Swiggy’s Q1 Report Card, Safe Security Nets $70 Mn & More

Swiggy Is Stuck Between Growth & Losses

Swiggy’s Q1 FY26 numbers served up a familiar dish from India’s foodtech kitchen – sizzling growth but with bloated losses. The company’s operating revenue surged 54% YoY to INR 4,961 Cr while net losses nearly doubled YoY to INR 1,197 Cr due to aggressive quick commerce expansion.

Here are the key takeaways from Swiggy’s Q1 FY26 numbers:

• Adjusted EBITDA loss rose 75% YoY to INR 813 Cr 
• Total income zoomed 53% YoY to INR 5,048 Cr
• Expenses rose…