Bengaluru: India’s Swiggy reported a 34 percent narrower quarterly loss on July 30, driven by resilient demand for food delivery and improved performance at its quick commerce business, Instamart, which reached contribution break-even during the quarter.
The Bengaluru-based company posted a consolidated net loss of 7.91 billion rupees for the April-June 2026 quarter, compared with a net loss of 11.97 billion rupees a year earlier.
Swiggy’s consolidated revenue rose to 68.12 billion rupees, exceeding analysts’ estimates of 65.21 billion rupees, as growth in its food delivery business and Instamart continued to support overall performance.
India’s food delivery sector has remained resilient despite a challenging consumer spending environment, with platforms such as Swiggy benefiting from customers placing orders more frequently. The company has also increased revenue through advertising services and platform fees, helping offset higher operating costs.
A key milestone for Swiggy during the quarter was Instamart achieving contribution break-even, indicating that the quick commerce business covered its direct operating costs before accounting for corporate overheads.
Instamart’s adjusted EBITDA margin improved to negative 9.8 percent during the June quarter from negative 10.9 percent in the previous quarter, reflecting continued progress toward profitability as the company expanded its rapid grocery delivery operations.
The results highlight the growing importance of India’s quick commerce market, where companies are investing heavily to meet rising consumer demand for deliveries within minutes. Swiggy has continued to expand Instamart’s product selection and delivery network while competing with rivals in one of the country’s fastest-growing digital retail segments.
Swiggy’s stronger-than-expected revenue and narrowing losses suggest the company is benefiting from steady demand for online food delivery alongside improving economics in its quick commerce business, even as competition remains intense across the sector.
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