What was Swiggy's revenue in Q4 FY26?

Swiggy reported revenue of ₹6,383 Cr in Q4 FY26, a — change year-over-year.

Did Swiggy management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Swiggy Q4 FY26 Research Workspace: Revenue ₹6,383 Cr (—)

Q: What guidance did Swiggy management give?

Quick Commerce Contribution Margin Break-Even in Q1 FY27: Management confirmed achieving contribution margin break-even for the full quarter in Q1 FY27, with March exit at +110 bps.

Revenue ₹6,383 Cr

EBITDA —

PAT ₹-800 Cr

EBITDA Margin —

Duration 59 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Swiggy reported Q4 FY26 results with a focus on quick commerce (QC) achieving contribution margin break-even in March, exiting at +110 bps CM. Food delivery grew 18-20% YoY, with steady-state margins of 5%. QC GOV reached ₹1 lakh crore medium-term ambition, driven by differentiation via private labels (e.g., 'Noise') and improved take rates. Management emphasized balancing growth and profitability, deliberately churning low-AOV users to improve unit economics. MTU additions slowed to 0.5M net, but high-value cohorts retained well. Risks include sustained competitive intensity from multiple players, which could pressure marketing spend and delay EBITDA profitability. Capex is moderating after warehousing investments.

Risks4 trackedTranscriptfull text

Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Sustained Competitive Intensity in Quick Commerce

View Risks →

≡Transcript Full text

Call Transcript

Full transcript text is available on this route.

Read Transcript →

Quarter Snapshot

Quick Commerce Contribution Margin (March exit) +110 bps

+110 bps QoQ

Exited March at positive contribution margin, ahead of Q1 guidance.

Quick Commerce GOV Medium-Term Target ₹1,00,000 Cr

~5x current run-rate

Ambition to reach ₹1 lakh crore GOV in 3.5-5 years, implying 35-50% CAGR.

Quick Commerce MTU Net Additions 0.5M

-0.5M QoQ

Deliberate churn of low-AOV users; high-value cohorts retained.

Quick Commerce Non-GOV Share ~30%

Flat YoY

Non-GOV revenue (ads, etc.) at ~30% of GOV, expected to stay 30-40%.

Fast read

Guidance and risk preview

Top guidance Quick Commerce Contribution Margin Break-Even in Q1 FY27

Management confirmed achieving contribution margin break-even for the full quarter in Q1 FY27, with March exit at +110 bps.

Top risk Sustained Competitive Intensity in Quick Commerce

Multiple players (6-7) remain aggressive, potentially pressuring marketing spend and delaying EBITDA profitability.