Swiggy Q2 Results 2025 Highlights: Net loss widens to ₹1,092 crore, board mulls raising ₹10,000 crores via QIP

Swiggy Q2 Results 2025 LIVE: "Swiggy’s Food delivery business delivered another quarter of robust growth and improved profitability, with the double digit YoY order growth at the highest in 2 years. This was led by acceleration in user-growth on the back of new propositions like Bolt, 99-Store, Deskeats and Health-focused curations; all aimed at covering the entire breadth of user expectations.

Instamart made giant strides in catering to all purchase-missions through Maxxsaver (grocery) and Quick India movement (non-grocery), driving up AOV 40% YoY. A ~200 bps QoQ Contribution margin improvement showcases our commitment to drive scale-led, sustainable and profitable growth in Quick-commerce, led by best-in-class speed and selection," said Sriharsha Majety, MD & Group CEO, Swiggy.

Swiggy Q2 Results 2025 LIVE: Instamart accelerated its GOV growth to 108% YoY (24.2% QoQ), clocking ₹7,022 crore. 40 darkstores were added selectively to take the overall network to 1102 darkstores, covering 4.6 mn sq ft across 128 cities. Average order value increased by 39.7% YoY to reach ₹697, led by continued traction across Maxxsaver, our basket-building proposition and expansion of non-grocery selection, said the company in an exchange filing.

Swiggy Q2 Results 2025 LIVE: “….the Board of Directors of the Company is scheduled to be held on Friday, November 07, 2025, to inter-alia consider and approve the raising of funds by way of public or private offerings including through one or more qualified institutions placement or any other permitted modes under applicable laws for equity shares/securities to the eligible investors, not exceeding ₹10,000 crores, in one or more tranches and/or by way of one or more issuances,” said the firm in an exchange filing.

Swiggy Q2 Results 2025 LIVE: Total expenses for the September quarter rose to ₹6,711 crore from ₹6,244 crore QoQ, and ₹4,309 YoY.

Swiggy Q2 Results 2025 LIVE: Swiggy's consolidated revenue in Q2FY26, increased by 54.4% to ₹5,561 crore from ₹3,601 crore YoY. On a sequential basis, revenue rose by 12.1% from ₹4,961 crores in the June quarter.

Swiggy Q2 Results 2025 LIVE:Swiggy's consolidated net loss widens to ₹1,092 crore in the September quarter from ₹626 crores in the year ago period. The company posted a net loss of ₹1,197 crore in the quarter ended June 2025.

Swiggy Q2 Results 2025 LIVE: Ahead of Q2 Results, Swiggy share price ended 0.20% lower at ₹418.10 apiece on the BSE.

"While food delivery would post 21% yoy GOV growth, Instamart would post a strong 25% qoq GOV growth. We expect sequential Adj. EBITDA margin (as % of GOV) improvement of 25bps/385bps in Food Delivery and Instamart respectively, compared to 50bps decline in Food Delivery and 215bps sequential improvement in 1QFY26,"said Equirus in its report.

Swiggy Q2 Results 2025 LIVE: Key factors to monitor include Instamart’s GOV and AOV growth, dark store additions, and margins.

Swiggy Q2 Results 2025 LIVE: The brokerage forecasts that the gross order value (GOV) for food delivery and quick commerce sectors will rise by 20% and 106% year-over-year, respectively, with take rates of 22.5% and 14.3% for Q2FY26.

Instamart is expected to see a quarter-over-quarter growth of 23%, with an adjusted EBITDA of -13.8% for Q2, while out-of-home consumption is projected to achieve nearly breakeven with a 27% year-over-year increase in revenue.

The adjusted EBITDA for food delivery as a percentage of GOV is anticipated to increase by 30 basis points quarter-over-quarter, reaching 2.7%. Instamart is expected to show a -3.3% contribution margin and a 13.8% adjusted EBITDA margin in Q2.

Swiggy Q2 Results 2025 LIVE: The brokerage predicts a consistent rise in food delivery, projecting Swiggy's GMV to increase by 18.6 percent year-on-year, supported by a 20 basis points higher take rate.

