Food delivery and quick commerce company Swiggy reported a sharp rise in revenue for the financial year ending March 2026, driven by strong growth in its food delivery, supply chain and quick commerce businesses, although annual losses widened amid higher spending on expansion and operations.
The company’s consolidated revenue from operations rose 51% year-on-year to Rs 23,053 crore in FY26, up from Rs 15,227 crore in the previous year. Total income increased to Rs 23,561 crore.
Supply chain and distribution services remained the biggest contributor to revenue, generating Rs 10,935 crore during the year.
Food delivery brought in Rs 7,832 crore on a net revenue-from-operations basis, while quick commerce contributed Rs 3,859 crore. Revenue from out-of-home consumption stood at Rs 375 crore, with platform innovations adding Rs 52 crore.
Despite the growth in income, Swiggy’s consolidated loss widened to Rs 4,154 crore in FY26, compared with Rs 3,117 crore a year earlier, as expenses surged across advertising, employee costs and delivery operations.
Advertising and sales promotion expenses alone reached Rs 4,207 crore during the year, while finance costs rose to Rs 200 crore. Depreciation and amortisation expenses increased to Rs 1,217 crore.
In the fourth quarter of FY26, revenue from operations climbed 44.7% to Rs 6,383 crore from Rs 4,410 crore in the same period last year.
While its quarterly losses narrowed 26% to Rs 800 crore from Rs 1,081 crore in Q4 FY25, the company remained loss-making, though profitability trends improved as revenue growth outpaced expenses.
On the other hand, its supply chain and distribution segment remained the largest contributor to quarterly operating revenue, generating Rs 3,135 crore in Q4 FY26, up from Rs 2,004 crore a year earlier.
Food delivery revenue increased 27.4% to Rs 2,075 crore during the quarter, while quick commerce revenue jumped 53% to Rs 1,057 crore. Revenue from these smaller segments came from out-of-home consumption, including Dineout, and from platform innovation initiatives. Separately, Swiggy discussed Toing as part of its food delivery affordability initiatives.
The company also recorded Rs 266 crore as other income in the quarter, taking total income to Rs 6,649 crore.
Total quarterly expenses rose to Rs 7,448 crore from Rs 5,610 crore in the corresponding period last year, driven largely by procurement costs for FMCG products, employee benefits and operational spending linked to delivery and promotions.
Swiggy’s balance sheet strengthened during the year following fresh capital raising activity.
Total consolidated assets increased to Rs 25,237 crore as of 31 March 2026, compared with Rs 15,205 crore a year earlier. Cash and cash equivalents more than doubled to Rs 2,747 crore.
Financing activities generated a net cash inflow of Rs 9,397 crore during FY26, mainly due to Rs 10,000 crore raised through a Qualified Institutions Placement.
However, the company continued to burn cash in its operations. Net cash outflow from operating activities stood at Rs 2,898 crore during FY26, compared with Rs 2,169 crore in FY25.
On a standalone basis, Swiggy reported revenue from operations of Rs 8,258 crore, up from Rs 6,667 crore in the previous year.
The Bengaluru-based company posted a profit of Rs 416 crore from continuing operations, compared with a loss of Rs 201 crore in FY25. But losses from discontinued operations of Rs 3,835 crore resulted in an overall standalone loss of Rs 3,419 crore for the year.
Commenting on Swiggy’s Q4 FY26 results, Sriharsha Majety, MD & Group CEO, said, “Food delivery has grown at its strongest pace in nearly four years, crossing INR 1,000 Cr in annual adjusted EBITDA and defying scepticism around a sector slowdown, with meaningfully better margins than a year ago. Out of home continues to be a profitable and growing part of the business.”
“In quick commerce, the next phase will be defined by anticipating consumer needs, not merely fulfilling them. Unit economics continue to improve quarter on quarter, and we remain on track for contribution margin breakeven in line with our guidance. The strong balance sheet gives us room to be disciplined and deliberate as we enter FY27,” he added.
