Overview

• Swiggy posted consolidated Q1 FY26 revenue of ₹4,961 crore, driven by gains in both food delivery and quick commerce.
• Net losses nearly doubled to ₹1,197 crore year-on-year, with Instamart alone recording an operating loss of ₹797 crore on ₹806 crore in sales.
• The firm is actively reevaluating its roughly 12% minority stake in Rapido after the mobility app announced plans to enter the food delivery market.
• Management affirmed its goal to reach contribution-margin breakeven for Instamart between December 2025 and June 2026 despite mounting competition from Blinkit and other players.
• Potential proceeds from a Rapido stake sale are being viewed as a way to strengthen Swiggy’s cash reserves and support its profitability roadmap.