Swiggy shares tumble over 4% after Q1 loss widens to Rs 1,197 crore

Swiggy shares tumbled over 4% to their day’s low of Rs 387.10 on BSE on Friday after the company reported a wider net loss of Rs 1,197 crore in Q1 FY26, compared to Rs 611 crore in the same quarter last year. Despite the higher loss, revenue from operations rose sharply by 54% year-on-year to Rs 4,961 crore.

The company attributed the loss to scale-driven growth across verticals, including quick commerce and supply chain services. CEO Sriharsha Majety said continued investments were aligned with Swiggy’s long-term goal of delivering convenience at scale.