Swiggy's net loss drops nearly 16% to Rs 922 Cr in Q2, revenue rises 36%
Indian delivery platform Swiggy reported improved financial performance in Q2 FY27, cutting net losses to Rs 922 crore from Rs 1,092 crore year-on-year while growing revenue to Rs 7,571 crore. The food delivery business achieved record profitability and margins. Quick-commerce unit Instamart expanded aggressively, adding 69 darkstores to reach 1,240 locations, and grew net order value 31.4% YoY to Rs 6,954 crore.
Key points
- Net loss declined 15.6% YoY to Rs 922 Cr
- Revenue grew 36% to Rs 7,571 Cr
- Instamart expanded to 1,240 darkstores with 31.4% YoY growth
- Obtained Indian-owned company qualification
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