Swiggy Q4 Results Preview: Revenue Seen Rising 30%, EBITDA Loss May Narrow; Instamart Growth, Margins in Focus

Swiggy, one of India's leading food delivery and quick commerce platforms, is set to announce its fourth quarter (Q4FY26) and full-year FY26 earnings this week, with investors closely tracking growth in food delivery, Instamart expansion and profitability trends amid rising competition in the quick commerce space.

Swiggy Q4 Results Date & Time: Food Delivery Major To Announce FY26 Earnings Today on May 8

Swiggy has informed stock exchanges that its Board of Directors will meet on Friday, May 8, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The earnings announcement is expected during market hours or later in the day after the Board meeting concludes.

Swiggy Q4 Results Preview: Analysts Expect Strong Revenue Growth

According to estimates by Kotak Institutional Equities, Swiggy is likely to report consolidated revenue growth of around 30% year-on-year during the March 2026 quarter.

The brokerage estimates Q4FY26 revenue at nearly Rs 5,743.8 crore, supported by healthy growth across both food delivery and quick commerce businesses. Food delivery revenue is expected to rise around 23% year-on-year, while gross merchandise value (GMV) in the segment may grow nearly 19% annually.

Instamart Expected To Drive Swiggy's Growth Momentum

Swiggy's quick commerce arm, Instamart, is expected to remain the key growth driver for the company during the quarter. Analysts estimate Instamart revenues could rise around 66% year-on-year, while GMV growth is projected at nearly 75%.

The sharp growth is likely to be supported by higher average order values, expansion in dark store areas, and improving utilisation levels across stores. Investors are also expected to monitor management commentary around competitive intensity and expansion strategy in the quick commerce market.

Swiggy Q4 Results Today: Expected EBIDTA; Profitability Outlook for March Quarter

Despite strong revenue growth, Swiggy is still expected to remain loss-making at the consolidated EBITDA level, though losses may narrow compared to the year-ago period.

Kotak Institutional Equities expects consolidated EBITDA loss at around Rs 489.6 crore for Q4FY26, compared to an EBITDA loss of Rs 635.4 crore reported in the corresponding quarter last year.

The brokerage also expects food delivery contribution margins to improve sequentially during the quarter. Contribution margin for the food delivery business is estimated at 7.8% in Q4FY26, reflecting a marginal quarter-on-quarter improvement.

However, losses in the Instamart business are expected to remain elevated due to aggressive store expansion and increasing competition in the quick commerce segment. Analysts estimate Instamart EBITDA loss at around Rs 870 crore during the March quarter.

Swiggy Q4 Expectations: Focus on Cash Position and Expansion Plans

Apart from earnings, market participants are also expected to focus on Swiggy's cash reserves and future growth strategy following its recent qualified institutional placement (QIP) and stake sale in Rapido.

Brokerages believe the higher cash balance could boost other income while providing financial flexibility for expansion across food delivery and Instamart operations.

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