India, Aug. 1 -- Swiggy Is Stuck Between Growth & Losses

Swiggy's Q1 FY26 numbers served up a familiar dish from India's foodtech kitchen - sizzling growth but with bloated losses. The company's operating revenue surged 54% YoY to INR 4,961 Cr while net losses nearly doubled YoY to INR 1,197 Cr due to aggressive quick commerce expansion.

Here are the key takeaways from Swiggy's Q1 FY26 numbers:

Adjusted EBITDA loss rose 75% YoY to INR 813 Cr

Total income zoomed 53% YoY to INR 5,048 Cr

Expenses rose 60% YoY to INR 6,244 Cr from INR 3,908 Cr

Monthly transacting users grew 32.5% YoY to 2.2 Cr

The foodtech major's B2C orders rose 24% YoY to 2.6 Cr

The Quick Commerce Conundrum: Instamart remained Swiggy's biggest growth engine and cash...