Swiggy reported strong growth in the fourth quarter of FY26 as its food delivery and quick commerce businesses continued to expand. The company posted revenue of ₹6,383 crore in Q4 FY26, up 44.7% compared to the same quarter last year. Swiggy also reduced its quarterly loss to ₹800 crore from ₹1,081 crore a year ago.
For the full FY26 financial year, Swiggy’s revenue grew 51% to ₹23,053 crore. However, higher spending on expansion and operations increased its annual loss to ₹4,154 crore. The company ended March 2026 with a cash balance of ₹15,053 crore.
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Food Delivery Business Continues to Grow
Swiggy’s food delivery business remained its biggest strength during the quarter. Gross Order Value (GOV) from food delivery increased 22.6% year-on-year to ₹9,005 crore in Q4 FY26. This segment also stayed profitable and crossed ₹1,000 crore in annual adjusted EBITDA.
The platform’s monthly transacting users grew 21% to 18.3 million. Swiggy also expanded its 10-minute food delivery service “Bolt” to more than 700 cities. The service now contributes around 10–12% of total food orders on the platform.
Apart from this, the company launched a “No Added Sugar” menu with more than 1.5 lakh food items across 10 cities to attract health-conscious customers.
Instamart Expands Rapidly Across India
Swiggy Instamart continued to be the company’s fastest-growing segment. Its Q4 GOV rose 68.8% year-on-year to ₹7,881 crore. Swiggy expanded Instamart to 1,143 dark stores across 129 cities and increased its focus on larger stores and non-grocery products like electronics, toys, and home appliances.
Even though Instamart reported an adjusted EBITDA loss of ₹858 crore in Q4, the company said its unit economics are improving steadily. Swiggy expects the business to move closer to profitability over the next few quarters.
Swiggy Focuses on Expansion and Competition
Swiggy has also restructured Instamart into a separate subsidiary to improve operational flexibility and support future fundraising plans. The company recently sold its stake in Rapido for nearly ₹2,400 crore and raised ₹10,000 crore through a Qualified Institutional Placement (QIP).
Meanwhile, Zomato remains ahead in both food delivery and quick commerce. Still, analysts believe Swiggy has strong long-term growth potential as its quick commerce business grows and operational efficiency improves further.