Swiggy Q1 Results 2025: Adjusted Revenue Jumps 53% Amidst Rising Losses

Swiggy Q1 results declared that the consolidated loss increased to ₹1,197 crores in the Q1 FY26 from ₹611 crores in the Q1 FY25. On the results date, 31st July 2025, Swiggy share price closed with a rise of 0.67% at ₹403.75.

In this blog, we’ll get into the details of Swiggy quarterly results, including its revenue, EBITDA, and segment performance.

Swiggy Q1 Results FY26: Revenue and EBITDA

Swiggy consolidated adjusted revenue increased by 52.66% YoY to ₹5,308 crores in Q1 FY26 from ₹3,477 crores in Q1 FY25. The adjusted EBITDA came out negative and also increased sharply by over 133% to ₹813 crores in the Q1 FY26, while the closing cash balance rose by 10.85% to ₹5,354 crores.

Swiggy’s losses increased by a whopping 95.91% to ₹1,197 crores in the June quarter. Its biggest rival, Zomato earned a net profit of ₹25 crores, which was down by 90% YoY as declared in the Eternal Q1 results.

Highlighting its performance, Swiggy share price has generated over 27% returns in the last 3 months.

Swiggy Q1 Results FY26: Segment-Wise Performance

1. Swiggy Platform:

Swiggy reported strong performance across its platform in the June quarter. The platform’s average monthly transacting users (MTUs) grew by 35.2% YoY to 2.16 crores, marking a 9.0% increase quarter-on-quarter (QoQ).

Consolidated adjusted revenue saw a robust 52.7% YoY growth, reaching ₹5,308 crores, with a 12.5% rise QoQ. However, the B2C adjusted EBITDA margin declined by 204 basis points YoY to -4.7%, though it improved slightly by 12 bps QoQ.

2. Food Delivery Segment:

In the food delivery segment, gross order value (GOV) rose by 18.8% YoY to ₹8,086 crores as mentioned in the Swiggy Q1 results letter. The company added 12 lakhs MTUs, bringing the total to 1.63 crores, marking the highest quarterly MTU addition in the past two years.

Adjusted EBITDA for the segment declined by 9.6% QoQ to ₹192 crores, with an adjusted EBITDA margin of 2.4% of GOV, reflecting a YoY improvement of 152 bps but a QoQ decline of 52 bps.

3. Quick Commerce:

Swiggy’s quick-commerce business showed even stronger momentum, with GOV more than doubling, up 107.6% YoY and 21.1% QoQ to ₹5,655 crores. The segment also added 12 lakhs MTUs (up 12% QoQ).

The company expanded its quick-commerce infrastructure by adding 41 new dark stores, increasing total active dark store area to 4.3 million square feet, an increase of 158.7% YoY and 8.2% QoQ.

The average dark store size also grew to over 4,000 sq ft. Average order value in quick-commerce rose 25.6% YoY to ₹612, driven by broader non-grocery selection and larger basket sizes across customer cohorts.

Contribution margin improved by 97 bps to -4.6%, aligning with the company’s guidance, while the adjusted EBITDA margin improved significantly by 213 bps QoQ to -15.8%.

Swiggy Q1 Results: Management Commentary

Sriharsha Majety, MD & Group CEO, Swiggy, said, “Swiggy’s Food delivery business continues to deliver robust growth, while innovating to create new customer propositions which can open up the market further. Bolt and 99-store are efforts to ensure that we keep challenging the status quo, and help our restaurant partners garner new users and incremental consumption. Instamart witnessed a massive leap in AOV led by assortment expansion and Maxxsaver adoption. Focus has been on agile and calibrated network expansion; and improving wallet-share by increasing basket-size which is one of the prime determinants of long-term profitability. We have moved past the Mar-25 peak of losses in Quick-commerce, but amidst significant competition we will modulate investments to ensure that we drive the business towards scale-led profitability.”

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