Swiggy's Food GOV Up 22.6% YoY in Q4 FY26

Swiggy reported a 22.6% YoY growth in Food Gross Order Value (GOV) for Q4 FY26, marking the highest growth since the post-COVID period normalization. This growth was driven by increased order and user volumes rather than Average Order Values (AOVs). Adjusted EBITDA margins improved to 3.3% (+26 bps QoQ). The company proactively shut down its Snacc quick food experiment. Quick commerce contribution margin improved to -1.8% of GOV during the quarter and further improved to -1.1% for the month of Mar-26. Adjusted EBITDA losses reduced to INR 858 Cr. Dineout GOV grew 43% YoY to INR 1,245 Cr.