In the quick commerce sector, Instamart's GMV is expected to grow by 14.2 percent quarter-on-quarter, accompanied by slight gains in take rates. Instamart's Ebitda loss is anticipated to remain unchanged at ₹900 crore.

According to Anshul Jain, Head of Research at Lakshmishree, Swiggy has been forming a rising wedge pattern over the past 17 weeks, a structure that typically signals bearish exhaustion after a steady uptrend. Volumes have remained muted throughout the formation, indicating lack of strong buying participation.

The breakdown confirmation level is placed near ₹400, and a decisive close below this zone will likely trigger long liquidation, paving the way for an immediate downside toward ₹360. Until a clear breakout or breakdown is confirmed, the stock is expected to remain range-bound with a bearish bias.

Swiggy share price opened at ₹419.10 apiece on the BSE, the stock touched an intraday high of ₹422.50 apiece, and an intraday low of ₹413.50 per share.

Swiggy Q2 Results 2025 LIVE: Motilal Oswal Financial Services expects the gross order value (GOV) of the food delivery and quick commerce sectors to increase by 20% and 106% year-on-year, respectively, with take rates of 22.5% and 14.3% in the second quarter of fiscal 2026.

Instamart is projected to see a quarter-on-quarter growth of 23%, with an adjusted EBITDA of -13.8% for Q2, while revenue growth from out-of-home consumption is expected to be close to breakeven at 27% year-on-year.

The adjusted EBITDA for food delivery as a percentage of GOV is forecasted to rise by 30 basis points quarter-on-quarter to reach 2.7%. Instamart is anticipated to report a -3.3% contribution margin along with a 13.8% adjusted EBITDA margin in Q2.

Swiggy Q2 Results 2025 LIVE: According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, since last couple of months, Swiggy share prices are consolidating in a range , currently now placed at a key support of 89EMA at 400 levels which is a make or break levels. If prices hold on to support, expect a bounce back towards 450 - 460 levels. On the flip side, a break below 400 can drag prices towards 200DSMA AT 380

Swiggy Q2 Results 2025 LIVE: For Swiggy, GOV stands for Gross Order Value—the aggregate value of all orders made on its platforms. It serves as an essential financial measure to monitor the company's performance and expansion.

Swiggy Q2 Results 2025 LIVE: “In Instamart, we expect sequential GOV growth of 23% led by robust increase of c.8% in AOVs, whereas order volumes can grow 15% led by MTU increase from 11.1mn to 11.7mn. Take-rates are likely to expand by ~54bps QoQ to 14.8%,” said JM Financial Institutional.

Swiggy Q2 Results 2025 LIVE: 1. Market share gain/loss in Food delivery and Quick commerce business.

2. The Qoq MTU/ Order volume growth in Food delivery and Quick commerce business.

3. Customer Delivery Charges expansion in Food delivery business.

4. Adjusted EBITDA Margin expansion in Food Delivery and Instamart.

5. Net dark store addition for Instamart.

“We expect contribution margin to improve to - 2.8% (as % of GOV) versus -4.6% in 1Q, due to AOV and take-rate expansion. Adj. EBITDA margin (as % of GOV) could improve c.407bps sequentially to -12.5% as fixed costs are unlikely to increase at the same rate as GOV. At a consolidated level, we expect reported EBITDA/PAT to be at loss of ₹8.4bn/ ₹10.9bn respectively versus loss of ₹9.5bn/ ~ ₹12bn in 1Q. We maintain REDUCE with an unchanged Sep’26 TP of ₹440,” said the brokerage.

Swiggy Q2 Results 2025 LIVE: Swiggy reported a wider net loss for the first quarter of the fiscal year 2025-26 (Q1 FY26). The consolidated net loss for Swiggy for the quarter ending June 2025 was ₹1,197 crore, a significant increase from ₹611 crore reported in the same quarter last year. This considerable rise in losses occurred despite a 54% year-on-year increase in revenue. For the quarter in question, the company's consolidated revenue reached ₹4,961 crore, compared to ₹3,222 crore during the corresponding period last year.

Swiggy Q2 Results 2025 LIVE: Swiggy will announce its Q2 results today. The board of directors of the Quick commerce company will meet on Thursday, 30 October 2025, to consider and approve the financial results for the second quarter of FY26.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.