Swiggy Ltd

Despite the loss, the company recorded strong top-line growth, with revenue from operations rising 53.96% year-on-year (YoY) to Rs 6,148 crore in the quarter ended 31 December 2025. Total expenses climbed 48.99% YoY to Rs 7,298 crore in Q3 FY26, compared with Rs 4,898 crore in Q3 FY25. Advertising and sales promotion expenses surged 47.53% YoY to Rs 1,108 crore, while delivery and related charges increased 36.02% YoY to Rs 1,533 crore. Employee benefit expenses stood at Rs 673 crore (up 2.43% YoY) and finance costs climbed 111.53% YoY to Rs 55 crore during the quarter. The company's pre-tax loss also stood at Rs 1,065 crore in Q3 FY26, against a pre-tax loss of Rs 799 crore in Q3 FY25. Swiggy said its Food Delivery business saw an acceleration in growth, with gross order value (GOV) rising 20.5% year-on-year to Rs 8,959 crore. Monthly transacting users (MTUs) increased 22% YoY to 18.1 million. Adjusted EBITDA margin improved to 3.0% of GOV, up 56 basis points YoY and 22 bps sequentially, the highest in the last two years, reflecting stronger user engagement through new use cases and improved affordability without compromising growth or profitability. Instamart's GOV more than doubled, rising 103% YoY to Rs 7,938 crore. The company added 34 dark stores during the quarter, taking the total network to 1,136 stores across 131 cities, covering 4.8 million sq ft. Average order value rose 39.7% YoY to Rs 746, driven by traction in the Maxxsaver basket-building proposition and expansion of non-grocery categories. Contribution margin improved to -2.5% sequentially, aided by larger basket sizes, optimisation of customer incentives and operating leverage. Overall, the quick commerce business reported a loss of Rs 908 crore for the quarter, while adjusted EBITDA margin improved to -11.4% from -12.1% in Q2. Sriharsha Majety, MD & Group CEO of Swiggy, said, 'the company continues to accelerate user growth and gross order value in food delivery, defying broader concerns of a sector slowdown, while significantly improving operating margins. He said the quick commerce opportunity remains in its early stages, with Swiggy focused on deepening wallet share and expanding differentiated assortments to drive engagement and order values. Majety added that the successful qualified institutional placement has strengthened the balance sheet and provides long-term capital to support sustained investments in growth and innovation, with the company maintaining a disciplined approach to capital allocation as it works towards contribution margin breakeven.' Swiggy is India's pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 6.9 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2.7 lakh restaurants across 720+ cities.Powered by Capital Market - Live

Despite the loss, the company recorded strong top-line growth, with revenue from operations rising 53.96% year-on-year (YoY) to Rs 6,148 crore in the quarter ended 31 December 2025. Total expenses climbed 48.99% YoY to Rs 7,298 crore in Q3 FY26, compared with Rs 4,898 crore in Q3 FY25. Advertising and sales promotion expenses surged 47.53% YoY to Rs 1,108 crore, while delivery and related charges increased 36.02% YoY to Rs 1,533 crore. Employee benefit expenses stood at Rs 673 crore (up 2.43% YoY) and finance costs climbed 111.53% YoY to Rs 55 crore during the quarter. The company's pre-tax loss also stood at Rs 1,065 crore in Q3 FY26, against a pre-tax loss of Rs 799 crore in Q3 FY25. Swiggy said its Food Delivery business saw an acceleration in growth, with gross order value (GOV) rising 20.5% year-on-year to Rs 8,959 crore. Monthly transacting users (MTUs) increased 22% YoY to 18.1 million. Adjusted EBITDA margin improved to 3.0% of GOV, up 56 basis points YoY and 22 bps sequentially, the highest in the last two years, reflecting stronger user engagement through new use cases and improved affordability without compromising growth or profitability. Instamart's GOV more than doubled, rising 103% YoY to Rs 7,938 crore. The company added 34 dark stores during the quarter, taking the total network to 1,136 stores across 131 cities, covering 4.8 million sq ft. Average order value rose 39.7% YoY to Rs 746, driven by traction in the Maxxsaver basket-building proposition and expansion of non-grocery categories. Contribution margin improved to -2.5% sequentially, aided by larger basket sizes, optimisation of customer incentives and operating leverage. Overall, the quick commerce business reported a loss of Rs 908 crore for the quarter, while adjusted EBITDA margin improved to -11.4% from -12.1% in Q2. Sriharsha Majety, MD & Group CEO of Swiggy, said, 'the company continues to accelerate user growth and gross order value in food delivery, defying broader concerns of a sector slowdown, while significantly improving operating margins. He said the quick commerce opportunity remains in its early stages, with Swiggy focused on deepening wallet share and expanding differentiated assortments to drive engagement and order values. Majety added that the successful qualified institutional placement has strengthened the balance sheet and provides long-term capital to support sustained investments in growth and innovation, with the company maintaining a disciplined approach to capital allocation as it works towards contribution margin breakeven.' Swiggy is India's pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 6.9 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2.7 lakh restaurants across 720+ cities. Shares of Swiggy rose 1.17% to end at Rs 327.40 on the BSE. Powered by Capital Market - Live

Net Loss of Swiggy reported to Rs 1065.00 crore in the quarter ended December 2025 as against net loss of Rs 799.00 crore during the previous quarter ended December 2024. Sales rose 54.01% to Rs 6148.00 crore in the quarter ended December 2025 as against Rs 3992.00 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales6148.003992.00 54 OPM %-12.74-18.19 - PBDT-742.00-649.00 -14 PBT-1055.00-803.00 -31 NP-1065.00-799.00 -33 Powered by Capital Market - Live

