Archive · 30 Jan 2026
Swiggy and Meesho Report Q3 Financials
Swiggy and Meesho, two big companies in India, recently shared their financial results for the third quarter of the financial year 2026.
Swiggy, which delivers food and other items quickly, reported a bigger loss of ₹1,065 crore compared to the same period last year, but their revenue grew by 54%.
This growth was mainly because more people are using their food delivery and quick commerce services.
Meesho, an e-commerce platform, also reported a wider net loss of ₹490 crore, but their revenue grew by 31%.
They also became free cash flow positive, meaning they have more cash coming in than going out.
Both companies are investing a lot in expanding their networks and attracting more customers, which is why they are experiencing losses despite revenue growth.
They expect things to improve in the next two quarters.
Swiggy reported a wider Q3 net loss of ₹1,065 crore, up from ₹799 crore in the same period last year, with revenue growing 54% to ₹6,148 crore.
Meesho reported a net loss of ₹490 crore in Q3, up from ₹37 crore in the same quarter last year, with revenue growing 31% to ₹3,517 crore.
Meesho's net merchandise value (NMV) grew 26% year-on-year to ₹10,995 crore, with annual transacting users increasing 34% to 251 million.
Both companies are investing heavily in expanding their networks and attracting more customers, leading to temporary inefficiencies and increased costs.
Both Swiggy and Meesho expect significant improvements in their financial performance in the next two quarters.
- Who
- Swiggy and Meesho, Indian food delivery and e-commerce companies
- What
- Reported their Q3 financial results, showing both revenue growth and increased losses
- When
- Third quarter (Q3) of FY26
- Where
- India
- Why
- Due to strong growth in their respective businesses and continued investments in network expansion and competitive spending
- Swiggy Q3 Net Loss
- ₹1,065 crore
- Swiggy Q3 Revenue
- ₹6,148 crore
- Swiggy Revenue Growth (YoY)
- 54%
- Swiggy Food Delivery Revenue
- ₹2,041 crore
- Swiggy Instamart Revenue
- ₹1,016 crore
- Swiggy Dark Stores Added
- 37
- Swiggy Total Dark Stores
- 1,136
- Swiggy Instamart Adjusted Ebitda Loss
- ₹791 crore
- Swiggy Instamart GOV
- ₹7,938 crore
- Swiggy Monthly Transacting Users
- 12.8 million
- Meesho Q3 Net Loss
- ₹490 crore
- Meesho Q3 Revenue
- ₹3,517 crore
- Meesho Revenue Growth (YoY)
- 31%
- Meesho NMV
- ₹10,995 crore
- Meesho NMV Growth (YoY)
- 26%
- Meesho Annual Transacting Users
- 251 million
- Meesho Placed Orders
- 690 million
- Meesho Free Cash Flow
- ₹56 crore
- Meesho Cash Balance
- ₹7,277 crore
- Meesho Contribution Margin
- 2.3% of NMV
- Meesho Adjusted EBITDA Margin
- -4.2%
Sources
Swiggy’s Q3 Loss Widens To ₹1,065 Crore Despite 54 Per Cent Revenue Growth
Swiggy Q3 loss widens to Rs 1,065 crore; Instamart gross order doubles
Swiggy’s Q3 net loss widens to Rs 1,065 cr as Instamart expansion weighs on losses
Swiggy Instamart Says It Won’t ‘Buy Growth’ With Discounts Amid Quick Commerce Price Battle
Instamart losses widen despite margin gains, echoes rival’s competitive warnings
Swiggy beats revenue estimates, loss widens on quick commerce drag
Swiggy share price cracks over 7% after Q3 net loss widens. Should you buy, sell or hold?
Swiggy shares tank 8% as Q3 loss widens, brokerages divided
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Swiggy's Losses Rise To Rs 1,065 Cr
Swiggy Instamart, Blinkit call quick commerce competition 'irrational'
ITC shares swing after Q3 miss, brokerages cautious
Meesho bets on logistics fixes, operating leverage to lift margins after Q3 loss widens
Meesho reports 26% revenue growth, turns free cash flow positive in Q3
