SWIGGY Swiggy Q4 FY26 results (Jan–Mar 2026) and concall
Swiggy achieved a significant milestone by reaching contribution margin breakeven in Q4 FY26, driven by improved take rates and rationalized incentives. The company outlined ambitious medium-term targets for Quick Commerce, aiming for INR 1 lakh crore NOV and 5% margin, while also guiding for 18-20% growth and 5% EBITDA margin for Food Delivery. Despite high Quick Commerce overheads and MTU churn due to competitive intensity, management remains focused on profitable growth and expects capex to reduce going forward.
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What they filed
Q4 FY26: revenue up 44.7%, net profit up 26.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 3,992 | 4,410 | 4,961 | 5,561 | 6,148 +54% | 6,383 +45% |
| EBITDA | -726 | -964 | -955 | -799 | -783 −8% | -698 +28% |
| Net profit | -799 | -1,081 | -1,197 | -1,092 | -1,065 −33% | -800 +26% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
