Swiggy Share Price Dips 4% After Q1 Loss Surge — Key Financial Highlights Inside

Market Performance

Swiggy’s share price saw a sharp decline in early trade on August 1, slipping 4.1% to ₹387 on the NSE. With this drop, the stock has now plunged nearly 25% since the start of 2025, signaling increased investor concerns over its recent financial performance.

• Intraday low: ₹386
• Previous close: ₹403
• Current price: ₹387
• YTD decline: Over 25%

Main News

Swiggy posted a disappointing Q1 FY26 performance, which triggered the sharp correction in its share price. The key concern for investors was the widening of net losses, despite a strong uptick in operational revenues.

Company Details

Swiggy, a leading name in India’s food delivery and quick commerce space, delivered a mixed set of financial results for Q1 FY26.

Revenue

• Q1 FY26: ₹4,961 crore
• YoY growth: 54% (from ₹3,222 crore in Q1 FY25)
• QoQ growth: Up from ₹4,410 crore in Q4 FY25

Net Loss

• Q1 FY26: ₹1,197 crore
• YoY increase: 96% (from ₹611 crore in Q1 FY25)

EBITDA Margins

• Q1 FY26: 2.4%
• Q4 FY25: 2.9%
• Reason for dip: Seasonal factors and higher operational costs

Quick Commerce Business Performance

Swiggy’s Instamart, its quick commerce vertical, showed substantial growth in the quarter:

• Revenue from Instamart: ₹806 crore (more than doubled YoY)
• Gross Order Value (GOV): ₹5,655 crore
  • YoY growth: 107.6%
  • QoQ growth: 21.1%
• New Monthly Transacting Users (MTUs) added: 1.2 million

Operational Commentary

According to Swiggy’s CEO, Q1 is traditionally a seasonal low due to reverse migration and the start of the monsoon season, which impacts delivery partner availability. The company also cited annual appraisals and investments into partner availability as reasons behind the margin compression.

Summary

Swiggy's Q1 FY26 results highlight a revenue jump of 54%, showcasing strong topline momentum, especially in its Instamart segment. However, the 96% surge in net losses has spooked investors, leading to a 4% drop in share price.

Despite signs of operational growth, profitability pressures and seasonal challenges are keeping margins in check. Investors will likely monitor upcoming quarters for signs of margin recovery and loss reduction.