Swiggy Q4 Results: Net Loss Narrows to Rs 800 Cr, Revenue Jumps 45% as Core Food Delivery & Instamart Expand

Indian food delivery and quick commerce platform Swiggy reported a narrower consolidated net loss for the quarter ended March 31, 2026, supported by sustained momentum in its core food delivery business and continued expansion of its quick commerce operations.

Swiggy Q4 Results Today: Net Loss Narrows to Rs 800 Crore, Revenue Jumps 45%

The company posted a net loss of Rs 800 crore in Q4FY26, improving from a loss of Rs 1,081 crore reported during the corresponding quarter of the previous financial year. Revenue from operations rose sharply by 45% year-on-year to Rs 6,383 crore, compared with Rs 4,410 crore in Q4FY25, reflecting strong demand across food delivery and instant grocery services.

Swiggy, one of India's largest consumer internet platforms in the food-tech and quick commerce segment, has been focusing on scaling its operations while simultaneously improving margins amid intense competition in the sector.

Swiggy Q4 Earnings: Food Delivery Business Crosses Rs 1,000 Crore Adjusted EBITDA Mark

Commenting on the quarterly performance, Sriharsha Majety, Managing Director and Group CEO of Swiggy, said that the company's food delivery business delivered its strongest growth pace in nearly four years. He noted that the segment crossed Rs 1,000 crore in annual adjusted EBITDA, while margins improved meaningfully compared to the previous year despite concerns around a slowdown in the broader sector.

Majety also highlighted the continued contribution of the company's "Out of Home" business, describing it as both profitable and steadily growing.

Instamart Remains a Key Growth Driver

Swiggy's quick commerce arm, Instamart, continued to emerge as a major growth engine during the March quarter. The platform maintained strong expansion momentum even as competition intensified in India's rapidly evolving instant delivery market.

The company said it is adopting a calibrated and disciplined approach toward scaling Instamart, while continuing investments in dark stores, logistics infrastructure and customer acquisition.

According to management commentary, the next phase of quick commerce growth will depend increasingly on anticipating consumer needs rather than simply fulfilling orders quickly. Swiggy added that unit economics in the segment have continued to improve on a quarter-on-quarter basis and that it remains on track to achieve contribution margin breakeven in line with earlier guidance.

Focus on Operational Efficiency

Alongside growth, Swiggy continued to prioritise operational efficiency and profitability improvements during the quarter. Monthly contribution margins improved further as the company focused on cost optimisation and strengthening order economics across businesses.

Swiggy's Annual Loss Increases Despite Strong Q4 Performance

However, despite the improvement in quarterly performance, Swiggy's total consolidated loss for the full financial year FY26 widened to Rs 4,154 crore from Rs 3,117 crore in FY25. The increase was largely attributed to continued investments in expansion, technology capabilities and competitive intensity within the quick commerce segment.

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