Swiggy narrows losses as food delivery revenue surges 36 percent

Swiggy demonstrated improved financial performance in the July-September quarter, with operational revenue jumping 36 percent year-on-year to ₹7,571 crore from ₹5,561 crore in the same period last year. The reduction in net losses to ₹922 crore signals the company's progress toward profitability as India's second-largest food delivery platform continues to expand its market presence.

The quarter's revenue growth outpaced the prior year's comparable period, reflecting sustained consumer demand and the company's ability to scale operations efficiently. The narrowing of losses comes as Swiggy has intensified efforts to optimize its cost structure while maintaining service quality and customer acquisition momentum.

Swiggy's performance underscores the maturation of India's food delivery sector, where established players are increasingly focusing on profitability metrics alongside growth. The platform's consolidated results reflect contributions from its core food delivery business alongside ancillary services, as the company pursues a diversified revenue strategy to strengthen its competitive positioning in a crowded marketplace.