Restaurant India News: Zomato, Swiggy Hikes Platform fee by Rs.12 & Rs. 15

Food delivery giant Zomato has increased its platform fee on delivery orders to Rs.12 from Rs.10, excluding GST, just when the festive season is around the corner, when demand typically rises.

The platform fee, introduced in 2023, is a per-order charge levied in addition to food and delivery costs. Both players have revised it multiple times over the past year to offset margin pressures amid slowing food delivery growth. Last year, both companies have been raising these few multiple times to balance the margins, combating with the slowing growth in the online food delivery market.

Zomato's Q1 FY26 results for the quarter ended June 30, 2025, show a 71% year-on-year increase in consolidated revenue to Rs. 7,167 crores, up from Rs. 4,206 crores in Q1 FY25. This growth reflects strong expansion across multiple business verticals, including food delivery, quick commerce through Blinkit, B2B supplies via Hyperpure, and it's Going Out entertainment segment.

However, Zomato's net profit declined sharply to Rs. 25 crores, down 90% from Rs. 253 crores in the same period last year. The company attributes this to heavy investment in Blinkit's rapid dark store expansion and other growth initiatives. Blinkit posted a larger EBITDA loss of Rs. 162 crores in Q1 FY26, higher than the previous year.

Swiggy's Q1 FY26 results showed a strong revenue growth of 54% year-on-year to Rs. 4,961 crores, but the net loss widened sharply to Rs. 1,197 crores, nearly doubling from Rs. 611 crore the previous year. The adjusted EBITDA loss also more than doubled to Rs. 813 crore, Food delivery revenue grew 20% to Rs. 1,800 crores with a profitable segment EBIT of around Rs. 202 crores.

Both companies are doubling down on quick commerce, Zomato through Blinkit and Swiggy via Instamart, even as food delivery growth moderates. But their duopoly could soon be tested by Rapido’s new food delivery arm, Ownly, which recently launched in Bengaluru.