Synopsis
Swiggy Q4 Results: Online food delivery platform Swiggy narrowed its losses to Rs 800 crore in the fourth quarter of FY26, compared with Rs 1081 crore in the same quarter of last year.Revenue from operations increased 45% YoY to Rs 6,383 crore.
The company's food delivery business posted its strongest growth in 15 quarters, with gross order value rising 23% YoY to Rs 9,005 crore. Food delivery monthly transacting users grew 21% YoY to 18.3 million. Adjusted EBITDA for the food delivery business rose 40% to Rs 297 crore, while adjusted EBITDA margin improved to 3.3% of GOV, up 41 basis points YoY and 26 basis points QoQ.
Instamart, Swiggy's quick commerce arm, reported 68.8% YoY growth in GOV to Rs 7,881 crore. The company added seven dark stores during the quarter, taking the total network to 1,143 stores across 129 cities, covering 4.8 million sq ft. Average order value rose 32.8% YoY to Rs 700, supported by a higher non-grocery mix and larger basket sizes.
Instamart's contribution margin improved 65 basis points sequentially to negative 1.8%, while monthly contribution margin improved further to negative 1.1% in March 2026. Adjusted EBITDA margin improved to negative 11% from negative 11.4% in Q3, while the quick commerce business posted an adjusted EBITDA loss of Rs 858 crore for the quarter.
Swiggy's out-of-home consumption business reported 43% YoY GOV growth and delivered its first full year of profitability in FY26, with adjusted EBITDA margin at 0.8% of GOV. Platform monthly transacting users rose 27% YoY to 25.2 million.
Commenting on the results, Sriharsha Majety, MD and Group CEO, said food delivery had grown at its strongest pace in nearly four years and crossed Rs 1,000 crore in annual adjusted EBITDA.
"In quick commerce, the next phase will be defined by anticipating consumer needs, not merely fulfilling them. Unit economics continue to improve quarter on quarter, and we remain on track for contribution margin breakeven in line with our guidance," he said.
