Results · Commerce & Consumer Brands

Swiggy reports Q4 results with rising revenue but persistent losses

What they do

Swiggy operates food delivery and instant grocery services across India

The company posted Rs 6,383 crore in operating revenue for Q4FY26

Instamart growth slowed causing stock to fall despite overall revenue gains

Investors reacted negatively to a sequential dip in Instamart gross order value.
The stock price fell approximately 7% following the results announcement.
Market concerns focused on the slowing growth momentum in the quick commerce segment.

Swiggy runs a large-scale food delivery marketplace connecting restaurants and customers.
Instamart provides instant grocery delivery through a network of dark stores.
The company operates over 1,143 active dark stores for Instamart deliveries.
Instamart store utilization has dropped to 40% from 50% in the prior year.
Food delivery gross order value reached Rs 9,005 crore in the quarter.
The food delivery business maintains an adjusted EBITDA margin of 3.3%.
Contribution margins for food delivery remain steady at 7.8%.
The company targets medium-term gross order value growth of 18-20% annually.
Instamart aims for Rs 1 lakh crore net order value with 4-5% margins.

Swiggy targets 18-20% annual growth in food delivery gross order value.
The company aims for Rs 1 lakh crore net order value in Instamart long-term.
Instamart plans to achieve 4-5% EBITDA margins in the medium term.