Swiggy reported a consolidated net loss of ₹791 crore for the first quarter of fiscal 2027, a marked improvement from the ₹1,197 crore loss recorded in the same period last year.
The Mumbai-based platform, which operates as a subsidiary of Zomato, demonstrated accelerating scale in its core operations during the April-June quarter.
Revenue for the period jumped 54% year-on-year to ₹6,812 crore, up from ₹4,961 crore in Q1 FY26.
Revenue for the period jumped 54% year-on-year to ₹6,812 crore, up from ₹4,961 crore in Q1 FY26.
The top-line expansion was primarily fueled by robust growth in the quick-commerce segment, which continues to be a key driver of volume and engagement for the company.
This surge in sales helped offset operating costs, contributing to the significant narrowing of the bottom-line deficit.
The results highlight the intensifying competition in India’s digital delivery market, where scale and speed are critical differentiators.