Swiggy Sees Adjusted EBITDA Profitability In Q3 FY26

SUMMARY

Swiggy’s consolidated adjusted EBITDA loss declined 30.2% YoY to INR 341 Cr in Q2 FY25

The company said that while its food delivery business is already adjusted EBITDA profitable, it expects its Out of Home Consumption vertical to break-even in the ongoing fiscal year

Swiggy expects Swiggy Instamart to achieve adjusted EBITDA break-even by the second quarter Q2 of FY27

Foodtech major Swiggy expects its business to achieve adjusted EBITDA profitability on a consolidated level in the third quarter of the financial year 2025-26 (FY26).

The company, which made its debut on the bourses last month, declared its financial results for the first time on Tuesday (December 3) after it became a publicly listed company. Swiggy’s consolidated net loss declined nearly 5% year-on-year (YoY) to INR 625.53 Cr in Q2 FY25, while operating revenue jumped 30% to INR 3,601.45 Cr.

In its shareholder letter, Swiggy said, “At the consolidated group level, we expect to achieve positive Adjusted EBITDA by Q3FY26 (Oct-Dec 2025).”

Swiggy’s consolidated adjusted EBITDA loss declined 30.2% YoY to INR 341 Cr in Q2 FY25.

The company said that its food delivery business is already adjusted EBITDA profitable and is seeing improvement in margins every quarter.

Food delivery vertical’s adjusted EBITDA increased 94.1% quarter-on-quarter (QoQ) to INR 112 Cr, with 1.6% adjusted EBITDA margin.

“The Out of Home Consumption business has made rapid progress in growth and profitability trajectory since acquisition and is expected to break-even in the current fiscal,” it said.

On the quick commerce business, Swiggy said it expects adjusted EBITDA break-even by the second quarter of FY27 (July-September 2026).

The company mentioned that three out of the top seven cities where Swiggy Instamart is available are contributing positively, with 75% of the stores in these cities being profitable.

Swiggy’s quick commerce business reported a 135.7% surge in operating revenue to INR 490 Cr in the quarter ended September 2024 from INR 208 Cr in the year-ago period.

The foodtech giant is also planning to foray in the sports and recreation activities market by setting up a new wholly owned subsidiary.

Shares of Swiggy ended Tuesday’s (December 3) trading session 1.20% higher at INR 501.30 on the BSE.

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