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Swiggy Reports 45% Revenue Growth but Sees Losses Widen to ₹1,081 Crore

Aggressive investments in Instamart's quick-commerce expansion drive growth but strain profitability as dark store network surges.

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Overview

  • Swiggy's Q4 FY25 revenue increased 44.8% year-on-year to ₹4,410 crore, driven by strong performance across food delivery and Instamart.
  • The company's net loss nearly doubled from the previous year, reaching ₹1,081 crore, with EBITDA loss widening to ₹732 crore due to heavy investments in quick commerce.
  • Instamart's Gross Order Value (GOV) doubled year-on-year to ₹4,670 crore, fueled by the addition of 316 new dark stores, the highest quarterly expansion to date.
  • Swiggy's core food delivery segment achieved a 17.6% GOV growth to ₹7,347 crore, with adjusted EBITDA margins improving to 2.9%, up from 0.5% a year ago.
  • The platform's monthly transacting users grew 35% year-on-year to 1.98 crore, with 35% of users engaging with more than one service.