SWIGGY losses almost doubled in April-June despite his revenue jump, as his fast trade in Instamart continued to bleed cash.
A Bengalur -based food platform has published revenue £4,961 Crore in April-June, 54% higher than a year ago, driven by an increase in a supply chain and distribution store (SCD), the company said on Thursday in exchange.
The SCD store, which provides technology services to wholesalers and retailers, increased by 56% on £2 259 crore in three months until June. It represents 45% of the total swiggy revenue and grew more than three times the pace of its basic grocery store, which increased by 18.5% during the quarter.
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Instamart had seen the growth of his income £806 crore in April – June, of which £374 crore a year ago. But his losses also fired £797 crore, compared to £280 crore last year. This steep increase in Instamart’s losses is the main reason why Swiggy’s total loss almost doubled £1 197 crore, from £611 Crore in the same period last year.
Food business was 36% of Swiggy’s income while a fast business brought 16%.
Swiggy’s quarterly revenue £4,961 crore was slightly below estimate of Ela Capital £5 088 crore.
Meanwhile, Swiggy’s larger rival Eternal Ltd, formerly Zomato, maintained his dominance by remaining profitable despite similar cost pressures. Eternal published and £25 Crore Net profit for the same period, because its quick business unit Blinkit gained significant traction – accepted its grip in the vertical swiggy, once led by Instamart.
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Swiggy did not issue formal instructions for the upcoming year, but the CEO (CEO) of Sriharsha Majity said that the company has moved around the top of fast business shops in March. “We will modulate the investment to ensure that we do business in a scale of scale,” he said.
Yet the pressure is mounted. “The real problem is that Swiggy is not a leader of the category anywhere,” said Satish Meena, founder’s date of intelligence. “As a result, capital is much harder to justify, especially in the IPO environment, where patience on the public market will thin.”
“Losses in Instamart are significantly higher compared to blink and it is really worrying for swiggs,” Meena said. “These losses cannot only be attributed to the expansion of dark trades – there has been a large investment in getting and discounting customers.”
Swiggy’s modified income before interest, taxes, depreciation and amortization (EBITDA) has expanded by 75% to £813 crore. Overall expenses jumped on £6 244 Crore, with marketing and promotional spectacles 114% on £1 036 crore and costs related to supplies growing by 63% per £1 313 crore.
Instamart represented 38% of the total value of the gross order swiggy (GOV) in quarter. Order volumes more than doubled and the average order value increased by 25% to £612. However, a modified EBITDA segment margin cost –15.8%, which means swiggy lost almost £16 for each £100 goods sold.
The value of the gross order in electronic trading concerns the value of all orders placed on the platform during a particular period and includes discounts and compensation, etc.
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Food delivery remained the most profitable shop for swiggs. Contributed 54.6% of the total government and showed a segment’s profit £202 crore in Q1FY26. Provision of food GOV year -on -year increased by nearly 19% £8 086 crore.
Zomato’s Blinkit benefits from customers’ acquaintance and has evolved from Grofers. “Blinkit created buzzing and quickly shrunk, especially in NCR. On the other hand, Instamart is still building this presence,” Meena said.
SWIGGY added 1.2 million monthly transaction users (MTU) – its highest quarterly addition in two years – a total of 16.3 million. The GOV total platform increased by 45% £14 797 crore.
In addition to food and instamart, eating segments and events – Dineout and Steppoat – brought 7.3% to the total GOV and changed marginally with a modified EBITDA margin 0.5%.
Swiggy did not publish power data for its ultra -fast Bolt van platform.
Fresh source of concern also appeared with Rapido, a company in which Swiggy owns a 12% share. Rapido recently announced its entry into food supply and created a potential conflict of interest. Swiggy acknowledged this in his issue of earnings: “As a shareholder we are extremely satisfied with their success and creating values; we recognize the potential conflict of the interests that may occur in the future. We actively reconsider our investment for the above development.”
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