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Swiggy losses widens 74% to Rs 1,092 Cr in Q2 FY26, Instamart grows 2X

EntrackrEntrackr · 26d ago
Swiggy losses widens 74% to Rs 1,092 Cr in Q2 FY26, Instamart grows 2X
Medial

Swiggy reported a 54% YoY rise in operating revenue to Rs 5,561 crore in Q2 FY26 from Rs 3,601 crore a year earlier, while losses jumped over 74% during the quarter. Swiggy, the foodtech and quick commerce major, recorded a 54% year-on-year rise in operating revenue to Rs 5,561 crore in Q2 FY26 from Rs 3,601 crore in Q2 FY25. Despite the strong topline growth, the Bengaluru-based firm’s losses swelled by more than 74% in the quarter, according to its consolidated financial statements filed with the stock exchanges. Scootsy Logistics contributed the largest share, 46%, to Swiggy’s overall operating revenue. Its income grew 76% year-on-year to Rs 2,560 crore in Q2 FY26, up from Rs 1,453 crore in the same quarter last year. Swiggy’s food delivery business also grew strongly, rising 22% year-on-year to Rs 1,923 crore in Q2 FY26, and accounted for nearly 35% of the company’s total revenue during the quarter. Swiggy’s quick commerce arm, Instamart, also posted strong growth, with revenue doubling to Rs 980 crore in Q2 FY26 from Rs 490 crore in Q1 FY25. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 5,620 crore in Q2 FY26. On the cost front, procurement of FMCG products for supply chain distribution accounted for 34.9% of Swiggy’s total expenses, rising 69% year-on-year to Rs 2,342 crore in Q2 FY26. Delivery expenses grew 30% to Rs 1,426 crore during the quarter. The company spent Rs 690 crore on employee benefits and Rs 1,039 crore on advertising, which surged 94% year-on-year. Depreciation and amortization expenses also increased 132% to Rs 304 crore. Overall, Swiggy’s total expenses for the quarter increased 56% to Rs 6,711 crore from Rs 4,309 crore in Q2 FY25. A 56% rise in total expenses, led by a 94% increase in advertising costs and a 132% jump in depreciation and amortization, widened Swiggy’s losses by over 74% to Rs 1,092 crore in Q2 FY26 from Rs 626 crore in Q2 FY25. For the first half of FY26, Swiggy reported revenue of Rs 10,522 crore, up 54% from Rs 6,824 crore in H1 FY25. However, its losses also widened by 85% to Rs 2,289 crore during the same period. Recently, Swiggy sold its stake in Rapido for Rs 1,968 crore to Prosus-owned MIH Investments One B.V. and Rs 431.5 crore to Setu AIF Trust and WestBridge, netting Rs 2,399.5 crore in total and earning over 2.5x returns on an investment made less than four years ago.

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Swiggy board approves Rs 10,000 Cr fundraise

EntrackrEntrackr · 18d ago
Swiggy board approves Rs 10,000 Cr fundraise
Medial

url: https://entrackr.com/news/swiggy-board-approves-rs-10000-cr-fundraise-10636718 Content: Swiggy board approves Rs 10,000 Cr fundraise. The fundraise comes as Swiggy looks to strengthen its balance sheet and fuel growth across its core food delivery business and its quick-commerce arm, Instamart. Swiggy Limited, the food delivery and quick commerce company, has received board approval to raise up to Rs 10,000 crore ($1.13 billion) through a public or private offering, including a qualified institutional placement (QIP) or other permissible routes. The company’s board approved the proposal on November 7, 2025, according to a regulatory filing. Swiggy plans to issue equity shares in one or more tranches to eligible investors, subject to shareholder approval at an upcoming extraordinary general meeting. The fundraise comes as Swiggy looks to strengthen its balance sheet and fuel growth across its core food delivery business and its quick-commerce arm, Instamart. The move also aligns with the broader trend of listed new-age firms tapping capital markets to bolster their financial position and expansion plans. Recently, Swiggy reported that its losses widened 74% year-on-year to Rs 1,092 crore in Q2 FY26, while Instamart’s revenue doubled during the same period. The company’s operating revenue surged 23% to Rs 3,760 crore in the quarter, driven by higher order frequency and quick-commerce traction. Meanwhile, the Bengaluru-based company also exited Rapido, securing Rs 2,399.5 crore and yielding over a 2.5X return on its investment made less than four years ago. Swiggy’s proposed capital raise follows rival Zomato’s Rs 8,500 crore QIP in late last year, to strengthen its balance sheet and support its food delivery and quick-commerce verticals.

