Swiggy Narrows Losses and Surges Ahead with Strong Quick Commerce Growth

New Delhi – India’s leading food and grocery delivery platform, Swiggy, has reported a remarkable improvement in its financial performance for the second quarter, marking a strong comeback driven by the robust growth of its quick commerce arm, Instamart.

The results highlight Swiggy’s continued progress toward profitability and its growing influence in India’s rapidly evolving on-demand delivery ecosystem.

In the quarter ending September 30, 2025, Swiggy recorded a consolidated loss of ₹10.92 billion ($124.24 million), an improvement from the ₹11.97 billion loss reported in the previous quarter.

The narrowing of losses demonstrates Swiggy’s ongoing efforts to streamline operations, strengthen its business model, and balance high growth with sustainable financial management.

Despite continued investments in technology, infrastructure, and customer acquisition, the company’s sequential improvement signals steady progress in operational efficiency.

Swiggy’s financial performance was primarily driven by Instamart’s exceptional growth, which saw its revenue double to ₹9.8 billion in the quarter.

Instamart’s quick commerce segment has become a key growth engine for the company, catering to India’s growing demand for instant delivery of groceries, essentials, and daily-use items.

As more consumers embrace convenience-driven shopping habits, Swiggy’s ability to meet this demand has positioned it as a frontrunner in the country’s competitive quick commerce space.

The company also reported a 22% year-on-year increase in revenue from its core food delivery segment, highlighting the continued strength of its primary business.

Together, these two divisions pushed Swiggy’s overall revenue up by 54% to ₹55.61 billion, marking one of its strongest quarters to date.

The dual growth in food delivery and quick commerce demonstrates Swiggy’s diversified revenue streams and its ability to capture both short-term convenience demand and long-term customer loyalty.

The quick commerce sector in India has become one of the most dynamic segments of the digital economy. With consumers expecting groceries, personal care items, and even electronics to be delivered within minutes, competition among leading players has intensified.

Swiggy’s Instamart, along with Zepto and Blinkit, has emerged at the forefront of this transformation. Each company is innovating aggressively — from optimizing last-mile logistics and expanding warehouse networks to refining customer experience through AI-driven personalization.

While the competition has led to increased investments and pricing challenges, Swiggy’s approach has been strategic and sustainable.

The company has focused on enhancing delivery speed, optimizing supply chains, and leveraging data analytics to improve efficiency. These steps have allowed Swiggy to mitigate the impact of rising operational costs and ensure consistent service quality.

Industry analysts note that Swiggy’s EBITDA margins for Instamart are expected to continue improving, thanks to operational scale and higher order density.

The company’s ability to drive efficiencies across fulfillment centers and delivery networks is helping narrow losses faster than anticipated.

Moreover, Swiggy’s strong brand equity, customer trust, and broad service range — spanning food delivery, groceries, and convenience retail — give it a competitive advantage in the expanding digital commerce market.

Looking forward, Swiggy’s strategy focuses on sustainable expansion and technological innovation.

With its Initial Public Offering (IPO) on the horizon, the company is expected to strengthen its market position further by attracting fresh investment, deepening customer engagement, and scaling its high-growth segments.

The IPO also reflects Swiggy’s growing maturity as a tech-driven enterprise, with a vision to redefine how India eats, shops, and experiences convenience.

Swiggy’s success story embodies the evolution of India’s digital economy — one that blends technology, logistics, and lifestyle into a seamless ecosystem.

Its commitment to innovation, customer satisfaction, and operational excellence has enabled it to not only adapt to changing consumer behavior but also shape the future of quick commerce in India.

As Swiggy continues to narrow its losses and expand its offerings, the company stands at the forefront of India’s digital transformation, setting the pace for sustainable growth in one of the world’s most promising consumer markets.