| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 6.1K | 10.6% | 54.0% |
| Total Income | 6.2K | 11.1% | 52.5% |
| Expenditure | 7.3K | 8.8% | 49.0% |
| PBT | -1.1K | 2.5% | 33.2% |
| Net Profit | -1.1K | 2.5% | 33.3% |
| OPM | -12.88% | 1.47pp | 14.20pp |
| NPM | -17.06% | 2.37pp | 2.45pp |
| EPS | 4.36 | 5.0% | 225.3% |
Swiggy's Food Delivery Grows 20.5% YoY, Quick-Commerce Surges Above 100% YoY
29 Jan 2026 · 29 Jan, 4:02 pm
Summary
Swiggy reported results for the quarter and nine months ended December 31, 2025. The Food Delivery business Gross Order Value (GOV) growth accelerated to 20.5% YoY, to INR 8,959 crore. Food delivery MTUs grew 22% YoY to reach 18.1mn. Instamart GOV grew by 103% YoY, clocking INR 7,938 crore. 34 darkstores were added selectively to take the overall network to 1136 darkstores.
Key Highlights
- 1
Swiggy’s Food Delivery growth accelerates with GOV up 20.5% YoY
- 2
Instamart GOV growth rose to 103% YoY led by a 40% YoY jump on AOV
- 3
Adjusted EBITDA Margin improved to 3.0% of GOV
- 4
34 darkstores were added selectively to take the overall network to 1136 darkstores
Management Comments
Sriharsha Majety
Swiggy continues to accelerate user growth and gross order value in food delivery, defying broader scepticism around a sector slowdown while significantly improving our operating margins.
Informational and educational content only. Not investment advice.