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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Swiggy
Swiggy (SWIGGY) investor relations material
Swiggy Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary22 Oct, 2026
Executive summary
Q2 FY27 revenue from operations was ₹7,571 crore and net loss was ₹922 crore; food delivery remained profitable at the segment-result level, while quick commerce recorded a ₹764 crore segment loss.
Food marketplace growth returned above 20%; FY growth guidance remained 18%-20%, with Toing positioned to expand the addressable market.
Instamart grew 13.4%, added 1.3 million MTU and focused on retention, differentiated assortment and store productivity.
Financial highlights
Q2 revenue was ₹7,571 crore versus ₹6,812 crore in Q1 FY27 and ₹5,561 crore in Q2 FY26; H1 revenue was ₹14,383 crore versus ₹10,522 crore YoY.
Q2 consolidated loss was ₹922 crore versus ₹791 crore in Q1 and ₹1,092 crore YoY; H1 loss was ₹1,713 crore versus ₹2,289 crore YoY.
Q2 other income was ₹212 crore versus ₹211 crore in Q1 and ₹59 crore YoY; H1 other income was ₹423 crore versus ₹146 crore YoY.
Standalone Q2 profit from continuing operations was ₹287 crore and H1 profit was ₹637 crore; Q2 EPS was ₹1.07 and H1 EPS was ₹2.38.
Outlook and guidance
Food marketplace FY growth guidance remained 18%-20%; the target trajectory was 5% of GOV, with operating leverage expected to continue.
Instamart expected double-digit sequential growth in the current quarter and guided to 100 bps of EBITDA improvement; management did not commit to a higher growth rate.
Toing investment was expected to remain range-bound while performance was assessed over another one or two quarters.
The inventory-model transition was expected to begin mid-quarter and complete over the following two to three quarters; current-quarter EBITDA guidance excluded its benefit.
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Latest events from Swiggy
- Revenue up 36% YoY to ₹112.5B; net loss narrows to ₹23.5B with margin gains and new segments.SWIGGY
Q4 23/24 - Targeting ₹10,000 Cr EBITDA by FY31, with rapid growth across food, commerce, and OOH segments.SWIGGYInvestor Day 25/26
- Revenue and margins improved as food delivery and quick commerce drove growth.SWIGGYQ1 26/27
- Revenue up, losses widen; Quick Commerce hits CM breakeven and cash reserves rise.SWIGGYQ4 25/26
- Quarterly revenue hit ₹6,148 crore; food delivery outperformed, quick commerce neared breakeven.SWIGGYQ3 25/26
- Quick commerce GOV grew 100%+, half-year revenue hit ₹10,522 crore, net loss was ₹2,289 crore.SWIGGYQ2 25/26
- Strong growth and innovation continue, but losses persist amid aggressive expansion.SWIGGYQ2 24/25
- Revenue up 35% YoY, net loss widened, IPO raised ₹43.6B to fund rapid growth.SWIGGYQ4 24/25
- Revenue surged with robust segment growth, but losses continued despite a successful IPO.SWIGGYQ3 24/25
Next Swiggy earnings date
Q3 26/2728 Jan, 2027
Swiggy
Next Swiggy earnings date
Q3 26/2728 Jan, 2027
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Frequently asked questions
Swiggy Limited is an India-based consumer technology company offering users an easy-to-use convenience platform, accessible through an application, Swiggy, to browse, select, order and pay for food (food delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through its on-demand delivery partner network. The company is headquartered in Bangalore, India, and its shares are listed on the NSE.