Swiggy Q1 eyed as q-comm lifts Zomato

Swiggy Ltd's June-quarter (Q1FY26) earnings, due on 31 July, will offer a critical test of whether India's second-largest food delivery platform can justify its valuation and win back investor confidence, particularly in quick commerce, where competition is intensifying and losses remain steep.

- Vaeshnavi Kasthuril

The Bengaluru-based company, co-founded by Sriharsha Majesty, Nandan Reddy, and Rahul Jaimini, reported revenue of ₹15,275 crore in FY25. Food delivery accounted for 59.6% of this, while Instamart, its grocery delivery vertical, contributed 29.8%. Smaller segments, including ads, dine-out, ticketing, its new fast-food service Snacc, and micro-delivery platform Pyng, brought in 5.3%. The remaining 4.2% came from other income sources.

The company posted a consolidated loss of ₹1,087 crore in January-March on a revenue of ₹4,531 crore, according to its annual report.

By comparison, rival Eternal Ltd, formerly Zomato, reported a ₹175 crore profit for the same quarter. In the June quarter, Eternal's profit fell to ₹25 crore due to higher investments in Blinkit and increased staff-related expenses, including stock options. In a significant shift, Blinkit's order value surpassed that of Eternal's core food delivery business in the quarter, becoming the firm's main growth driver.