Foodtech major Swiggy reported a consolidated net loss of ₹922 Cr in the September quarter of FY27, narrowing 16% from ₹1,092 Cr in the year-ago quarter. However, its loss widened 17% from ₹791 Cr in Q1 FY27.
Operating revenue rose 36% YoY and 11% QoQ to ₹7,571 Cr.
Including other income of ₹212 Cr, Swiggy’s total income stood at ₹7,783 Cr during the quarter under review. Total expenses increased 30% YoY and 11% QoQ to ₹8,703 Cr.
While revenue growth outpaced the increase in expenses on an annual basis, higher losses in quick commerce and its newer businesses weighed on Swiggy’s sequential performance.
Swiggy’s quick commerce business Instamart reported revenue of ₹1,306 Cr in Q2 FY27, up 33% from ₹980 Cr a year earlier and 6% from ₹1,232 Cr in the preceding quarter.
However, its segment loss widened to ₹764 Cr from ₹739 Cr in Q2 FY26 and ₹651 Cr in Q1 FY27.
(The story will be updated soon)
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