Swiggy posts Rs 4,961 Cr revenue in Q1 FY26, losses soar 96%

Swiggy has reported a significant widening of its losses to ₹1,197 crore in Q1 FY26, up 96% year-on-year. Despite this, the company's operating revenue soared by 54% to ₹4,961 crore, driven by growth in its core food delivery business and quick commerce (Instamart). The increase in losses is attributed to rising operating costs, particularly in delivery, advertising, and logistics, as the company invests heavily in scaling its quick commerce vertical and other new initiatives.