Swiggy Posts Rs 791 Crore Net Loss in Q1

Consolidated revenue from operations rose 37 per cent year-on-year to Rs 6,812 crore, compared with Rs 4,961 crore a year earlier. Revenue also increased from Rs 6,383 crore reported in the preceding March quarter, driven primarily by sustained momentum in the quick-commerce business.

Operating performance improved during the quarter, with adjusted EBITDA loss narrowing to Rs 650 crore from Rs 945 crore in the year-ago period.

Swiggy continued to add users at a healthy pace. Average monthly transacting users (MTUs) increased 27.4 per cent year-on-year to 27.5 million. On a sequential basis, MTUs grew 9.2 per cent.

The food-delivery business remained resilient, with gross order value (GOV) rising 17.4 per cent year-on-year to Rs 9,490 crore. The segment added around 0.9 million monthly transacting users during the quarter, taking the total to 19.2 million, an increase of 18 per cent over the previous year.

Adjusted EBITDA for the food-delivery segment improved by Rs 100 crore year-on-year to Rs 292 crore. It slipped marginally by Rs 5 crore compared with the previous quarter. The segment’s adjusted EBITDA margin improved to 3.1 per cent of GOV, expanding 70 basis points year-on-year, although it declined 22 basis points sequentially.

The results reflect Swiggy’s dual focus on scaling its user base and dark-store infrastructure while working to improve unit economics across both food delivery and quick commerce. Management indicated that continued innovation in pricing and consumer offerings remains central to capturing a larger share of the market.