Eternal, the parent company of Zomato, made 183% more money in the second quarter of FY26 than it did in the same quarter the year before. During the same time period, Swiggy, its main competitor, saw its revenue rise 54% to Rs 5,561 crore. This was much better. Zomato’s sales rose, but its net profit fell from Rs 65 crore last year to Rs 65 crore this year. The company spent more on quick commerce (Blinkit) and growth, which led to this. Swiggy’s losses, on the other hand, grew to Rs 1,092 crore, even as its sales rose. This shows that the two businesses make money in different ways.
Zomato’s business improved significantly, and its profit margins rose from 5% of net order value to 5.3% in the last quarter. The company opened 272 more Blinkit stores and got 3.9 million more paying customers during the quarter. Even though Swiggy’s Instamart is still losing money, this made it clear that it is the leader in quick commerce. Zomato needs to make more money right away, but to stay ahead of the competition, it is focusing on expanding its dark-store network and improving its delivery speed.
Swiggy’s sales went up, but so did its losses because its costs went up. Swiggy lost Rs 1,092 crore, which is more than it has lost in the last few quarters. This means the company is spending more on subscription services and Instamart, which are services and logistics. On the other hand, Zomato’s profits rose from one quarter to the next, increasing by 160% from the previous quarter. This means that the business is getting better at what it does.
The gap in sales and market share between Zomato and Swiggy is widening. Zomato is still the best at covering the whole country, doing business quickly, and valuing the public market. Both companies are working hard to capture a share of India’s growing grocery and food-delivery market. Zomato’s revenue growth and margins in Q2, on the other hand, show that it is currently ahead in terms of size and execution.
Overall, Zomato had a great quarter. It made more money than ever before and made a profit again. It made more money and performed better than Swiggy, and it also invested in initiatives to help it grow in the future. Swiggy is still a tough competitor, but it is currently lagging in sales and struggling to turn a profit as it grows.