Swiggy Q3FY26 results: Net loss widens to ₹1,065 crore, revenue up 54%
Swiggy's quick commerce GOV rose 103.2% Y-o-Y to ₹7,938 cr while its average order value increased about 40 per cent to ₹746
 "Swiggy Q3FY26 results: Net loss widens to ₹1,065 crore, revenue up 54%")
Food delivery platform Swiggy on Thursday reported a consolidated net loss of ₹1,065 crore in the third quarter of the financial year 2025-26 (Q3FY26), up from a ₹799 crore loss during the same quarter last year. On a sequential basis, however, losses narrowed from ₹1,092 crore in Q2FY26.
The company's revenue from operations jumped 53.9 per cent year-on-year (Y-o-Y) to ₹6,149 crore from ₹3,993 crore in Q3FY25. Sequentially, revenue increased 10.6 per cent from ₹5,561 crore.
The platform reported a 36.8 per cent Y-o-Y rise in average monthly transacting users (MTU) to 24.3 million, with a 5.9 per cent increase sequentially. B2C adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) margin fell 16 basis points (bps) Y-o-Y to -3.5 per cent, but improved 15 basis points (bps) sequentially, the company said in a BSE filing.
Swiggy said its food delivery segment witnessed a gross order value (GOV) growth of 20.5 per cent Y-o-Y to ₹8,959 crore, while monthly transacting users (MTU) rose 22 per cent to 18.1 million. In quick commerce (Instamart), GOV rose 103.2 per cent Y-o-Y to ₹7,938 crore, while average order value increased about 40 per cent to ₹746, the company said. It further stated that it has added 34 darkstores during the quarter, taking the total to 1,136, while contribution margin improved 208 basis points to -2.5 per cent.
In a letter to shareholders, Swiggy stated that over the past four quarters of heightened competition, the company has moved some amount of consumer-facing investments around the Profit & Loss to fulfil key business objectives that lead to longer-term structural improvements.
"However, amidst irrational competition, our recent investments into lower consumer-side monetisation have not yielded the desired incremental order-growth, especially at the bottom of the Average Order Value (AOV)-pyramid; and are being reviewed," it stated.
Shares of Swiggy closed 1.1 per cent higher at ₹327.40 apiece on the BSE on Thursday, ahead of its results.