Swiggy will hold a meeting of the Board of Directors of the Company on 29 January 2026.Powered by Capital Market - Live

Swiggy has allotted 26,66,66,663 equity shares to eligible qualified institutional buyers at an issue price of Rs 375 per equity share (including a premium of Rs 374.00 per equity share), which includes a discount of 3.97% of the floor price of Rs 390.51 per equity share (amounting to Rs 15.51 per equity share), as determined in terms of the SEBI ICDR Regulations), aggregating to Rs 9,999.99 crore, pursuant to the Issue. The Issue opened on 09 December 2025 and closed on 12 December 2025. Pursuant to the allotment of equity shares in the Issue, the paid- up equity share capital of the Company stands increased from Rs 2,49,36,46,892 comprising of 2,49,36,46,892 equity shares of Re 1 each to Rs 2,76,03,13,555 comprising of 2,76,03,13,555 equity shares of Re 1 each. Powered by Capital Market - Live

The company's board authorized and declared the opening of the issue on Tuesday, 9 December 2025. The floor price of Rs 390.51 is at a discount of 1.87% to the scrip's previous closing price of Rs 397.95 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book running lead managers appointed for the issue. Swiggy is India's pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 6.9 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2.6 lakh restaurants across 720+ cities. The company reported a consolidated net loss of Rs 1,092 crore in Q2 FY26, widening from a net loss of Rs 626 crore in Q2 FY25. Despite the loss, the company recorded strong top-line growth, with revenue from operations rising 54.42% year-on-year (YoY) to Rs 5,561 crore in the quarter ended 30 September 2025. Shares of Swiggy rose 0.82% to Rs 401.20 on the BSE.Powered by Capital Market - Live

Swiggy announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 8 December 2025.Powered by Capital Market - Live

Swiggy will hold a meeting of the Board of Directors of the Company on 7 November 2025.Powered by Capital Market - Live

Net Loss of Swiggy reported to Rs 1092.00 crore in the quarter ended September 2025 as against net loss of Rs 626.00 crore during the previous quarter ended September 2024. Sales rose 54.43% to Rs 5561.00 crore in the quarter ended September 2025 as against Rs 3601.00 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales5561.003601.00 54 OPM %-14.37-15.38 - PBDT-788.00-492.00 -60 PBT-1092.00-623.00 -75 NP-1092.00-626.00 -74 Powered by Capital Market - Live

Despite the loss, the company recorded strong top-line growth, with revenue from operations rising 54.42% year-on-year (YoY) to Rs 5,561 crore in the quarter ended 30 September 2025. Total expenses climbed 55.74% YoY to Rs 6,711 crore, compared with Rs 4,309 crore in Q2 FY25. Advertising and sales promotion expenses surged 93.48% YoY to Rs 1,039 crore, while delivery and related charges increased 30.22% YoY to Rs 1,426 crore. Employee benefit expenses stood at Rs 690 crore (up 13.67% YoY) and finance costs climbed 108.69% YoY to Rs 48 crore during the quarter. The company's pre-tax loss also stood at Rs 1,092 crore in Q2 FY26, against a pre-tax loss of Rs 626 crore in Q2 FY25. Swiggy's Food Delivery business continued to perform well, with Gross Order Value (GOV) growing 18.8% YoY to Rs 8,542 crore. Food delivery monthly transacting users (MTUs) rose by over 0.9 million quarter-on-quarter, delivering a 17% YoY growth. The Adjusted EBITDA margin improved to 2.8% of GOV (up 125 bps YoY and 44 bps QoQ), demonstrating that efforts to increase users' interactions with the platform through new use-cases and optimum affordability are gaining traction; without sacrificing platform growth or profitability. Instamart, the company's quick commerce vertical, reported GOV growth of 108% YoY (and 24.2% QoQ) to Rs 7,022 crore. Swiggy added 40 new dark stores, taking its total network to 1,102 dark stores across 128 cities, covering 4.6 million sq. ft. of space. The average order value (AOV) increased 39.7% YoY to Rs 697, driven by continued traction from Maxxsaver, its basket-building proposition, and expansion into non-grocery categories. The company said that, in an industry first, Instamart successfully completed the inaugural Quick Commerce sale called the 'Quick India Movement,' showcasing over 30,000 SKUs to the majority of consumers. The contribution margin improved to -2.6% (+202 bps QoQ) on the back of expanded basket sizes, optimization of customer incentives, and operating leverage. Overall, the Quick Commerce segment posted a loss of Rs 849 crore for the quarter, while the adjusted EBITDA margin improved to -12.1% from -15.8% in Q1. Sriharsha Majety, MD & Group CEO, Swiggy, said 'Swiggy's Food delivery business delivered another quarter of robust growth and improved profitability, with the double digit YoY order growth at the highest in 2 years. This was led by acceleration in user-growth on the back of new propositions like Bolt, 99-Store, Deskeats and Health-focused curations; all aimed at covering the entire breadth of user expectations. Instamart made giant strides in catering to all purchase-missions through Maxxsaver (grocery) and Quick India movement (non-grocery), driving up AOV 40% YoY. A ~200 bps QoQ Contribution margin improvement showcases our commitment to drive scale-led, sustainable and profitable growth in Quick-commerce, led by best-in-class speed and selection. Meanwhile, the company's board of directors is scheduled to meet on 7 November 2025 to consider and approve the raising of funds up to Rs 10,000 crore through public or private offerings, including one or more qualified institutional placements (QIPs) or other permitted modes under applicable laws, in one or more tranches, subject to requisite shareholder and regulatory approvals. Swiggy is India's pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 6.9 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2.6 lakh restaurants across 720+ cities. The counter shed 0.20% to settled at Rs 418.10 on the BSE. Powered by Capital Market - Live