Quarterly ResultsCreated 10 August 20261 min read

Swiggy's Revenue Momentum Continues as Losses Shrink

Swiggy's Q1 FY27 revenue jumped 37% year-on-year, while its net loss improved significantly, reflecting a stronger top line and better cost control.

By Vinayak Gandhi, CFA

Swiggy reported robust revenue growth of 37.3% YoY in Q1 FY27, reaching ₹6,812 crore. The company's net loss narrowed to ₹791 crore, a marked improvement from the ₹1,197 crore loss a year ago.

Swiggy's first-quarter results for FY27 highlight a company in transition, delivering impressive revenue growth while steadily reducing its losses. The food delivery leader posted a 37.3% year-on-year jump in revenue, but the more compelling story is the significant improvement in its bottom line, with losses shrinking for the fourth consecutive quarter.

The company's revenue for the quarter ended June 2026 stood at ₹6,812 crore, up 6.7% from the previous quarter. Meanwhile, the net loss narrowed to ₹791 crore, a 33.9% improvement compared to the ₹1,197 crore loss in Q1 FY26. This consistent progress is reflected in a dramatically better net profit margin, which improved by 1,250 basis points year-on-year to -11.6%.

A look at the recent quarterly trend shows a clear path of operational improvement.

Revenue (₹ Cr)

Profit (₹ Cr)

Net Profit Margin (%)

Metric	CurrentQ1 FY27	PreviousQ4 FY26	Same quarter LYQ1 FY26
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%, showing the full-year picture is also improving.
The company maintains a strong balance sheet with minimal debt, indicated by a debt-to-equity ratio of 0.01.
The stock closed at ₹289.9 on the results date, having declined 24.8% over the past year, a trend that contrasts with the improving operational metrics.

While still reporting a loss, Swiggy's latest numbers suggest its focus on scaling revenue and controlling costs is gaining traction, setting a foundation for a potential path to profitability.

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· SWIGGY

(BSE)

ISIN: INE00H001014

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