| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 6.4K | 3.8% | 44.7% |
| Total Income | 6.6K | 6.5% | 46.8% |
| Expenditure | 7.4K | 2.1% | 32.8% |
| PBT | -799.00 | 24.9% | 25.9% |
| Net Profit | -800.00 | 24.9% | 26.0% |
| OPM | -10.92% | 1.96pp | 10.89pp |
| NPM | -12.03% | 5.03pp | 11.83pp |
| EPS | 3.34 | 23.4% | 27.4% |
Swiggy's Food Delivery GOV Up 22.6% YoY; Revenue Surges 45%
08 May 2026 · 8 May, 3:59 pm
Summary
Swiggy reported strong financial results for the quarter and financial year ended March 31, 2026. For FY26, overall revenue surged by 45% to ₹6,383 crore, with the company successfully narrowing its losses by ₹281 crore year-over-year. The Food Delivery business demonstrated robust performance, achieving an annual Adjusted EBITDA of ₹1,000 crore and a 22.6% year-over-year GOV growth for the full year, with Q4 GOV reaching ₹9,005 crore. Instamart also showed significant expansion, with Q4 GOV growing 68.8% year-over-year to ₹7,881 crore and improving contribution margins. Management highlighted the strongest pace of growth in food delivery in nearly four years, first-time profitability for out-of-home consumption, and continued unit economics improvement in quick commerce, with a disciplined approach for FY27.
Key Highlights
- 1
Overall revenue for Swiggy surged by 45% year-over-year to ₹6,383 crore for the financial year ended March 31, 2026.
- 2
The company successfully narrowed its losses by ₹281 crore year-over-year in FY26.
- 3
Swiggy's Food Delivery business achieved an annual Adjusted EBITDA of ₹1,000 crore, with its Gross Order Value (GOV) growing by 22.6% year-over-year in FY26.
- 4
In Q4 FY26, Food Delivery GOV accelerated to ₹9,005 crore, demonstrating a 22.6% year-over-year increase, and its Adjusted EBITDA Margin improved to a lifetime high of 3.3% of GOV.
- 5
Instamart's Gross Order Value (GOV) grew by 68.8% year-over-year to ₹7,881 crore in Q4 FY26, with contribution margins improving by 65 basis points quarter-over-quarter to -1.8%.
- 6
Out-of-Home Consumption achieved its first full year of profitability in FY26, marked by 43% year-over-year GOV growth and Adjusted EBITDA margins of 0.8% of GOV.
- 7
The Quick Commerce segment (Instamart) recorded an Adjusted EBITDA loss of ₹858 crore for Q4 FY26, while its average order value grew 32.8% year-over-year to ₹700.
Management Comments
Sriharsha Majety
Food delivery has grown at its strongest pace in nearly four years, crossing INR 1,000 Cr in annual adjusted EBITDA and defying scepticism around a sector slowdown, with meaningfully better margins than a year ago. Out of home continues to be a profitable and growing part of the business.
Sriharsha Majety
In quick commerce, the next phase will be defined by anticipating consumer needs, not merely fulfilling them. Unit economics continue to improve quarter on quarter, and we remain on track for contribution margin breakeven in line with our guidance. The strong balance sheet gives us room to be disciplined and deliberate as we enter FY27.
Informational and educational content only. Not investment advice.