Swiggy has reported strong growth in the second quarter of FY26, with its food delivery business and quick-commerce arm Instamart both showing significant expansion across key metrics.
The company’s food delivery Gross Order Value (GOV) rose 18.8% year-on-year to Rs 8,542 crore, driven by a 17% increase in monthly transacting users (MTUs). On a sequential basis, Swiggy added over 0.9 million MTUs during the quarter. The segment’s adjusted EBITDA margin improved to 2.8% of GOV, an increase of 125 basis points year-on-year and 44 basis points quarter-on-quarter.
Swiggy’s Instamart continued its nationwide scale-up, registering 108% year-on-year growth in GOV to Rs 7,022 crore. The platform also recorded a 39.7% rise in average order value, reaching Rs 697. Contribution margin for Instamart improved to negative 2.6%, up 202 basis points from the previous quarter, indicating a gradual move towards profitability.
During the quarter, Instamart expanded its footprint by adding 40 new dark stores, taking the total to 1,102 stores across 128 cities, covering a retail space of 4.6 million sq ft.
At the consolidated level, Swiggy’s revenue from operations grew 54.4% year-on-year to Rs 5,561 crore, while net losses stood at Rs 1,092 crore. The company attributed its improved operational efficiency to better order economics, cost controls, and growth in average order values across both verticals.
Swiggy said it remains focused on driving sustainable growth across its food delivery and quick-commerce businesses, while strengthening profitability in the coming quarters.