Delhivery slips into losses in Q2 FY26; revenue grows 17%

EntrackrEntrackr · 20d ago
Delhivery slips into losses in Q2 FY26; revenue grows 17%
Medial

Fintrackr All Stories Delhivery slips into losses in Q2 FY26; revenue grows 17% Logistics company Delhivery announced its Q2 FY26 results on Wednesday, reporting a 17% year-on-year increase in revenue. The Gurugram-based firm slipped into losses during the same period. Delhivery’s revenue from operations grew to Rs 2,559 crore in Q2 FY26 from Rs 2,190 crore in Q2 FY25, according to its financial statements filed with the National Stock Exchange (NSE). Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 92 crore from non-operating activities, bringing its total revenue to Rs 2,651 crore in Q2 FY26. For Delhivery, freight handling and servicing costs made up 68% of its total expenditure, rising by 12.5% to Rs 1,843 crore in Q2 FY26. Employee benefit expenses decreased by 22% to Rs 425 crore. Legal, depreciation, and other overhead costs contributed to an 18% increase in overall expenditure, which reached Rs 2,708 crore in Q2 FY26 from Rs 2,294 crore in Q2 FY25. Delhivery's expenditure outpacing revenue resulted in a loss of Rs 50 crore in Q2 FY26, compared to a profit of Rs 10 crore in Q2 FY25. For the half-year, its profit decreased by 37% to Rs 40.5 crore in H1 FY26 as compared to Rs 64.5 crore in H1 FY25. At the end of the last trading session, Delhivery’s share price stood at Rs 486, giving the company a market capitalization of Rs 36,335 crore (approximately $4 billion).

Swiggy posts Rs 4,961 Cr revenue in Q1 FY26, losses soar 96%

EntrackrEntrackr · 3m ago
Swiggy posts Rs 4,961 Cr revenue in Q1 FY26, losses soar 96%
Medial

Swiggy posts Rs 4,961 Cr revenue in Q1 FY26, losses soar 96% Foodtech and quick commerce major Swiggy has reported a 54% year-on-year growth in its operating revenue which spiked to Rs 4,961 crore during Q1 FY26 as compared to Rs 3,222 crore Q1 FY25. However, the Bengaluru-based company’s losses almost doubled in the same period. Scootsy Logistics contributed a major 46% of Swiggy’s overall operating collection. Income from this entity increased by 78% YoY to Rs 2,259 crore in Q1 FY26 from Rs 1,268 crore in Q1 FY25. Swiggy’s food delivery business continues to be one of the major contributors, accounting for 36% of the total collection in Q1 FY26. Revenues from this vertical grew 19% to Rs 1,800 crore from Rs 1,518 crore in Q1 FY25. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 2X to Rs 806 crore in Q1 FY26 from Rs 374 crore in Q1 FY25. The segment's gross order value (GOV) growth was driven by an increase in order frequency and the addition of new dark stores. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 5,048 crore in Q1 FY26. On the cost side, the procurement of FMCG products for supply chain distribution formed 33% of its overall cost which increased by 72% to Rs 2,064 crore in Q1 FY26. Meanwhile, the delivery charges saw 26% growth to Rs 1,313 crore in Q1 FY26. Swiggy spent Rs 686 crore and Rs 1,036 crore on employee benefits and advertising, respectively. Overall, Swiggy’s total expenses for the quarter increased 60% to Rs 6,244 crore from Rs 3,908 crore in Q1 FY25. The 60% growth in expenditure led losses to increase by 96% to Rs 1,197 crore in Q1 FY26 from Rs 611 crore in Q1 FY25. Recently Swiggy reshuffled its board as Sumer Juneja from SoftBank and Anand Daniel from Accel resigned from their roles as nominee directors on Swiggy’s board. Following these departures, Swiggy appointed Faraz Khalid, CEO of Middle East commerce platform noon, as an independent director. Swiggy shares were trading at Rs 404 at the end of Thursday with a total market capitalization of Rs 1,00,730 crore.

FirstCry parent records Rs 2,099 Cr revenue, Rs 111 Cr EBITDA in Q2 FY26

EntrackrEntrackr · 11d ago
FirstCry parent records Rs 2,099 Cr revenue, Rs 111 Cr EBITDA in Q2 FY26
Medial

