Swiggy has kicked off FY26 on solid footing, delivering 45% year-on-year growth in B2C Gross Order Value (GOV). The first quarter’s momentum was driven by robust performance across Food Delivery, Instamart, and Dineout, reinforcing the company’s commitment to scale with discipline.
Food Delivery
Swiggy’s food delivery business posted a GOV growth of 18.8% YoY, aligning well with its medium-term guidance. The platform added 1.2 million new transacting users during the quarter, underlining continued consumer trust.
Adjusted EBITDA stood at 2.4% of GOV, slightly lower than Q4-largely attributed to seasonal variations. The company expects margins to stabilize and improve over the coming quarters.
Instamart
Swiggy’s quick commerce vertical doubled its GOV, growing 108% YoY and 21% QoQ, led by a 16% increase in average order value. Initiatives like assortment expansion and the launch of Maxxsaver have encouraged users to build higher-value baskets.
Instamart now operates 1,062 dark stores across 127 cities, covering 4.3 million sq. ft. of active space. EBITDA margin improved by 120 basis points quarter-on-quarter, now at -15.8%, continuing its trajectory toward profitability.
Dineout
Dineout delivered a strong quarter with 61% YoY GOV growth, maintaining its profitable growth path. Adjusted EBITDA margin improved to 0.5%, up from 0.3% in Q4, signaling operational efficiency and increasing traction in the dining-out segment.
With continued focus on customer experience and operational excellence, Swiggy enters the next quarter with positive momentum and clear strategic direction.
