Swiggy Q3 Preview: Losses to widen as Instamart investments weigh; revenue may jump 47% YoY

Swiggy is expected to post strong revenue growth of about 47% YoY in Q3FY26, led by steady food delivery demand and a sharp rise in quick commerce. However, continued investments in Instamart, rising competition, and dark store expansion costs are likely to widen losses, with brokerages estimating a Q3 loss in the range of Rs 804–1,045 crore.