Swiggy Q2 Net Loss Narrows 16% to ₹922 Crore as Revenue Jumps

22 Oct 2026, 3:57 pm · 3h ago · 1 min read · Inc42New

Foodtech major Swiggy reported a consolidated net loss of ₹922 crore for the second quarter, narrowing 16% from ₹1,092 crore a year earlier. Operating revenue surged 36% year-on-year to ₹7,571 crore, with total income reaching ₹7,783 crore including other income. However, sequential losses widened 17% from ₹791 crore in the prior quarter, driven by higher spending in quick commerce. Instamart reported revenue of ₹1,306 crore, up 33% year-on-year, but its segment loss widened to ₹764 crore from ₹739 crore last year. Total quarterly expenses increased 30% annually to reach ₹8,703 crore amid aggressive market competition.