FirstCry's revenue from operations grew to Rs 2,099 crore in Q2 FY26 from Rs 1,905 crore in Q2 FY25, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. Brainbees Solutions, the parent of kids-focused omnichannel retailer FirstCry, reported a 10% year-on-year rise in revenue and a 20% reduction in losses for the quarter ending September 2025. The sale of its products through offline stores and websites in India and the international market was the primary source of revenue, accounting for nearly 77% of total operating revenue, while its subsidiary, GlobalBees, contributed Rs 493 crore. The company also made Rs 38 crore from interest income which took its overall revenue to Rs 2,137 crore in Q2 FY26, compared to Rs 1,936 crore in Q2 FY25. For the omnichannel retailer, the cost of procurement of materials accounted for 61% of the overall expenditure which increased 11% year-on-year to Rs 1,329 crore in Q2 FY26 from Rs 1,194 crore in Q2 FY25. FirstCry’s employee benefits stood at Rs 203 crore in Q2 FY26 which includes Rs 59 crore as ESOP cost. The marketing, legal, rent, and technology were other overheads that pushed the overall expenditure to Rs 2,175 crore in Q2 FY26. The decent scale and controlled expenditure helped FirstCry to reduce its losses by 20% to Rs 50.5 crore in Q2 FY26. Notably, the company reported a positive EBITDA of Rs 111 crore. For the six months ended September 2025, the company’s loss decreased by 15% to Rs 117 crore in H1 FY26 from Rs 138 in H1 FY25. At the end of today’s trading session, FirstCry’s share price stood at Rs 335 per share, with a total market capitalization of Rs 17,503 crore (approximately $1.9 billion).

Unicommerce’s revenue grows 75% in Q2 FY26

EntrackrEntrackr · 14d ago
Unicommerce’s revenue grows 75% in Q2 FY26
Medial

E-commerce enablement SaaS platform Unicommerce reported its financial results for Q2 FY26, posting a 75% year-on-year revenue growth, steered by its recent acquisition of courier aggregator platform Shipway. The Gurugram-based company’s revenue from operations rose to Rs 51.38 crore in Q2 FY26 from Rs 29.3 crore in Q2 FY25, according to its financial statement sourced from National Stock Exchange (NSE). Unicommerce operates in the e-commerce enablement SaaS sector, providing integrated solutions for order and inventory management, returns, omnichannel operations, and more. Including other undisclosed income, Unicommerce’s total income for Q2 FY26 stood at Rs 52.23 crore. On a half-year basis, its operating revenue surged nearly 70% to Rs 96.3 crore in H1 FY26 from Rs 56.77 crore in H1 FY25. On the expense side, employee benefits and server hosting costs rose slightly to Rs 16.93 crore and Rs 1.35 crore, respectively, in Q2 FY26, while depreciation and amortization increased to Rs 2 crore. Overall, Unicommerce’s total expenses for the quarter increased 81% to Rs 44.44 crore from Rs 24.58 crore in Q2 FY25. By the end of Q2 FY26, the firm posted a 28% year-on-year increase in profit to Rs 5.78 crore, up from Rs 4.47 crore in Q2 FY25. On a unit basis, the company spent Re 0.86 to earn one rupee of operating revenue. At the end of today’s trading session, Unicommerce’s share price closed at Rs 129, giving it a total market capitalization of Rs 1,436.57 crore (about $163 million).

EaseMyTrip posts Rs 118 Cr revenue in Q2 FY26; slips into losses

EntrackrEntrackr · 10d ago
EaseMyTrip posts Rs 118 Cr revenue in Q2 FY26; slips into losses
Medial

EaseMyTrip posts Rs 118 Cr revenue in Q2 FY26; slips into losses Online travel aggregator (OTA) platform EaseMyTrip struggled during the second quarter of the ongoing fiscal year (FY26), with revenue declining over 18% and losing profitability. EaseMyTrip’s operating revenue decreased by 19% to Rs 118 crore in Q2 FY26 from Rs 145 crore in Q2 FY25, as per its financial statements filed with the National Stock Exchange (NSE). Air ticketing contributed 61% of the company’s revenue but fell 22% to Rs 72 crore in Q2 FY26, down from Rs 92.5 crore in Q2 FY25. Hotel packages accounted for 27% of total revenue, generating Rs 32 crore. Including other undisclosed income, its total income for Q2 FY26 stood at Rs 126 crore, compared to Rs 150 crore in Q2 FY25. According to the disclosure, the company’s revenue decreased by 22% to Rs 232 Cr in H1 FY26 from Rs 297 Cr in H1 FY25. EaseMyTrip’s total expenses rose 6% to Rs 120 crore in Q2 FY26 from Rs 113 crore in Q2 FY25. Employee benefit accounted for 26% of the total, increasing 24% to Rs 31 crore in Q2 FY26. Payment gateway charges, service costs, and advertising were other major costs for EaseMyTrip in the last quarter. With the dip in revenue and expense increasing, the company slipped into losses of Rs 36 crore in Q2 FY26 as compared to a profit of Rs 27 crore in Q2 FY25. On a unit basis, the Delhi-based company spent Rs 1.02 to earn a rupee of operating revenue during the last quarter. The company also announced the change of its senior officials in which Mr. Sankalp Kaul was appointed as Chief Technology Officer (CTO) of the Company replacing Mr. Naimish Sinha and Mr. Manmeet Ahluwalia was appointed as Chief Marketing Officer (CMO) of the Company. EaseMyTrip's board has approved the issuance of 55.93 crore fully paid-up equity shares worth Rs 514.06 crore on a preferential basis. The shares will be allotted to seven non-promoter investors including Ashish Begwani, Sunil Jain, Dhankalash Distributors, Divyank Singhal, Levo Beauty, SSL Nirvana Grand Golf Developers, and Javaphile Hospitality.

