Swiggy reported a 37.3% revenue jump for the first quarter of FY27, reaching ₹6,812 crore, while its net loss narrowed by 34% to ₹791 crore. Improved performance in supply chain and food delivery segments drove the results, though increased operational spending remains a key factor in the company's path toward profitability.
Swiggy’s financial performance for the first quarter of fiscal year 2027 shows a clear shift toward higher revenue and reduced losses. The company reported a total revenue of ₹6,812 crore, a 37.3% increase compared to ₹4,961 crore in the same period last year. While the business is expanding, it is also managing its bottom line more efficiently, with net losses dropping to ₹791 crore from ₹1,197 crore a year earlier.
Growth Drivers in Supply Chain and Food Delivery
The company’s supply chain and distribution arm has become a major revenue driver, contributing ₹3,195 crore to the top line. This segment grew by 41.4% year-on-year and now represents nearly 47% of Swiggy’s total operating revenue. Although this segment is still in a scaling phase and reported an adjusted EBITDA loss of ₹48 crore, the loss has narrowed from ₹62 crore in the previous year, suggesting improved unit economics as the network expands.
Meanwhile, the core food delivery business continues to provide a steady foundation. Revenue from food delivery rose by 22.7% to ₹2,208 crore, supported by a 17.4% increase in gross order value to ₹9,490 crore. The segment reported an adjusted EBITDA of ₹292 crore, up from ₹192 crore last year. The EBITDA margin, when calculated against the gross order value, improved to 3.1%.
Operational Costs and Market Context
While revenue grew significantly, Swiggy’s total expenses also rose by 25.1% to ₹7,813 crore. This increase reflects the company's ongoing investment in quick commerce and delivery infrastructure. Management noted that temporary pressures on margins were due to higher spending on delivery personnel and salary increments during the quarter.
In the competitive quick-commerce landscape, Swiggy faces intense rivalry from players like Zomato’s Blinkit and Zepto. Investors often monitor these delivery companies for their ability to balance rapid expansion with the need to reach sustainable profitability. The industry currently faces challenges such as high customer acquisition costs and the pressure to maintain low delivery times, which requires constant investment in warehouse density and rider networks. Future updates from the company will likely focus on how these investments in delivery capacity translate into sustained margin expansion and whether the company can maintain its user growth momentum as it scales its newer business segments.