TECH NEWS

Swiggy Q2: Food EBITDA Hits ₹341 Cr, Instamart Loss ₹895 Cr

Swiggy's food delivery business is generating record operating profits, but its quick-commerce expansion continues to weigh on the company's overall financial performance.

The Bengaluru-based company reported a consolidated net loss of ₹922 crore in Q2 FY27, compared with ₹1,092 crore in the year-ago quarter. While the loss narrowed 15.6% year-on-year, it widened from ₹791 crore in the preceding quarter.

Revenue from operations rose 36.1% year-on-year to ₹7,571 crore, while consolidated adjusted revenue increased 33.8% to ₹7,909 crore.

The contrasting performance of Swiggy's two major businesses stood out. Food delivery reported its highest-ever adjusted EBITDA of ₹341 crore, while quick-commerce platform Instamart recorded an adjusted EBITDA loss of ₹895 crore as the company stepped up investments in customer acquisition, pricing and store expansion.

The results reveal Swiggy's central challenge: sustaining profitability in its established food delivery business while building a larger quick-commerce operation in an increasingly competitive market.

Food Delivery Hits...

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Winter running essentials kit list: gadgets and clothing to keep you protected and warm in the cold and dark

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Nacon announces the Revolution Pro X – Special Edition, a new Hell Is Us-inspired Xbox controller offering 'joystick tension adjustment, Hall Effect sensors, and micro-switch combine technologies'

Godzilla-Themed Laptop Packs Ryzen AI Firepower And Dorsal Fins In Its Touchpad

Samsung's Certified Re-Newed Galaxy Phones Come to Amazon, Start at $489

Winter running essentials kit list: gadgets and clothing to keep you protected and warm in the cold and dark