Swiggy Q2 results: loss narrows 15.6%, revenue rises 36%
Swiggy Q2 results show narrower loss and higher revenue
Food and grocery delivery platform Swiggy narrowed its net loss by 15.6% year on year in the second quarter of FY27, while revenue rose 36% during the same period. The company reported a loss of Rs 922 crore, compared with Rs 1,092 crore in the same period a year ago, while revenue increased to Rs 7,571 crore from Rs 5,561 crore.
What Swiggy does
Swiggy operates food and grocery delivery services. Its quick commerce business, Instamart, reported revenue of Rs 1,306 crore in the quarter, up from Rs 980 crore in the corresponding year-ago period, while Swiggy’s food delivery business recorded a gross order value of Rs 10,054 crore, a 17.7% year-on-year increase.
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Why the numbers matter
The improvement in Swiggy’s net loss was accompanied by higher losses at Instamart. The quick commerce business reported a loss of Rs 764 crore, compared with Rs 739 crore a year ago, thus impacting the company’s overall numbers.
Adjusted EBITDA for the quarter was Rs 341 crore, an improvement of Rs 101 crore over the last one year. Swiggy’s rival Eternal reported a 92% rise in net profit to Rs 125 crore and revenue growth of 78% to Rs 24,138 crore.
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