• Swiggy Food Delivery hits 15-quarter high with GOV growth of 22.6% YoY; Adjusted EBITDA up 39.8% to INR 297 Cr
• Instamart GOV grew 68.8% YoY to INR 7,881 Cr; contribution margins improved 65 bps QoQ to -1.8%, with Adjusted EBITDA loss at INR 858 Cr
• Out-of-Home Consumption delivered its first full year of profitability, with 43% YoY GOV growth and Adjusted EBITDA margins of 0.8% of GOV
• Platform MTUs grew 27.2% YoY to 25.2 million

Swiggy (Swiggy Ltd, NSE: SWIGGY / BSE: 544285), India’s pioneering on-demand convenience platform, reported results today for the quarter and financial year ended March 31, 2026.

“Food delivery has grown at its strongest pace in nearly four years, crossing INR 1,000 Cr in annual adjusted EBITDA and defying scepticism around a sector slowdown, with meaningfully better margins than a year ago. Out of home continues to be a profitable and growing part of the business,” said Sriharsha Majety, MD & Group CEO, Swiggy “In quick commerce, the next phase will be defined by anticipating consumer needs, not merely fulfilling them. Unit economics continue to improve quarter on quarter, and we remain on track for contribution margin breakeven in line with our guidance. The strong balance sheet gives us room to be disciplined and deliberate as we enter FY27.”

Key financial and operational highlights for the quarter:

Swiggy’s Food Delivery business Gross Order Value (GOV) growth accelerated to 22.6% YoY, to INR 9,005 crore. Food delivery MTUs grew 21% YoY to reach 18.3 million. Adjusted EBITDA Margin improved to 3.3% of GOV (+41bps YoY, 26bps QoQ), lifetime highs, demonstrating that our focused launches across the “selection-speed-affordability” framework continue to drive user engagement with improving margins. Out of Home (OOH) GOV grew 43% YoY, delivering its first full year of profitability in FY26.

Instamart posted 68.8% YoY GOV growth to INR 7,881 crore. Network expansion remained selective, with seven darkstores added to take the total to 1,143 stores across 129 cities, covering 4.8 million sq ft. Average order value grew 32.8% YoY to INR 700, driven by a sustained non-grocery mix and larger basket sizes, reflecting deeper engagement across user cohorts. Contribution margin improved by up 65 bps QoQ at -1.8%. The monthly contribution margin reached -1.1% in March 2026, a stronger exit rate heading into the next quarter. Adjusted EBITDA margin improved to -10.9% from -11.4% in Q3, with Quick Commerce posting an overall loss of INR 858 crore for the quarter

About Swiggy

Swiggy is India’s pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 6.1 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2.7 lakh restaurants across 720+ cities. Instamart, its quick commerce platform operating in 129 cities, delivers groceries and other essentials across 20+ categories. Fueled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Scenes into its multi-service app as well as creating standalone offerings like Pyng and Crew for opening up new market segments. Leveraging cutting-edge technology and Swiggy One, the country’s only membership program offering benefits across food, quick commerce and dining out, Swiggy aims to provide a superior experience to its users.

For more details, please visit our website: www.swiggy.com/corporate/

Disclaimer

This document, except for historical information, may contain certain forward-looking statements including those describing the Company’s strategies, strategic direction, objectives, future prospects, estimates etc. Forward-looking statements can be identified generally as those containing words such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of these expressions or negatives of these terms. These forward-looking statements are based on certain expectations, assumptions, anticipated developments and are affected by factors including but not limited to, risk and uncertainties regarding any changes in the laws, rules and regulations relating to any aspects of the Company’s business operations, general economic, market and business conditions, new or changed priorities of trade, significant changes in political stability in India and globally, government regulations and taxation, litigation, competition among others over which the Company does not have any direct control. The Company cannot, therefore, guarantee that the forward-looking statements made herein shall be realized. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

In addition to financial information presented in accordance with Ind AS, we believe certain Non-GAAP measures are useful in evaluating our operating performance. We use these Non-GAAP financial information to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that Non-GAAP financial information, when taken collectively with financial measures prepared in accordance with Ind AS, provides an additional tool for investors to use in assessment of our ongoing operating results and trends because it provides consistency and comparability with past financial performance.

