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Swiggy Q4 result: Loss almost doubles to ₹1,081 cr, revenue jumps 45%
Meanwhile, the food delivery platform's consolidated revenue from operations jumped by 44.8 per cent to ₹4,410 crore from ₹3,045.5 crore in Q4 FY24. Moreover, the revenue jumped 10 per cent sequentially from ₹3,993 crore.
'FY25 was a year of many firsts for Swiggy. We launched multiple new apps, across Instamart, Snacc and recently, Pyng; all of which are aimed at opening up new user segments and markets. Our Food delivery engine delivered best-ever results across innovation and execution, driving category-leading growth and rising profitability in lockstep," Sriharsha Majety, MD and group CEO, Swiggy, said, commenting on the results.
"Quick-commerce is in a phase of rapid expansion and heightened competitive intensity, for which we have ramped up investments aimed at market expansion (Megapods), reach (1000+ stores across 124 cities) and differentiation (Maxxsaver). Our Out of Home Consumption business turned profitable in Q4, within just 2 years of its integration. Overall, we remain focused on growth, on the back of delivering unparalleled convenience to consumers,' Majety added.
Swiggy FY25 result
For the entire year, Swiggy's consolidated loss widened to ₹3,116.8 crore compared to ₹2,350.2 crore reported at the end of FY24. While the consolidated revenue increased to ₹15,226.8 crore from ₹11,247.3 crore.
Swiggy also stated that its average order value increased by 13.3 per cent Y-o-Y to ₹527. "Instamart added 316 new dark stores, a 45 per cent quarter-on-quarter increase, its highest-ever during a quarter," the statement added.
Shares of Swiggy were down 0.19 per cent at ₹314 apiece on the BSE at the close of trading on Friday, ahead of the company's earnings announcement.
Swiggy Q4 result highlights
Loss (attributed to owners of the company): ₹1,081.2 crore
Revenue: ₹4,410
Loss per share: ₹4.60 (Basic and diluted)
Swiggy FY25 result highlights
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