Swiggy's Revenue Growth Accelerates as Losses Continue to Shrink
Swiggy's Q1 FY27 revenue jumped 37% year-on-year, while its net loss improved by a third, signaling a steady path toward profitability.
Swiggy posted strong revenue growth of 37.3% YoY in Q1 FY27, continuing its top-line momentum. Its net loss narrowed significantly, improving the net profit margin by 12.5 percentage points.
Swiggy delivered robust revenue growth in the first quarter of FY27, but the food delivery giant remains in the red. The company's top line surged 37.3% year-on-year, while its net loss narrowed by a third, indicating continued progress on its path to profitability.
The quarter saw revenue climb to ₹6,812 crore, up 6.7% sequentially from the previous quarter. The net loss stood at ₹791 crore, a slight improvement from the ₹800 crore loss in Q4 FY26. This consistent reduction in losses over the past year has significantly improved the company's net profit margin, which rose to -11.6% from -24.1% a year ago—a gain of 12.5 percentage points.
A look at the last five quarters shows a clear trend of expanding revenue alongside shrinking losses.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period Ended | June 2026 | March 2026 | June 2025 |
| Revenue (₹ Cr) | 6,812YoY +37% | 6,383 | 4,961 |
| Profit (₹ Cr) | -791YoY +34% | -800 | -1,197 |
| Net Profit Margin (%) | -11.6YoY +52% | -12.5 | -24.1 |
Key Points
- The trailing-twelve-month (TTM) revenue stands at ₹24,904 crore, with a TTM net profit margin of -15.0%.
- For the full financial year FY26, Swiggy reported an annual net loss of ₹4,154 crore on revenue of ₹23,053 crore.
- The company maintains a strong balance sheet with minimal debt, reflected in a debt-to-equity ratio of 0.01.
Despite the improving operational metrics, the stock has faced headwinds, declining 30.6% over the past year. The focus now shifts to whether Swiggy can sustain its revenue momentum and translate it into further meaningful reductions in its quarterly losses.
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· SWIGGY
(BSE)
ISIN: INE00H001014
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