Swiggy revenue rises to ₹6,148 cr in Dec quarter as losses widen 33%

December-quarter revenue surged across food delivery and logistics, though aggressive spending on quick commerce widened losses year-on-year

Delivery platform Swiggy’s consolidated net loss widened by 33 per cent to ₹1,065 crore in the December quarter (Q3 FY26), compared with a loss of ₹799 crore a year earlier, as expenses outpaced revenue growth.

 

Total costs rose to ₹7,298 crore, reflecting higher delivery charges, advertising spend and continued investments in Instamart, the company’s fast-growing quick commerce business.

 

However, the Bengaluru-based food and grocery delivery firm reported a rise in revenue in Q3 FY26, showcasing the scale it has built across food delivery and logistics. It reported consolidated revenue from operations of ₹6,148 crore, up 54 per cent from ₹3,993 crore a year earlier, driven by order volumes and an expanding supply-chain business. Total income stood at ₹6,244 crore.

 

 

Quick commerce was the biggest drag on profitability. The segment posted a loss of ₹791 crore in Q3 FY26, even as revenue increased to ₹1,016 crore, highlighting the capital-intensive nature of rapid grocery delivery. Swiggy’s core food delivery business made a profit of ₹282 crore, up 46 per cent from ₹193 crore the previous year.

 

For the nine months ended December, Swiggy’s revenue reached ₹16,670 crore, compared to ₹10,817 crore in the same period last year. Net losses widened to ₹3,354 crore from ₹2,036 crore. The company said advertising and sales promotion expenses totalled ₹3,183 crore over the nine-month period, reflecting an aggressive push to defend market share across categories.

 

Sriharsha Majety, managing director and group chief executive officer of Swiggy, said the firm is getting more users and improving gross order value in food delivery.

 

“In quick commerce, where we believe we are only a quarter of the way through the opportunity, we are deepening wallet penetration and expanding differentiated assortment across categories to strengthen engagement and order value,” he said in a statement.

 

Swiggy’s rival Zomato reported a profit of ₹102 crore in Q3 FY26, up 73 per cent from the previous year. Its revenue rose more than 200 per cent to ₹16,315 crore.

 

● Food delivery GOV grew 20.5 per cent year-on-year; adjusted EBITDA up 1.5 times year-on-year to ₹272 crore

 

● Instamart GOV growth rose to 103 per cent year-on-year, led by a 40 per cent year-on-year jump in average order value; contribution margins improved by about nine basis points quarter-on-quarter to minus 2.5 per cent, while adjusted EBITDA loss stood at ₹908 crore

 

● Out-of-home consumption segment continued its profitable trajectory with 49 per cent year-on-year GOV growth, and adjusted EBITDA margins rose to 0.7 per cent of GOV

 

● Platform’s average MTUs increased 37 per cent year-on-year to reach 24.3 million, with more than 36 per cent of all users utilising more than one service on the platform