Swiggy Q2 FY27: Food Delivery Adjusted EBITDA INR 341 Cr, Overall Revenue INR 7,909 Cr
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 22 Oct 2026, 04:05 PM IST · BSE ID: 33cbcef5-6f6e-4a8f-80ff-668c06545eaf
View Original BSE Filing (PDF)
💡
In Simple Terms
Swiggy reported strong revenue growth and increased profits in its food delivery business for the latest quarter.
🤖 AI Summary
- Overall revenue for Q2 FY27 increased 33.8% YoY to INR 7,909 Cr.
- Swiggy Food Delivery Gross Order Value (GOV) grew 17.7% YoY to INR 10,054 Cr.
- Food Delivery Adjusted EBITDA reached INR 341 Cr, an increase of INR 101 Cr YoY.
- Quick Commerce Net Order Value (NOV) grew 31.4% YoY to INR 6,954 Cr.
- Instamart expanded by adding 69 darkstores in the quarter, totaling 1,240 stores.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Overall revenue
INR 7,909 Cr
33.8%
Food Delivery GOV
INR 10,054 Cr
17.7%
Food Delivery Adjusted EBITDA
INR 341 Cr
Quick Commerce NOV
INR 6,954 Cr
31.4%
Quick Commerce Quarterly Loss
INR 895 Cr
Instamart darkstores total
1,240 stores
🏢 How This Affects the Company
The company's core Food Delivery business achieved its highest-ever profits and margins, strengthening its position in the segment. The expansion of Instamart darkstores reflects a focus on scaling the Quick Commerce offering.
Food Delivery Adjusted EBITDA improved by INR 101 Cr YoY to INR 341 Cr, indicating enhanced profitability in that segment. Quick Commerce reported an overall loss of INR 895 Cr for the quarter.
Instamart significantly expanded its physical footprint by adding 69 darkstores, increasing its total to 1,240 stores covering 5.2 million sq ft. The Toing app is expanding new user acquisition in affordable meal services.
The filing confirms approvals for Instamart to qualify as an Indian owned and controlled company, reducing regulatory risk associated with foreign ownership status.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this financial results press release.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, with the Food Delivery segment showing improved profitability and Quick Commerce demonstrating growth with continued losses.
🔍
Management Signal
Management is focused on profitability in Food Delivery, category expansion through Toing, and accelerated growth in Quick Commerce with strategic regulatory compliance.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 financial results — check Food Delivery Adjusted EBITDA trend.
Update on Toing app performance and its contribution to growth.
Further details on Quick Commerce's path to profitability and darkstore expansion.
MEDIUM RISK
While food delivery is profitable, quick commerce still incurs substantial losses, posing a financial risk.
💡 Investor Takeaway
Swiggy reported Q2 FY27 overall revenue of INR 7,909 Cr, up 33.8% YoY. Food Delivery GOV grew 17.7% YoY to INR 10,054 Cr, achieving INR 341 Cr in Adjusted EBITDA. Quick Commerce NOV reached INR 6,954 Cr, up 31.4% YoY, despite a quarterly loss of INR 895 Cr.
⚖️ Strengths & Concerns
✅ Positives
- Swiggy Food Delivery Adjusted EBITDA improved by INR 101 Cr YoY, reaching INR 341 Cr with 3.4% margin.
- Overall revenue grew 33.8% YoY to INR 7,909 Cr, indicating broad business expansion.
⚠️ Concerns
- Quick Commerce reported an overall loss of INR 895 Cr for the quarter, reflecting ongoing investment.
- Instamart Contribution margin stood at -1.0% of GOV, showing negative unit economics in that segment.
📅 Company Track Record
Swiggy previously reported Q1 FY27 revenue of INR 7,112 Cr, up 34.0% YoY, with Food Delivery Adjusted EBITDA of INR 292 Cr. The company had reported a consolidated loss of INR (922) Cr for Q2 FY27 in an earlier intimation.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Swiggy's overall revenue in Q2 FY27?
Swiggy's overall revenue for Q2 FY27 increased by 33.8% YoY to INR 7,909 Cr.
What was the Gross Order Value (GOV) for Swiggy's Food Delivery business in Q2 FY27?
Swiggy's Food Delivery GOV grew 17.7% YoY to INR 10,054 Cr in Q2 FY27.
What was Swiggy Food Delivery's Adjusted EBITDA for Q2 FY27?
Swiggy Food Delivery's Adjusted EBITDA reached INR 341 Cr in Q2 FY27, an increase of INR 101 Cr YoY.
What was the Net Order Value (NOV) for Swiggy's Quick Commerce in Q2 FY27?
Swiggy's Quick Commerce NOV grew 31.4% YoY and 13.4% QoQ to INR 6,954 Cr in Q2 FY27.
How many darkstores did Instamart add in Q2 FY27?
Instamart added 69 darkstores in Q2 FY27, bringing the total to 1,240 stores covering 5.2 million sq ft.
Questions based on this BSE filing only. For information purposes.