India’s food and grocery delivery giant Swiggy reported a net loss of Rs 1,197 crore for the quarter ending June 30, 2025, nearly doubling from the Rs 611 crore loss it posted during the same period last year. The widening deficit reflects a sharp increase in operating costs across its business verticals, according to the company's latest regulatory filing.
Compared to the March 2025 quarter, where the company had logged a Rs 1,081 crore loss, the financial gap has grown further, signalling operational inefficiencies or aggressive investment strategies in a hyper-competitive market.
Despite the losses, Swiggy’s revenue from operations rose by 54 percent year-on-year, reaching Rs 4,961 crore in the April-June quarter, up from Rs 3,222 crore in the same quarter of FY25. On a quarter-on-quarter basis, the company recorded a 12.5 percent increase in revenue from Rs 4,410 crore in Q4 FY25. This boost was supported by consistent growth in both its food delivery and quick commerce segments.
When accounting for other income of Rs 87 crore, Swiggy’s total income stood at Rs 5,048 crore, compared to Rs 3,310 crore a year earlier and Rs 4,531 crore in the previous quarter.
However, the growth in topline failed to offset the surge in costs. Total expenses soared to Rs 6,244 crore in Q1 FY26—up from Rs 3,908 crore in Q1 FY25 and Rs 5,610 crore in Q4 FY25—suggesting continued pressure on margins due to marketing, logistics, delivery infrastructure, and talent acquisition.
No tax expenses or exceptional items were reported for the quarter. Swiggy had posted a consolidated loss of Rs 3,117 crore for the full financial year ending March 2025, and this latest quarterly result places further strain on its path to profitability.
In stark contrast, Zomato, Swiggy’s closest rival in the Indian food delivery ecosystem, reported a net profit of Rs 175 crore in Q1 FY26, reflecting a growing divergence in performance between the two platforms.
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