Swiggy Q2FY27: Food Delivery Adj. EBITDA ₹341 Cr, Revenue ₹7,909 Cr
Swiggy reported Q2FY27 revenue of ₹7,909 crore, up 33.8% YoY. Food Delivery GOV grew 17.7% to ₹10,054 crore with Adjusted EBITDA at ₹341 crore. Quick Commerce NOV rose 31.4% YoY to ₹6,954 crore. Out-of-Home Consumption grew 34.9% YoY.
The announcement details substantial revenue growth and improved profitability in key business segments, which are material financial indicators for investors and stakeholders.
The company reported strong year-on-year revenue growth and significant improvements in Adjusted EBITDA for its core Food Delivery business, alongside positive growth in other segments. The CEO's commentary highlights strong profitability and strategic progress.
Swiggy Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company reported an overall revenue growth of 33.8% year-on-year, reaching ₹7,909 crore.
The Food Delivery business demonstrated strong performance with Gross Order Value (GOV) growing 17.7% year-on-year to ₹10,054 crore. Monthly Transacting Users (MTUs) increased by 15.2% year-on-year to 19.8 million. The Adjusted EBITDA for this segment improved significantly, increasing by ₹101 crore year-on-year to ₹341 crore, with an Adjusted EBITDA margin of 3.4% of GOV, marking a 58 basis points improvement year-on-year.
Toing, Swiggy's standalone app for affordable meals, is showing promising results, with two out of three new users being new to the food delivery category. The success of Toing has the potential to boost combined Food Delivery marketplace growth to 25-30%.
In Quick Commerce, Net Order Value (NOV) grew 31.4% year-on-year and 13.4% quarter-on-quarter to ₹6,954 crore. Instamart expanded its network by adding 69 darkstores in the quarter, bringing the total to 1,240 stores. The contribution margin for Quick Commerce improved to -1.0% of GOV, an increase of 157 basis points year-on-year, though the segment posted an overall loss of ₹895 crore for the quarter. The Adjusted EBITDA margin for Quick Commerce improved to -9.7% from -9.8% in the previous quarter.
Out-of-Home Consumption reported a GOV growth of 34.9% year-on-year, reaching ₹1,508 crore, and achieved its seventh consecutive quarter of profitability with margins at 0.5% of GOV.
Sriharsha Majety, MD & Group CEO, Swiggy, commented, "Our Food delivery business delivered its highest ever profits and margins while we continue to unlock new category growth through Toing, our standalone offering for affordable meals. In quick commerce, we delivered accelerated growth as guided and obtained necessary approvals to qualify as an Indian owned and controlled company - an important milestone for the business with the transition underway."
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