Swiggy reported consolidated revenue from operations of ₹61.48 billion in Q3, alongside a net loss of ₹10.65 billion. Despite the setback, the food delivery giant reaffirmed its guidance of 18–20% YoY growth in food delivery and remains confident of achieving contribution breakeven by Q1 FY27.
Swiggy’s Q3 Performance: Growth Amid Losses
Swiggy, one of India’s leading food delivery platforms, announced its Q3 results, reflecting strong revenue growth but continued losses. The company emphasized its long-term strategy, maintaining guidance for growth and profitability despite near-term challenges.
Key Highlights:
-
Revenue from Operations: ₹61.48 billion in Q3 FY26
-
Net Loss: ₹10.65 billion, highlighting ongoing investments and competitive pressures
-
Growth Guidance: Maintains 18–20% YoY growth in food delivery Gross Order Value (GOV)
-
Profitability Outlook: Confident of achieving contribution breakeven by Q1 FY27
-
Strategic Focus: Continued emphasis on scaling food delivery, improving efficiency, and strengthening customer loyalty
Swiggy’s management reiterated that while losses persist, the company’s growth trajectory remains intact. The reaffirmation of breakeven guidance signals confidence in operational improvements and market expansion.
Sources: Reuters, Economic Times, Moneycontrol