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Swiggy Q2FY27 results: Net loss narrows to ₹922 cr, revenue rises 36%
Sentiment: NeutralHigh Priority
What Happened?
Swiggy reported a consolidated net loss of ₹922 crore for Q2 FY27, down from ₹1,092 crore a year ago, with revenue rising 36.1% to ₹7,571 crore.
Key points
- Total expenses increased to ₹8,703 crore from ₹6,711 crore year-on-year.
- Gross order value for food delivery grew 17.7% to ₹10,054 crore.
- Adjusted EBITDA for food delivery rose to ₹341 crore with a margin of 3.4%.
- Instamart's net order value grew 31.4% year-on-year to ₹6,954 crore.
- Instamart reported a loss of ₹895 crore for the quarter.
Key insights
- Swiggy's food delivery segment shows strong profitability, which may attract more investors.
- Instamart's growth could indicate a rising demand for quick commerce solutions.
- The company's focus on differentiation may help it maintain a competitive edge.
Why it matters
The results indicate Swiggy's ongoing efforts to improve profitability in a competitive market.
Tags
Entities
Swiggy· CompanyInstamart· CompanySriharsha Majety· Person
Source
Business Standard