Built on AWS, Swiggy’s Builders Club is powered by Amazon Bedrock and AgentCore. It provides access to APIs, MCP servers, and transactional capabilities across Swiggy Food, Instamart, and Dineout

Swiggy (Swiggy Ltd, NSE: SWIGGY / BSE: 544285), India’s pioneering on-demand convenience platform, today announced the upcoming launch of Swiggy Builders Club, a community, partnership, and builder enablement program designed for developers, startups, and enterprises building AI-native commerce experiences on top of its platforms.

While Swiggy’s earlier MCP launch opened up the core commerce infrastructure, Builders Club is a distinct next step. It is the ecosystem layer around that infrastructure, designed to define who builds on it, how they engage with Swiggy, what capabilities they bring, and how promising integrations are recognised and scaled into deeper partnerships.

At launch, Builders Club will open access to 3 MCP servers and 18+ API tools across Food, Instamart, and Dineout, enabling approved builders to create AI agents, copilots, assistants, and integrations that can take real-world actions such as ordering food, shopping groceries, or booking dining experiences.

What is Swiggy Builders Club

Builders Club brings external builders into the Swiggy AI ecosystem, not just as API consumers, but as contributors, partners, and early ecosystem participants. It is structured around community, partnerships, skills, and an invite-led access model designed for developers, founders, and enterprise teams who want to build with Swiggy in an AI-first world.

Swiggy Builders Club runs on AWS’s enterprise-grade AI stack:

• Amazon Bedrock: Unified API access to foundation models from Anthropic, Meta, Mistral AI, and others
• AWS Trainium: Purpose-built AI chips delivering up to 50% training cost savings and 30-40% better inference performance
• Amazon Bedrock AgentCore: Framework-agnostic Agentic AI service enabling builders to use any agentic framework or model

Madhusudhan Rao, CTO, Swiggy, said, “The past few months have marked a fundamental shift in Swiggy’s trajectory. With MCP, we opened our commerce infrastructure to AI systems. Builders Club is the next bold step- extending that access to developers and enterprises so they can build AI commerce applications at scale on top of Swiggy. We are moving from platform to ecosystem orchestrator, providing the foundational layer for AI-native commerce innovation. Built on AWS, with Amazon Bedrock and AgentCore, this gives our builder community enterprise-grade infrastructure from day one.”

Sandeep Dutta, President, AWS India and South Asia, said, “Swiggy Builders Club represents the next evolution of AI-powered commerce, and we’re proud that AWS AI services are enabling this developer community. By combining Amazon Bedrock, AWS Trainium, and Amazon Bedrock AgentCore, we’re giving builders the infrastructure to innovate without limits—whether they’re startups experimenting with new ideas or enterprises scaling production AI agents. This partnership demonstrates how open, flexible AI infrastructure can accelerate innovation across India’s digital economy.”

The Role of Skills

A core part of Builders Club is its connection to Skills, reusable capabilities that help AI agents handle real-world tasks more effectively. Builders Club is where MCP integrations, Real World Skills, and the upcoming Builders Platform come together for external developers.

Who Can Apply

Builders Club is open to developers, startups, and enterprises. Participants apply, are reviewed, granted access, and can then build and share a demo. An invite-led motion will manage quality and build early community momentum.

Benefits for Builders and Partners

Beyond endpoint access, Builders Club offers:

• Live API access and generous rate limits
• Direct engineering support and builder enablement
• Co-branding opportunities for standout projects
• Growth partnership support for successful use cases
• A path to participate in a growing ecosystem around agentic commerce, skills, and future platform distribution

To access Swiggy’s Builder’s Club, click here: mcp.swiggy.com/builders

About Swiggy Ltd.

Swiggy is India’s pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by 5.4 lakh delivery partners. With an extensive footprint in food delivery, Swiggy collaborates with over 2.5 lakh restaurants across ~718 cities. Instamart, its quick commerce platform operating in 124 cities, delivers groceries and other essentials across 20+ categories in 10 minutes. Leveraging cutting-edge technology and Swiggy One, the country’s only membership program offering benefits across food, quick commerce, and dining out, Swiggy aims to provide a superior experience to its users.

