Highlights
Swiggy Reports Significant Revenue Growth
Swiggy, a key player in the foodtech and quick commerce sectors, has announced a remarkable 54% increase in operating revenue, reaching Rs 6,148 crore during Q3 FY26, up from Rs 3,993 crore in Q3 FY25. Despite this impressive growth, the losses for the Bengaluru-based company also escalated during this period.
Revenue Contributions from Scootsy Logistics
Scootsy Logistics has played a vital role in this success, contributing 48% of Swiggy’s overall operating revenue. The income generated by this segment surged by 76% year-on-year, rising to Rs 2,981 crore in Q3 FY26 from Rs 1,693 crore in the same quarter of the previous year.
Food Delivery and Other Business Segments
Swiggy’s food delivery service remains a substantial contributor, making up 33% of total revenue in Q3 FY26. The income from this business sector saw a 25% growth, climbing to Rs 2,039 crore from Rs 1,635 crore in Q3 FY25. Furthermore, the quick commerce sector also demonstrated impressive growth, with revenue increasing by 76% to Rs 1,016 crore in Q3 FY26, compared to Rs 577 crore in Q3 FY25.
Overall Revenue and Expenses
Including revenue from Swiggy’s Dine Out, Genie, Swiggy Mini, and other non-operating sources, the total revenue reached Rs 6,244 crore in Q3 FY26. On the expenditure side, the procurement of FMCG products for the supply chain accounted for 38% of total costs, which increased by 76% to Rs 2,746 crore. Delivery charges rose by 36%, amounting to Rs 1,533 crore in Q3 FY26. Swiggy allocated Rs 673 crore towards employee benefits and Rs 1,108 crore for advertising.
Financial Losses and Future Capital Increase
Overall, Swiggy’s total expenses for the quarter surged by 49%, reaching Rs 7,298 crore, up from Rs 4,898 crore in Q3 FY25. The company’s losses rose by 33%, amounting to Rs 1,065 crore in Q3 FY26 compared to Rs 803 crore in Q3 FY25. Over the nine-month period, the accumulated loss for the company stood at Rs 3,354 crore.
Last month, Swiggy received approval from shareholders to raise up to Rs 10,000 crore through a Qualified Institutional Placement (QIP). This capital influx is expected to strengthen Swiggy’s primary food delivery and quick commerce segment, Instamart.
Swiggy’s Market Performance
At the close of trading on Thursday, Swiggy shares were valued at Rs 324, with a total market capitalisation of Rs 89,392 crore. In a related sector, Zomato’s parent company, Eternal, reported a threefold increase in revenue from operations, reaching Rs 16,315 crore in Q3 FY26, compared to Rs 5,405 crore in Q3 FY25. Additionally, the profit after tax for the Gurugram-based firm rose to Rs 102 crore during Q3 FY26.
