Bengaluru | August 2, 2025 – Swiggy, one of India’s leading food delivery platforms, reported a net loss of ₹1,197 crore for Q1 FY26, up from ₹886 crore in the same quarter last year. Despite a strong 54% YoY growth in revenue to ₹3,444 crore, the company continues to face pressure on profitability.
Performance Snapshot
According to the Prosus report, Swiggy’s core food delivery business contributed ₹2,202 crore in revenue growing 17% YoY. Meanwhile, Instamart, Swiggy’s quick commerce arm, saw robust growth with revenue touching ₹1,242 crore, nearly 2x from ₹623 crore last year.
What’s Driving the Losses?
While revenue growth was strong, operating costs especially from marketing and expanding its quick commerce vertical significantly outweighed gains. Prosus attributed part of the loss to increased investments in customer acquisition and delivery infrastructure.
Delivery vs Quick Commerce
Instamart continues to be the growth engine, but it’s also a margin-heavy play. In contrast, Swiggy’s restaurant delivery arm, while more mature, grew at a slower pace. The platform completed 587 million orders in the quarter, compared to Zomato’s 743 million indicating a tightening race.
IPO on the Horizon?
Swiggy’s IPO plans, reportedly set for FY26, might face delays or valuation pressure due to its ballooning losses. The company’s ability to stabilize quick commerce while defending its food delivery market share will be crucial in the coming quarters.
Final Take
Swiggy is betting big on convenience and scale. But as the IPO clock ticks, the question remains can it turn growth into profits fast enough to satisfy public markets?
Follow StartupStoryIndia.com for real startup numbers, founder strategies, and the business behind the buzz.
