Swiggy Q2 Results: Loss narrows YoY to Rs 922 crore; revenue jumps 36%

Swiggy’s second-quarter results showed a year-on-year narrowing of its loss to Rs 922 crore, alongside a 36% increase in revenue.

Loss narrows year on year

The reported loss of Rs 922 crore marks a reduction from the loss recorded in the corresponding period a year earlier. The result places the company’s quarterly financial performance in focus as revenue continued to expand.

Revenue growth remains central

Swiggy’s revenue rose 36% in the quarter. The increase represents the key growth figure in the reported results, while the narrower loss indicates an improvement in the company’s bottom-line performance compared with the year-earlier period.

Together, the figures present a mixed but improving quarterly picture: Swiggy continued to report a loss, but that loss declined year on year as revenue grew.