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Swiggy Q2 FY27 loss narrows 16% YoY to ₹922 cr as revenue climbs 36%

The food‑delivery platform cut its net loss despite higher expenses, while its Instamart grocery arm posted revenue growth but deeper segment losses.

OSH Desk1 min read

Swiggy reported a consolidated net loss of ₹922 cr for the second quarter of FY27, a 16% improvement over the same period a year earlier [1]. The company’s operating revenue surged 36% YoY to ₹7,571 cr, while total expenses climbed 30% YoY to ₹8,703 cr, narrowing the loss despite higher spending [1].

Instamart, Swiggy’s quick‑commerce grocery arm, generated ₹1,306 cr in revenue during the quarter, up 6% from the previous quarter’s ₹1,232 cr, but its segment loss grew to ₹764 cr from ₹651 cr in Q1 FY27, indicating rising cost pressures [1]. Overall, the firm recorded total income of ₹7,783 cr for the quarter [1].

The mixed picture shows Swiggy’s ability to grow top‑line volume while still wrestling with expense growth, especially in its Instamart operation. The narrowing YoY loss suggests improving capital efficiency, yet the QoQ widening of loss and higher costs hint at challenges ahead.

Questions and answers

What drove the 36% revenue increase?

Higher order volumes across Swiggy’s food‑delivery platform and continued expansion of Instamart contributed to the revenue jump, as reflected in the ₹7,571 cr figure [1].

Why did the net loss narrow YoY despite rising expenses?

Revenue grew faster than expenses, allowing the consolidated loss to fall 16% YoY even though total costs rose 30% YoY [1].

How is Instamart performing financially?

Instamart’s revenue rose 6% QoQ to ₹1,306 cr, but its segment loss widened to ₹764 cr, showing that growth is being offset by higher operating costs [1].

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Sources

  1. 1.Swiggy Q2: Loss Narrows 16% YoY To ₹922 Cr, Revenue Jumps 36% — Inc42, Oct 22, 2026

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