Swiggy Q1 Results: Company's loss doubled - Quick Commerce's income doubled

News Topical, Digital Desk : Swiggy Ltd announced its quarterly results for the quarter ended June after the stock market closed on Thursday. The company's losses have increased in the June quarter. The company said in the information given to the exchange that the company's loss has increased to Rs 1197 crore in the first quarter of FY 2026, which was Rs 611 crore in this quarter a year ago. The company's income has seen a growth of 54 percent, which stood at Rs 4961 crore.

The company's income in this quarter a year ago was Rs 3222 crore. The company said that the EBITDA loss has also increased to Rs 954 crore in the June quarter, while it was Rs 554 crore last year.

Segment wise performance The company said that the food delivery business earned Rs 1800 crore, which is 18.6 percent more on an annual basis than Rs 1518 crore last year. The revenue of the Quick Commerce segment was Rs 806 crore, which was Rs 374 crore last year, i.e. an increase of 115 percent. However, the EBIT loss of the Quick Commerce segment has increased to Rs 797 crore, while last year it was Rs 280 crore. 

Share performance The company's stock closed at Rs 403.95 on Thursday with a gain of 0.71 percent. In the last one year, the company's stock has seen a decline of 11.41 percent.

Read More: Dividend Stocks: If there is a jump in profit and earnings then the company gives the gift of Rs 6 dividend per share