Swiggy Q2 results FY27 (Representational Image)
\n\nSwiggy reported a consolidated net loss of Rs 922 crore for the July-September quarter of FY27, an improvement from the Rs 1,092 crore loss recorded in the corresponding period last year. The food delivery and quick-commerce company's revenue from operations rose sharply, although higher expenses continued to weigh on its overall financial performance.
\n\nRevenue from operations climbed 36.1 per cent year-on-year to Rs 7,571 crore in the September quarter, compared with Rs 5,620 crore in the year-ago period, according to the company's results announced on Thursday.
\n\nHowever, total expenses also increased substantially to Rs 8,703 crore from Rs 6,711 crore a year earlier, exceeding the pace of revenue growth and keeping the company loss-making.
\n\nSwiggy's core food delivery business continued to strengthen its profitability during the quarter. Gross order value (GOV) for the segment increased 17.7 per cent year-on-year to Rs 10,054 crore.
\n\nThe business also reported an Rs 101 crore increase in adjusted EBITDA to Rs 341 crore. Its adjusted EBITDA margin stood at 3.4 per cent of GOV, indicating continued improvement in the segment's earnings performance.
\n\nCommenting on the results, Swiggy Managing Director and Group Chief Executive Officer Sriharsha Majety said, “Our…
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