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Swiggy FY26 loss widens to Rs 4,154 crore despite growth
Supply chain and food delivery businesses lift overall revenue
BENGALURU: Swiggy Limited has reported a 51 per cent surge in annual revenue, driven by massive growth in its supply chain and grocery delivery divisions, even as heavy investment in the “quick commerce” sector widened its overall losses. The Bengaluru based company revealed that its consolidated revenue from operations reached Rs 23,053 crore for the financial year ending 31 March 2026, up from Rs 15,227 crore the previous year.
While revenue climbed significantly, the group’s net loss for the year grew to Rs 4,154 crore, compared to a loss of Rs 3,117 crore in the prior period. A primary driver of this deficit was the Instamart division, operated under Swiggy Instamart Private Limited, which recorded a segment loss of Rs 3,063 crore as the company fought for market share in the rapid grocery delivery space.
In contrast, the core food delivery business remained a steady performer, posting a segment profit of Rs 1,041 crore on revenue of Rs 7,832 crore. The “supply chain and distribution” arm emerged as the company’s largest revenue generator, contributing Rs 10,935 crore to the total turnover.
The financial year was also marked by a major exit from the ride hailing sector. Swiggy Limited completed the sale of its entire stake in Roppen Transportation Services Private Limited, popularly known as Rapido, for Rs 2,399 crore. This divestment resulted in a gain of Rs 1,350 crore, which was recorded under other comprehensive income.
During the period, the company successfully transitioned to a public entity, listing its shares on both the BSE Limited and the National Stock Exchange of India Limited. To support its ambitious expansion plans, the firm raised Rs 10,000 crore through a fresh issue of equity shares.
Despite the high costs associated with its platform innovations and grocery push, Swiggy ended the year with a significantly bolstered cash position of Rs 2,747 crore, up from Rs 1,231 crore. With its successful market debut and the offloading of non core assets like Rapido, the company appears focused on scaling its delivery infrastructure to meet rising consumer demand across India.
