Swiggy’s share price climbed nearly 4% on Friday after the company released its Q2 FY26 results. The food delivery and quick commerce platform reported a widened consolidated net loss of ₹1,092 crore for the September quarter, compared to ₹626 crore in the same period last year. The losses were mainly driven by higher spending in the quick commerce segment and increased advertising and sales costs.
Despite this, revenue from operations surged 54% year-on-year to ₹5,561 crore, while total expenses rose to ₹6,711 crore from ₹4,309 crore. Swiggy’s board will meet on November 7 to consider raising up to ₹10,000 crore through a qualified institutional placement (QIP). The company also created a new subsidiary, Swiggy Instamart Private Limited, to oversee Instamart operations, and approved the transfer of the quick commerce business to this entity through a slump sale.
Swiggy additionally agreed to sell its stake in Rapido for ₹2,399 crore. Brokerages noted strong growth in both food delivery and Instamart, with a 24.2% QoQ rise in quick commerce gross order value and improved store efficiency. Technically, analysts said the stock remains range-bound with a bearish bias, with key support near ₹400.