Bluestone revenue go past Rs 500 Cr in Q2 FY26; controls losses

EntrackrEntrackr · 21d ago
Bluestone revenue go past Rs 500 Cr in Q2 FY26; controls losses
Medial

Bluestone has announced its financial results for the second quarter of the ongoing fiscal year (Q2 FY26) on Tuesday. The firm’s revenue grew by 37.5% year-on-year, while its losses were reduced by 38% in the same period. Bluestone's revenue from operations increased to Rs 513 crore in Q2 FY26, compared to Rs 373 crore in Q2 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. On a half-yearly basis, Bluestone’s operating revenue increased by 39% to Rs 1,006 crore in Q2 FY26 from Rs 722 crore in Q4 FY25. The sale of diamond, gold, platinum, gemstone, and pearl jewelry was the sole source of revenue from Bluestone. However, the firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 12 crore from non-operating sources, which took Bluestone’s total revenue to Rs 525 crore in the first quarter. On the expense front, the cost of materials remained the largest cost center for Bluestone, accounting for 54% of its total expenditure. This expense increased by 32% year-on-year, rising to Rs 310 crore in Q2 FY26 from Rs 235 crore in Q2 FY25. Employee benefit rose 60% to Rs 72 crore in Q2 FY26. Overall, Bluestone's total costs grew by approximately 23%, reaching Rs 576 crore in Q2 FY26. The growth momentum in the company helped to cut its losses by 38% to Rs 52 crore in Q2 FY26 from Rs 84 crore in Q2 FY25. For the half-year, the company’s loss decreased by 40% to Rs 87 crore in H1 FY26 from Rs 144 crore in H1 FY25. Bluestone launched its initial public offering (IPO) in August 2025, with a price band set between Rs 492 and Rs 517 per share. The stock made its market debut on 19 August 2025 at Rs 510, reflecting a slight 1.3% discount from its issue price of Rs 517 and raised Rs 1,500 crore overall, which included Rs 693 crore garnered from anchor investors earlier that month. At the end of today’s trading session, Bluestone’s share traded at Rs 714, with a 0.4% increase in its share price. The company’s total market capitalization stood at Rs 10,810 crore (approx $1.2 billion).

Ather overtakes Ola Electric with Rs 899 Cr revenue in Q2 FY26

EntrackrEntrackr · 15d ago
Ather overtakes Ola Electric with Rs 899 Cr revenue in Q2 FY26
Medial

Electric two-wheeler maker Ather Energy has announced its financial results for the second quarter of the ongoing financial year FY26. The company reported a 54% year-on-year jump in its operating revenue compared to Q2 FY25. The Bengaluru-based firm has surpassed its competitor Ola Electric in terms of revenue. Ather’s revenue from operations increased by 54% to Rs 899 crore in Q2 FY26, from Rs 583 crore in Q2 FY25, according to its quarterly report sourced from the National Stock Exchange (NSE). On a half-yearly basis, the company’s revenue increased by 64% to Rs 1,543 crore in H1 FY26 from Rs 944 crore in H1 FY25. Ather’s cost of materials, primarily steered by battery and component procurement, made up the largest share of its expenditure. This cost increased by 50% to Rs 730 crore in Q2 FY26 from Rs 485 crore in the same period last year, accounting for over 67% of the total expenses during the quarter. Employee benefit expenses remained flat at Rs 114 crore in Q2 FY26 compared to Rs 110 crore in Q2 FY25. Depreciation and amortization cost too remained flat at Rs 43 crore in the same period. Overall, Ather’s total expenditure grew 38% to Rs 1,095 crore in Q2 FY26, up from Rs 796 crore in Q2 FY25. As a result, the company’s net losses reduced by 20% to Rs 157 crore in Q2 FY26 from Rs 197 crore in Q2 FY25. In terms of EV sales, Ather Energy retained its third position in October, rebounding from flat growth in September to post a robust 53% increase with 28,061 registrations, capturing a strong 19.53% market share. The company also surpassed Ola Electric in terms of market capitalization. Ather’s competitor Ola Electric’s topline shrank by nearly 46% year-on-year to Rs 660 crore during the second quarter of FY26. The Bengaluru-based firm managed to control its losses by 16% in the same period. At the end of today’s trading session, Ather Energy’s share price was trading at Rs 624 per share. The company’s market capitalization stood at Rs 23,751 crore ($2.5 billion).

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