India's Swiggy Ltd announced on Thursday, July 30, 2026, a 34% narrower quarterly loss for the April-June period, supported by robust demand in its food delivery segment and a contribution break-even from its quick commerce arm, Instamart.
The company reported a consolidated net loss of 7.91 billion rupees ($82.67 million) for the quarter, an improvement from a net loss of 11.97 billion rupees in the same period last year. This result was slightly worse than analysts' average expectation of a 7.2 billion rupees loss, according to LSEG data.
Swiggy's consolidated revenue reached 68.12 billion rupees, surpassing analysts' estimates of 65.21 billion rupees. Growth was primarily driven by revenue from food delivery and Instamart.
Instamart's adjusted EBITDA margin improved to negative 9.8% in the June quarter, up from negative 10.9% in the previous quarter, indicating progress toward profitability.
Despite a challenging consumer spending environment, the Indian food delivery sector remains resilient, with Swiggy benefiting from increased order frequency and higher revenue from advertisements and platform fees.
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