Swiggy Limited Reports Q1 FY27 Results: Consolidated Loss Narrows to ₹791 Crore as Revenue Surges 37% YoY to ₹6,812 Crore

Swiggy Limited has published its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). The food delivery and quick-commerce major demonstrated significant top-line expansion and improved operational margins, trimming its net loss year-on-year across consolidated operations while posting profitable standalone continuing performance.

Consolidated Financial Performance

On a consolidated basis, Swiggy reported a 33.92% year-on-year reduction in net loss, with the loss for the period narrowing to ₹791 crore in Q1 FY27 compared to a loss of ₹1,197 crore in the corresponding quarter of the previous fiscal year (Q1 FY26). Sequential net loss also showed steady improvement from ₹800 crore reported in Q4 FY26.

Total consolidated income grew 39.12% year-on-year to ₹7,023 crore in Q1 FY27, up from ₹5,048 crore recorded in Q1 FY26 and ₹6,649 crore in Q4 FY26.

Revenue from Operations: Surged 37.31% year-on-year to ₹6,812 crore in Q1 FY27, compared to ₹4,961 crore in Q1 FY26 and ₹6,383 crore in Q4 FY26.

Other Income: Reached ₹211 crore, up from ₹87 crore in Q1 FY26.

Total Expenses: Stood at ₹7,813 crore for the quarter, compared to ₹6,244 crore in Q1 FY26. Major cost drivers included purchases of stock-in-trade at ₹2,978 crore, delivery and related charges at ₹1,750 crore, advertising and sales promotion costs at ₹1,160 crore, and employee benefits expense at ₹662 crore.

Loss Before Tax (LBT): Reduced to ₹791 crore in Q1 FY27 from ₹1,197 crore in Q1 FY26.

Total Comprehensive Loss: Recorded at ₹792 crore for Q1 FY27, compared to ₹1,199 crore in the year-ago quarter.

Segmental Revenue & Performance Breakdown

Swiggy's segment revenue from operations (before inter-segment eliminations) across its key verticals performed as follows:

Supply Chain and Distribution: Generated ₹3,195 crore in revenue in Q1 FY27, up 41.43% year-on-year from ₹2,259 crore in Q1 FY26.

Food Delivery: Expanded 22.67% year-on-year to ₹2,208 crore in Q1 FY27 against ₹1,800 crore in Q1 FY26. The segment delivered a positive result of ₹299 crore for the quarter.

Quick-Commerce: Surged 52.85% year-on-year to ₹1,232 crore in Q1 FY27 from ₹806 crore in Q1 FY26.

Out of Home Consumption: Rose 63.64% year-on-year to ₹126 crore compared to ₹77 crore in Q1 FY26, yielding a segment profit of ₹14 crore.

Platform Innovations: Reached ₹51 crore in revenue, up from ₹20 crore in Q1 FY26.

Overall segment loss before corporate expenses, finance costs, and depreciation narrowed to ₹477 crore in Q1 FY27 from ₹689 crore in Q1 FY26.

Standalone Performance Overview

On a standalone basis, Swiggy's continuing operations turned profitable during the quarter:

Revenue from Operations (Continuing): Increased 30.33% year-on-year to ₹2,462 crore in Q1 FY27 from ₹1,889 crore in Q1 FY26.

Total Income (Continuing): Rose 40.75% year-on-year to ₹2,829 crore compared to ₹2,010 crore in Q1 FY26.

Profit Before Tax from Continuing Operations: Stood at ₹350 crore in Q1 FY27, marking a sharp recovery compared to ₹5 crore in Q1 FY26 and ₹266 crore in Q4 FY26.

Net Profit for the Period (Continuing): Reached ₹350 crore for Q1 FY27.

Total Standalone Comprehensive Income: Reported at ₹350 crore for the quarter, compared to a comprehensive loss of ₹993 crore in Q1 FY26.

Capital Structure & Per Share Metrics

Consolidated EPS: Basic and diluted loss per equity share for Q1 FY27 improved to ₹(2.96) (face value ₹1.00 per share), compared to ₹(5.04) in Q1 FY26 and ₹(3.34) in Q4 FY26.

Standalone EPS (Continuing Operations): Basic and diluted Earnings Per Share from continuing operations reached ₹1.31 per share for Q1 FY27, up from ₹0.02 in Q1 FY26.

Paid-Up Share Capital: Paid-up equity share capital stood at ₹262 crore (face value ₹1.00 per share).

"Food delivery economics continue to strengthen as we innovate across affordability and consumer propositions to broaden adoption and unlock the next 100 million users in the category. Out-of-home consumption remains a profitable, fast-growing part of our business, making meaningful progress. In quick commerce, we delivered contribution breakeven exactly as we guided a year ago- a milestone that marks a real inflection point for the business. As base-level assortment in quick commerce becomes increasingly commoditized, we believe our differentiated assortment strategy will be the engine for our next phase of growth, with further EBITDA improvement driven by scale-led efficiencies," said Sriharsha Majety, MD & Group CEO, Swiggy.

Key financial and operational highlights for the quarter:

Swiggy's Food Delivery business Gross Order Value (GOV) grew 17.4% YoY (+5.4% QoQ), to INR 9,490 crore. Normalised for restaurant driven cancellations (due to LPG supplies) during the initial part of Q1FY27, the like for like GOV growth would have been ~18% YoY. Food delivery MTUs grew 17.8% YoY to reach 19.2 million. Adjusted EBITDA improved by INR 100 Cr YoY to INR 292 Cr and 3.1% Adjusted EBITDA margin (+70bps YoY). Q1 also saw a seasonal impact on margins which will normalise through the year and annual hike during the quarter.

Toing (Standalone budget food delivery) expanded to 50 cities, with 2 out of 3 new users on Toing being new category users, enabling a substantial number of restaurant partners to achieve unprecedented economies of scale through high-volume demand. Out of Home (OOH) GOV grew 44.8% YoY (+22.8% QoQ) and Adjusted EBITDA margin improved to 0.9% of GOV.

Quick Commerce GOV grew 39.8% YoY to reach INR 7,907 crore. 28 darkstores were net added to take the total to 1,171 stores across 131 cities, covering 4.9 million sq ft (+14.6% YoY). Quick commerce hit break-even Contribution target in May'26 with an overall Contribution for the quarter at -0.2% of GOV (+165 bps QoQ) and Adjusted EBITDA margin improved to -9.8% from -10.9% in Q4FY26, with Quick Commerce posting an overall loss of INR 778 crore for the quarter.

Shares of Swiggy Limited was last trading in BSE at Rs. 295.80 as compared to the previous close of Rs. 287.20. The total number of shares traded during the day was 1773447 in over 11881 trades.

The stock hit an intraday high of Rs. 298.75 and intraday low of 281.40. The net turnover during the day was Rs. 514568254.00.

Source : Equity Bulls

Keywords

INE00H001014 Swiggy ERetail ECommerce Q1FY27 Q1FY2027 ResultUpdate