India, July 30 -- Swiggy's food delivery business saw its profitability moderate sequentially in the first quarter of FY27 as restaurant order cancellations caused by an LPG supply disruption, seasonal demand softness, and annual wage hikes weighed on margins.

Revenue from the food delivery segment increased 22.7% YoY to Rs.2,208 Cr in Q1 FY27 from Rs.1,799 Cr a year ago. On a sequential basis, revenue rose 6.5% from Rs.2,073 Cr in the preceding quarter.

However, segment profit slipped 2.3% QoQ to Rs.299 Cr from Rs.306 Cr in Q4 FY26, even as it surged 48% from Rs.202 Cr in the year-ago period.

According to Swiggy, food delivery gross order value (GOV) grew 17.4% YoY to Rs.9,490 Cr during the quarter. The company said growth would have ...