Swiggy's Q4 Loss Expands to Rs 1,081 Crore during Heavy Quick Commerce Investment

By siliconindia  |  Friday, 09 May 2025, 23:19 Hrs


Swigg's Q4 Loss Expands to Rs 1,081 Crore during Heavy Quick Commerce Investment

In Short

  • Swiggy reported a consolidated net loss of Rs 1,081.18 crore for the quarter ending March
  • Despite the losses, revenue from operations surged 45% year-on-year to Rs 4,410 crore
  • The company also saw significant growth in monthly transacting users

Food delivery and quick commerce leader Swiggy reported a steep increase in its consolidated net loss to Rs 1,081.18 crore for the quarter ended March, almost double the Rs 554.77 crore loss a year ago.The increase in losses was led by aggressive spending on its quick commerce business, Instamart. Aside from the increasing losses, Swiggy's revenue from operations surged 45% year-on-year to Rs 4,410 crore for the January-March quarter compared to Rs 3,045.5 crore a year ago, as per a regulatory filing.Total expenses, however, ballooned to Rs 5,609.6 crore from Rs 3,668 crore in the previous year-ago quarter, marking the cost of expansion and acquiring customers.

Swiggy mentioned the gross order value (GOV) of its core food business grew 17.6% year on year to Rs 7,347 crore. Adjusted EBITDA amounted to Rs 212 crore, an increase of five times compared with the corresponding previous year and an increase of 15.4% sequentially. This resulted in margin growth to 2.9% of GOV, from a mere 0.5% a year ago.Instamart, Swiggy's quick commerce business, witnessed average order value increase 13.3% to Rs 527. The company onboarded 316 dark stores in the quarter a 45% sequential increase marking the highest addition in one quarter so far.

Swiggy also saw a 40% quarter-on-quarter growth in monthly transacting users (MTUs) to 9.8 million, driven by higher investment in customer acquisition in the face of stiff market competition." Quick commerce is experiencing a phase of fast growth and increased competitive intensity," Swiggy MD & Group CEO Sriharsha Majety said. "We have accelerated investments in market growth, reach, and product differentiation." Our Out-of-Home Consumption business became profitable in Q4, only two years since integration."Majety further noted that Swiggy continues to be growth-driven, centered around its vision of providing never-before-seen convenience to consumers."

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