Mumbai: Food delivery and quick commerce major Swiggy on Thursday reported a wider consolidated net loss of Rs 1,065 crore for the third quarter (Q3) of FY26, compared to a loss of Rs 799 crore in the same period last year (Q3 FY25).
Despite the year-on-year increase in losses, the company delivered robust revenue growth, largely supported by its food delivery and quick commerce segments.
Revenue from operations surged 54 per cent year-on-year to Rs 6,148 crore in Q3 FY26, up from Rs 3,993 crore in the corresponding quarter of the previous financial year, according to Swiggy’s stock exchange filing.
On a quarter-on-quarter basis, revenue rose 11 per cent from Rs 5,561 crore recorded in the July–September quarter (Q2 FY26).
Sequentially, Swiggy’s net loss narrowed slightly from Rs 1,092 crore in Q2 FY26, as per regulatory disclosures.
At the operating level, the company reported an EBITDA loss of Rs 782 crore during the quarter, compared to an EBITDA loss of Rs 725 crore in Q3 FY25.
Swiggy’s core food delivery business continued its steady expansion, with revenue increasing to Rs 2,041 crore from Rs 1,637 crore a year earlier. Gross order value for the segment grew 20.5 per cent year-on-year, while adjusted EBITDA improved significantly to Rs 272 crore—about 1.5 times higher than last year.
During the quarter, Instamart added 37 dark stores, taking Swiggy’s total dark store count to 1,136 across 131 cities, spanning a total operational area of 4.8 million square feet.
The company’s supply chain and distribution business also posted strong growth, with revenue rising to Rs 2,981 crore from Rs 1,693 crore in the year-ago quarter.
In the stock market, Swiggy shares gave up all intraday gains in the final minutes of Thursday’s trading session ahead of the earnings announcement and closed nearly flat at Rs 323.85. The stock is currently trading around 17 per cent below its IPO price of Rs 390.
With inputs from IANS