Swiggy's Q2 loss narrows to ₹922 crore from ₹1,092 crore; revenue rises 36%

What happened

• Swiggy reported a consolidated net loss of ₹922 crore for the September 2026 quarter against ₹1,092 crore a year earlier, Upstox and Free Press Journal reported. Upstox put the June-quarter loss at ₹791 crore, so the loss widened from the previous quarter.
• Revenue from operations rose 36.14% to ₹7,571 crore from ₹5,561 crore. Free Press Journal gave total expenses as ₹8,703 crore against ₹6,711 crore, and a first-half loss of ₹1,713 crore against ₹2,289 crore.
• Upstox reported Instamart's gross order value at ₹9,230 crore, up 31.4%, and food delivery's at ₹10,054 crore, up 17.7%. It gave an adjusted EBITDA loss of ₹760 crore for the group and 27.8 million average monthly transacting users, up 21%. Kotak Neo's headline said the Instamart loss widened.
• Free Press Journal timed its report at 4:01 PM and Upstox at 4:48 PM, after the 3:30 PM close. The shares closed at ₹210 against ₹223.65 on Kite data, a fall of 6.10% by my calculation, before the numbers were out. Friday is the first session in which they can trade on them.

Why it matters

Good to know: Gross order value is the total value of what customers order through the app. It is not Swiggy's revenue; Swiggy's revenue from operations was ₹7,571 crore, while Instamart's order value alone was ₹9,230 crore.

Key facts

Net loss

₹922 crore (₹1,092 crore a year earlier; ₹791 crore in June quarter)

Revenue from operations

₹7,571 crore (₹5,561 crore), up 36.14%

Instamart gross order value

₹9,230 crore, up 31.4%

Food delivery gross order value

₹10,054 crore, up 17.7%

First-half loss

₹1,713 crore (₹2,289 crore)

Read the source

• Swiggy Q2 results: Loss narrows YoY to ₹922 crore, revenue surges 36%; check numbersUpstox
• Swiggy Reports Q2 FY27 Consolidated Loss Of ₹922 Crore, Revenue Surges Past ₹7,500 CroreFree Press Journal
• Swiggy Q2 Results: Loss Narrows To ₹922 Crore As Revenue Jumps 36%; Instamart Loss WidensKotak Neo