Co-founder Phani Kishan and Group CFO Rahul Bothra to join the board as Executive Directors;
Co-founder Nandan Reddy transitions to pursue independent ventures; Renan Pinto steps in to replace
Roger Rabalais, Nominee Director

Swiggy Ltd (NSE: SWIGGY | BSE: 544285): Swiggy, India’s leading on-demand convenience platform, has announced a series of strategic updates to its Board of Directors. The Board at its meeting held today, has approved the appointment of Co-founder Phani Kishan and Group CFO Rahul Bothra as Executive Directors effective June 01 2026. Additionally, the Company is welcoming Renan De Castro Alves Pinto from Prosus Ventures as a Nominee Director. Each of these appointments shall be subject to requisite shareholder approvals.

Concurrently, Co-founder Nandan Reddy will be stepping down from his board position and moving on from Swiggy to pursue personal independent projects.

In his current role as Chief Growth Officer, Phani’s work spans business strategy, high-impact partnerships, cross-platform usage, and solving complex problems at scale contributing meaningfully to Swiggy’s evolution into an operating system for modern life.

Rahul Bothra joined Swiggy as its first Chief Financial Officer. With over two decades of experience across domestic and international markets, Rahul has played a central role in shaping Swiggy’s financial and strategic trajectory leading its evolution from a VC backed food delivery startup into a multi-category, publicly listed platform. Beyond capital and performance, Rahul has built Swiggy’s institutional governance framework from the ground up.

Their appointment to the Board, subject to shareholders approval, reflects Swiggy’s commitment to strong, experienced leadership as the company enters its next phase of institutional growth.

“Phani and Rahul have been with Swiggy since the early days, and have been instrumental in steering the company through its most defining chapters. Their understanding of our business and unwavering focus on both innovation and execution, have been foundational to our journey. As we enter the next phase of our growth, their perspective will be invaluable in shaping our long-term direction,” said Sriharsha Majety, Group CEO, Swiggy.

Reflecting on co-founder Nandan Reddy’s transition, Majety remarked, “Nandan has been a vital collaborator and a visionary force throughout Swiggy’s evolution—from our beginnings in a single Bengaluru neighborhood to becoming a nationwide platform serving millions. His steadfast commitment to our culture, innovation, and the consumer experience is woven into our DNA. While his daily presence will be missed, I look forward to the impact of his future endeavors.”

Separately, the Board also welcomed Renan De Castro Alves Pinto as the Nominee Director representing Prosus Ventures, succeeding Roger Rabalais, who steps back following the transition from his role at Prosus Ventures. Renan is an International corporate finance and technology executive with over 20 years of experience across Latin America, North America, Europe and Asia. He is currently Group CFO of Despegar, the largest online travel company in Latin America and part of the Prosus Group.

Anand Kripalu, Independent Director and the Chairperson of its Board of Directors, said, “We are delighted to welcome Swiggy co-founder Phani Kishan and Group CFO Rahul Bothra as Executive Directors to the Swiggy board. Both are long-time champions of the Company who deeply understand its culture, growth trajectory, and ambitions. Having them on the Board brings invaluable institutional knowledge and operational depth to our governance. We also extend our heartfelt thanks to Nandan and Roger for their invaluable contributions to Swiggy’s journey. With the addition of Renan Pinto, the Board reconstitution underscores Swiggy’s readiness for the next decade of growth backed by experienced leadership, strong governance, and continued institutional support.”

About Swiggy

Swiggy is India’s pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 6.9 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2.7 lakh restaurants across 720+ cities. Instamart, its quick commerce platform operating in 131 cities, delivers groceries and other essentials across 20+ categories. Fueled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Scenes into its multi-service app as well as creating standalone offerings like Toing and Crew for opening up new market segments. Leveraging cutting-edge technology and Swiggy One, the country’s only membership program offering benefits across food, quick commerce and dining out, Swiggy aims to provide a superior experience to its users.