Swiggy announced its Q2 FY27 financial results, reporting a consolidated adjusted revenue of ₹7,909 crore, a 33.8% increase year-over-year. The company also saw significant growth in Gross Order Value (GOV) across its segments, particularly in food delivery and quick commerce. Adjusted EBITDA losses narrowed, with food delivery achieving its highest ever absolute Adjusted EBITDA and contributing to overall margin improvement.
Swiggy Reports Strong Q2 FY27 Performance
Swiggy Limited has announced its financial results for the second quarter of fiscal year 2027 (Q2 FY27), ended September 30, 2026. The company reported a consolidated adjusted revenue of ₹7,909 crore, marking a substantial year-over-year increase of 33.8%. This growth underscores Swiggy’s expanding market presence and operational momentum.
Key Financial Highlights
The company’s Gross Order Value (GOV) for its consumer-facing businesses (B2C GOV) reached ₹20,793 crore, up 24.6% year-over-year. Consolidated Adjusted Revenue saw a robust 33.8% growth, totaling ₹7,909 crore.
Segment Performance
Food Delivery
The Food Delivery segment delivered strong results, with GOV growing 17.7% year-over-year to ₹10,054 crore. The segment reported its highest ever absolute Adjusted EBITDA of ₹341 crore, with an improved Adjusted EBITDA margin of 3.4% of GOV. This improvement was driven by advertising monetization and delivery cost efficiencies.
Quick Commerce
Quick Commerce experienced significant acceleration, with Net Order Value (NOV) growing 13.4% sequentially and 34.8% year-over-year to ₹6,594 crore. The segment added 69 new darkstores, expanding its network to 1,240 stores. Contribution margin improved to -1.0% of GOV.
Out-of-Home Consumption
The Out-of-Home Consumption segment demonstrated strong growth, with GOV increasing 34.9% year-over-year to ₹1,508 crore. The business has now been Adjusted EBITDA-positive for seven consecutive quarters, with an Adjusted EBITDA margin of 0.5% of GOV.
Strategic Initiatives and Outlook
Swiggy highlighted its differentiation strategy, focusing on curated assortments through brands like No!ce and Switch. The company also provided an update on its Indian Owned and Controlled entity transition, expected to benefit Instamart’s contribution margin. Swiggy remains confident in its long-term aspirations, including building towards ₹10,000 crore of Adjusted EBITDA by FY31.
Source: BSE
