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Swiggy Dineout Edges Up to 31% Share After Prolonged Decline; Zomato Still Leads

Zomato’s share of the out-of-home segment rose to nearly 69% in Q2 FY26, up from 52% in Q1 FY24. Swiggy Dineout’s contribution declined to 31%, reflecting a decisive shift in consumer preference and platform engagement toward Zomato’s dine-out ecosystem.

,   and  Datum Intelligence
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Table of Contents

Zomato continues to dominate India’s out-of-home dining market, holding ~69% share of combined Gross Order Value (GOV) in Q2 FY26, compared to Swiggy Dineout’s 31%.

However, after five consecutive quarters of decline, Swiggy Dineout has shown a mild recovery, inching up from ~25% in Q3 FY25 to 31% in Q2 FY26, suggesting early stabilization in its dine-out business.

What It Means

  • Sustained Zomato Dominance: Zomato’s integrated Gold program, deep restaurant partnerships, and cross-platform engagement continue to anchor its leadership, maintaining a strong 2:1 advantage over Swiggy in dine-out GOV share.
  • Swiggy’s Gradual Recovery: The recent uptick indicates that Swiggy’s merchant onboarding and consumer offers may be beginning to gain traction, reversing earlier losses after the Dineout integration.
  • Category Maturity: The dine-out segment is consolidating around these two players, with growth now driven more by loyalty engagement and bundled rewards than by aggressive discounting.

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