Swiggy Reports 34% Revenue Growth in Q1 FY27; Instamart Reaches Contribution Break-Even

BY ADMIN • FILED 30 Jul 2026, 4:07 PM

Swiggy Limited (NSE: SWIGGY, BSE: 544285) has announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), reporting strong revenue growth driven by continued momentum in food delivery and quick commerce.

The company recorded a 34% year-on-year (YoY) increase in revenue, while its quick commerce business Instamart achieved a key milestone by reaching contribution break-even during the quarter.

Key Financial Highlights (Q1 FY27)

Revenue from Operations: ₹7,112 crore, up 34.0% YoY.
Monthly Transacting Users (MTUs): 27.5 million, up 27.4% YoY.

Food Delivery Business

Swiggy’s food delivery segment continued to deliver profitable growth.

Gross Order Value (GOV): ₹9,490 crore, up 17.4% YoY.
Food Delivery MTUs: 19.2 million, up 17.8% YoY.
Adjusted EBITDA: ₹292 crore, an increase of ₹100 crore compared with the previous year.
Adjusted EBITDA Margin: 3.1% of GOV.

The company said improved operating efficiencies and higher order volumes supported profitability in the food delivery business.

Instamart Continues to Improve Profitability

Swiggy’s quick commerce business, Instamart, maintained strong growth during the quarter.

Gross Order Value (GOV): ₹7,907 crore, up 39.8% YoY.
Contribution Margin: Improved by 440 basis points (bps) year-on-year to -0.2%.
Contribution Break-Even: Achieved in May 2026.
Adjusted EBITDA Loss: Reduced by ₹80 crore quarter-on-quarter (QoQ).
Adjusted EBITDA Loss for the Segment: ₹778 crore.

The company said the improvement reflects better operating leverage, higher order density, and continued efficiency gains.

Out-of-Home Consumption Business

Swiggy’s dining and out-of-home business also delivered strong growth.

Gross Order Value (GOV): Increased 44.8% YoY.
Adjusted EBITDA Margin: 0.9% of GOV, while remaining profitable.

Expanding Delivery Network

During the quarter, Swiggy continued to strengthen its quick commerce infrastructure.

New Dark Stores Added: 28
Total Dark Stores: 1,171
Cities Covered: 131
Total Warehouse Space: Approximately 4.9 million square feet

The company also expanded its value-focused food delivery offering, Bolt, to 50 cities during the quarter.

Management Commentary

Commenting on the results, Sriharsha Majety, Managing Director and Group CEO of Swiggy Limited, said the food delivery business continues to strengthen its profitability, while Instamart’s contribution break-even marks an important milestone in the company’s quick commerce journey.

He added that Swiggy will continue to focus on expanding product assortment, improving operational efficiency, and leveraging scale to drive further margin improvement across its businesses.