Swiggy narrows Q1 losses as revenue surges 37%, Instamart growth slows

The Indian delivery giant's push for profitability is taking hold, with adjusted EBITDA losses contracting sharply even as its quick-commerce unit faces headwinds.

By Handelsavisen Newsroom · Automated 2026-07-30 15:02 UTC · 1 min read

Swiggy Ltd reported a significant improvement in its financial trajectory for the first quarter of fiscal 2027, narrowing its adjusted EBITDA loss to ₹651 crore from ₹813 crore in the same period last year.

The Mumbai-based platform, which operates one of India's largest food and quick-commerce delivery networks, posted a 37% year-on-year increase in revenue, signaling strong top-line momentum despite a strategic pivot toward cost discipline.

The results highlight a deliberate shift in the company's operational focus.

While overall revenue expanded robustly, growth in Swiggy's Instamart quick-commerce segment decelerated.

Management has explicitly prioritized profitability over rapid scale in this high-subsidy business line, a move that is beginning to reflect in the bottom line.

The consolidated net loss for the quarter stood at ₹791 crore, a marked improvement from the ₹1,197 crore loss recorded in the corresponding period of the previous fiscal year.