Swiggy Q1 FY27 revenue rises 37% to ₹6,812 crore; loss narrows 34%

Instamart revenue grew 53% year-on-year to ₹1,232 crore, outpacing food delivery’s 23% rise to ₹2,208 crore. Supply-chain arm Scootsy Logistics contributed ₹3,195 crore, or 47% of Swiggy’s operating revenue.

— Source publishedThu, 30 Jul, 2026, 16:08 IST·First seen Thu, 30 Jul, 2026, 16:09 IST·Source Entrackr · Newsletter

What happened

Swiggy’s Q1 FY27 operating revenue rose 37% to Rs 6,812 crore and losses narrowed 34%. Instamart grew 53%, while food delivery rose 23%. Supply-chain arm

Key facts

  • Q1 FY27 operating revenue Rs 6,812 crore, up 37% YoY from Rs 4,961 crore
  • Loss narrowed 34%
  • Scootsy Logistics revenue Rs 3,195 crore, up 41% YoY; 47% of operating revenue
  • Food delivery revenue Rs 2,208 crore, up 23% YoY
  • Instamart revenue Rs 1,232 crore, up 53% YoY
  • Other income Rs 211 crore
  • Total income Rs 7,023 crore versus Rs 5,048 crore
  • Total expenditure Rs 7,813 crore
  • Procurement costs Rs 2,975 crore
  • Employee benefit expenses Rs 662 crore, down 3.5%
  • Advertising and sales promotion Rs 1,160 crore
  • Delivery costs Rs 1,750 crore

Why this matters

Instamart’s momentum and Scootsy’s logistics heft strengthen Swiggy’s case for partnerships or acquisitions that deepen dark-store reach, supply-chain density and merchant capabilities.

What to watch

  • Instamart order growth, average order value, contribution margin and dark-store count in the next two quarters.
  • Consolidated adjusted EBITDA and cash burn relative to revenue growth.
  • Blinkit and Zepto pricing, dark-store expansion, funding activity and delivery-time promises.
  • Scootsy Logistics revenue growth, margin disclosure, major-client retention and share of total revenue.
  • Advertising revenue growth and Swiggy One membership penetration.
  • Food-delivery growth resilience, take-rate changes and restaurant partner churn.
  • Prioritize Instamart dark-store expansion in high-density micro-markets while closing or resizing underproductive locations.
  • Increase ad-tech, sponsored listings, private-label and subscription monetization to raise gross margin without relying solely on delivery fees.
  • Bundle food delivery and Instamart through Swiggy One to reduce customer-acquisition costs and increase purchase frequency.
  • Use Scootsy Logistics capacity and enterprise relationships to improve fulfillment utilization, while separating disclosure on its margins and customer concentration.
  • Maintain disciplined promotions and rider incentives as competitors pursue faster delivery and broader assortment.

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