Swiggy’s Q2 FY27 revenue rises 36% to Rs 7,571 Cr, losses narrow 16%

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Foodtech and quick commerce platform Swiggy reported a 36.1% year-on-year growth in operating revenue to Rs 7,571 crore in Q2 FY27 from Rs 5,561 crore in Q2 FY26, while its losses narrowed 15.6% to Rs 922 crore from Rs 1,092 crore in the year-ago quarter.
For the first half of FY27, Swiggy’s operating revenue grew 36.7% year-on-year to Rs 14,383 crore from Rs 10,522 crore in H1 FY26.
Scootsy Logistics, Swiggy’s supply chain and distribution business remained its largest revenue contributor, accounting for nearly 49% of its operating revenue. Revenue from the segment rose 44.1% year-on-year to Rs 3,690 crore in Q2 FY27 from Rs 2,560 crore in the year-ago quarter.
The company’s food delivery and quick commerce businesses also posted growth during the quarter. Revenue from food delivery increased 21.6% year-on-year to Rs 2,338 crore from Rs 1,923 crore, while quick commerce revenue rose 33.3% to Rs 1,306 crore from Rs 980 crore.
The remaining operating revenue came from segments such as dine-out services and other Platforms Innovations, including Bolt and Toing.
The Bengaluru-based company also reported Rs 212 crore in other income, compared to Rs 59 crore in the corresponding quarter last year. As a result, its total income rose to Rs 7,783 crore in Q2 FY27 from Rs 5,620 crore in Q2 FY26.
On the expense front, Swiggy’s cost of materials surged 47% year-on-year to Rs 3,443 crore in Q2 FY27 from Rs 2,342 crore in Q2 FY26. Delivery and related charges increased 32.9% to Rs 1,895 crore, while advertising and sales promotion expenses rose 24.9% to Rs 1,298 crore. Employee benefit expenses declined 2% to Rs 676 crore.
Other expenses took the company’s total expenditure to Rs 8,703 crore in Q2 FY27, up 29.7% year-on-year.
Swiggy’s net losses decreased 15.6% year-on-year to Rs 922 crore in Q2 FY27 from Rs 1,092 crore in the corresponding quarter last year. The company also narrowed its losses by 25.2% to Rs 1,713 crore in H1 FY27 from Rs 2,289 crore in the first half of the previous fiscal year.
The company’s shares closed at Rs 211.30 on Thursday, giving the foodtech company a market capitalisation of Rs 61,403 crore.
On the competitive front, rival Eternal (formerly Zomato) reported an operating revenue of Rs 24,138 crore in Q2 FY27, up from Rs 13,590 crore in Q2 FY26. The company also posted a profit of Rs 125 crore during the quarter, compared to Rs 65 crore in the year-ago period.

document fetched 2026-10-24 11:25