{
  "id": 16058390,
  "title": "Swiggy's net loss drops nearly 16% to Rs 922 Cr in Q2, revenue rises 36%",
  "url": "https://urgent.news/2026/10/22/swiggys-net-loss-drops-nearly-16-to-rs-922-cr-in-q2-revenue-rises-36",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T13:50:58.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/10/swiggy-net-loss-drops-nearly-16-pc-to-rs-922-cr-in-q2"
  },
  "original_language": "en",
  "account": "Swiggy, a food and grocery delivery platform, experienced a 15.6% decrease in net loss from the previous year, reporting a loss of Rs 922 crore in Q2 FY27. The company's revenue increased by 36% to Rs 7,571 crore, compared to Rs 5,561 crore in the same quarter last year. Swiggy's MD & Group CEO, Sriharsha Majety, praised the food delivery business for achieving its highest-ever profits and margins while also expanding into new categories with Toing, a standalone offering for affordable meals.\n\nThe company's quick commerce business, Instamart, saw accelerated growth, with its net order value surging 31.4% YoY to Rs 6,954 crore. The darkstore network of Instamart expanded by 69 new stores, totaling 1,240 stores across 5.2 million sq ft during the quarter. Instamart's revenue grew to Rs 1,306 crore, up from Rs 980 crore in the previous year, but it recorded a loss of Rs 764 crore, compared to Rs 739 crore a year ago.\n\nMajety highlighted that this was a quarter of accelerated growth and clearer direction for Swiggy. The company shared its long-term aspiration to reach Rs 10,000 crore of adjusted EBITDA by FY31, with an estimated GOV of over Rs 2.5 lakh crore and margins around 4%. Majety emphasized that Swiggy's strategy focuses on curation rather than volume, aiming to enable consumers to buy better products.",
  "summary": "Losses at Instamart, Swiggy's quick commerce business, widened to Rs 764 crore, impacting the overall numbers of the company.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}