Swiggy Q2 FY27: B2C GOV up 24.6%, Revenue up 33.8%

Swiggy Ltd's Q2 FY27 Shareholders' Letter reveals significant growth across its businesses. B2C Gross Order Value (GOV) increased by 24.6% year-on-year to INR 20,793 Cr, while Consolidated Adjusted Revenue grew by 33.8% to INR 7,909 Cr. Quick commerce saw accelerated growth, with GOV reaching INR 6,594 Cr and orders up 29.3% YoY. Food delivery GOV grew 17.7% YoY to INR 10,054 Cr, achieving a record Adjusted EBITDA of INR 341 Cr at a 3.4% margin. Out-of-Home Consumption GOV rose 34.9% YoY to INR 1,508 Cr. A key development was shareholder approval for a cap on foreign shareholding at 49.5%, enabling Swiggy to qualify as an Indian Owned and Controlled entity, expected to yield a net margin benefit of 80 bps. The company also advanced sustainability initiatives, facilitating over 50,000 delivery partners in filing Income Tax Returns and accelerating EV adoption.