India, Aug. 1 -- Swiggy underwent a UI-UX change last month, giving its app a new look. While the fresh design gave Swiggy a facelift, its Q1 FY26 financial numbers revealed an almost familiar picture - burn to grow.

The company's revenue grew, but so did its losses. The Bengaluru-based food delivery giant saw its operating revenue jump 54% YoY to INR 4,961 Cr in the first quarter of FY26, while net loss soared 96% YoY to INR 1,197 Cr.

Food delivery continued to be the backbone of Swiggy. Its gross order value (GOV) jumped 19% to INR 8,086 Cr. However, the food delivery segment's margins took a hit on a QoQ basis due to an increase in delivery executive incentives, higher marketing spends, and a rise in discounts.

Consequently, the pro...