Swiggy Reports 20.5% YoY Growth in Food Delivery GOV for Q3 2025
Filing Summary
Swiggy Ltd released its unaudited financial results for the quarter ended December 31, 2025. The company reported a 20.5% year-over-year increase in Gross Order Value (GOV) for its food delivery segment, reaching INR 8,959 crore. Instamart, Swiggy’s quick-commerce platform, saw a 103% YoY GOV growth, totaling INR 7,938 crore. The platform’s Average Monthly Transacting Users (MTU) increased by 37% YoY to 24.3 million. Swiggy’s Adjusted EBITDA margin for food delivery improved to 3.0% of GOV. The company continues to expand its quick-commerce network, adding 34 darkstores this quarter.
Swiggy Ltd has announced its unaudited financial results for the quarter and nine months ending December 31, 2025. The company reported a significant increase in its food delivery business, with a Gross Order Value (GOV) growth of 20.5% year-over-year, reaching INR 8,959 crore. The Average Monthly Transacting Users (MTU) for food delivery grew by 22% YoY to 18.1 million. The company also noted improvements in its Adjusted EBITDA margin, which increased to 3.0% of GOV.
In the quick-commerce segment, Swiggy’s Instamart reported a 103% YoY growth in GOV, amounting to INR 7,938 crore. The platform’s contribution margin improved by approximately 9 basis points quarter-over-quarter to -2.5%. Despite an Adjusted EBITDA loss of INR 908 crore for the quarter, the margin improved to -11.4% from -12.1% in the previous quarter. The company added 34 darkstores, expanding its network to 1,136 darkstores across 131 cities, covering 4.8 million square feet.
Swiggy’s operational highlights include a 37% YoY increase in the platform’s Average MTU, reaching 24.3 million users. More than 36% of users utilized multiple services offered by the platform. The Out of Home Consumption segment continued its profitable trajectory with a 49% YoY GOV growth, and Adjusted EBITDA margins grew to 0.7% of GOV.
The company continues to focus on expanding its quick-commerce offerings and optimizing customer incentives to improve operating leverage. Swiggy has been enhancing its basket-building proposition and expanding its non-grocery selection, contributing to a 39.7% YoY increase in average order value, which reached INR 746.
Swiggy’s strategic initiatives include deepening wallet penetration and expanding its assortment across categories. The company has also successfully completed a qualified institutional placement, which strengthens its balance sheet and supports sustained investment in growth and innovation.
Swiggy is a leading on-demand convenience platform in India, founded in 2014. It collaborates with over 2.7 lakh restaurants across more than 720 cities for food delivery. Its quick-commerce platform, Instamart, operates in 131 cities, delivering groceries and essentials across 20+ categories. Swiggy continues to innovate by integrating new services like Swiggy Dineout and Swiggy Scenes into its app and creating standalone offerings like Snacc, Toing, and Crew.