Swiggy reported a consolidated net loss of Rs 791 crore for the first quarter of FY27, reducing its loss by about 34% from Rs 1,197 crore in the same quarter a year earlier. Revenue from operations rose more than 37% year-on-year to Rs 6,812 crore for the April-June quarter, compared with Rs 4,961 crore in the year-ago period. Total income increased more than 39% year-on-year to Rs 7,023 crore, while total expenses rose more than 25% to Rs 7,813 crore.
The quarter was closely watched because it covered Swiggy’s food delivery business and its quick-commerce unit Instamart at a time when India’s listed consumer internet companies are being judged more sharply on operating discipline. Swiggy’s food delivery revenue grew 23% year-on-year to Rs 2,208 crore. Gross order value in food delivery rose more than 17% to Rs 9,490 crore, while monthly transacting users increased around 18% to 1.92 crore.
Instamart delivered one of the quarter’s central operational markers. The quick-commerce business reported revenue from operations of Rs 1,232 crore, up nearly 53% year-on-year. Its gross order value rose nearly 40% to Rs 7,907 crore. The unit’s contribution margin improved by 440 basis points to 0.2%, and the company said Instamart achieved contribution breakeven in May 2026, in line with guidance it had given a year earlier. The unit still reported a Rs 778 crore loss, reflecting continued investment in fulfilment, assortment, marketing and customer experience.
The company added 28 dark stores during the quarter, taking Instamart’s network to 1,171 stores across 131 cities. The quick-commerce business now spans 4.9 million square feet of retail space, up nearly 15% year-on-year. Swiggy said contribution margins for Instamart are expected to remain in the zero to negative 100 basis point range for the next couple of quarters as the company calibrates growth and investment choices.
Swiggy also expanded Toing, its standalone budget food-delivery platform, to 50 cities. The company said two out of every three new Toing users were first-time category users. Its out-of-home business maintained momentum, with gross order value rising 44.8% year-on-year. Management said the company’s food delivery position remains durable, even as Flipkart prepares to pilot food delivery in India, and pointed to speed, selection and affordability as the framework for defending category share.
