crore

Swiggy reported an adjusted EBITDA loss of Rs 695 crore for the September quarter, marking a 104% increase from Rs 341 crore recorded in the same period last year. However, the company showed sequential improvement, as the adjusted EBITDA loss narrowed from Rs 813 crore in the previous June 2025 quarter.

The company's total expenses surged 56% year-on-year (YoY) to Rs 6,711 crore in Q2FY26, compared to Rs 4,309 crore in the corresponding quarter last year and Rs 6,244 crore in the preceding quarter. The increase was primarily driven by higher marketing spends, logistics costs, and expansion of its Instamart and food delivery operations.

Swiggy also witnessed strong growth in user engagement during the quarter. The platform's average monthly transacting users (MTUs) rose 34% YoY to 22.9 million, up from 17.1 million in the same quarter of the previous year, indicating higher order frequency and broader customer adoption.

Swiggy Food Delivery Revenue Up 22% YoY

In the food delivery segment, Swiggy's revenue increased 22% YoY to Rs 2,206 crore in Q2FY26, compared to Rs 1,808 crore a year ago. The gross order value (GOV) for the food delivery business grew 19% YoY to Rs 8,542 crore, up from Rs 7,191 crore in Q2FY25, reflecting strong order momentum and higher average order values.

Swiggy Share Price Today Amid Q2 Earnings Call

Ahead of the earnings announcement, Swiggy's share price closed 0.20% lower at Rs 418.10 per share on Thursday.