Swiggy, India’s leading on-demand convenience platform, has announced a significant 45% increase in overall revenue, reaching ₹6,383 crore for the financial year ending March 31, 2026. The company also reported a reduction in losses by ₹281 crore year-on-year.
The food delivery segment of Swiggy experienced a 22.6% year-on-year growth in Gross Order Value (GOV), achieving a 15-quarter high. The adjusted EBITDA for food delivery rose by 39.8% to ₹297 crore, with a GOV of ₹9,005 crore. Monthly Transacting Users (MTUs) in this segment grew by 21% year-on-year, reaching 18.3 million.
Swiggy’s quick commerce platform, Instamart, also showed strong performance with a 68.8% year-on-year increase in GOV, amounting to ₹7,881 crore. The platform’s contribution margin improved by 65 basis points quarter-on-quarter to -1.8%, while the adjusted EBITDA loss stood at ₹858 crore. Instamart expanded its network by adding seven new darkstores, bringing the total to 1,143 stores across 129 cities.
The Out-of-Home Consumption segment marked its first full year of profitability, with a 43% year-on-year growth in GOV and adjusted EBITDA margins of 0.8% of GOV. Platform MTUs for Swiggy as a whole increased by 27.2% year-on-year to 25.2 million.
Sriharsha Majety, Managing Director and Group CEO of Swiggy, highlighted the strong growth in food delivery and the profitability of the Out-of-Home segment. He emphasised the company’s focus on improving unit economics and contribution margins as it enters the next financial year.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).