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Entrepreneur
10-05-2025
- Business
- Entrepreneur
Swiggy Q4 FY25 Adjusted EBITDA Loss Increased to INR 840 Crore
The food delivery segment, however, delivered a standout performance, with GOV increasing 17.6 per cent year-on-year to INR 7,347 crore and adjusted EBITDA margins improving to 2.9 per cent of GOV, up from just 0.5 per cent a year earlier. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Swiggy Ltd. reported a surge in overall business activity for the fiscal year ended March 31, 2025, with gross order value (GOV) from its core platform rising nearly 40 per cent year-on-year to INR 12,888 crore. The company's performance was disclosed in a regulatory filing on Friday. While the topline momentum remained robust across verticals, Swiggy's consolidated adjusted EBITDA loss widened to INR 732 crore, driven by significant growth investments in its quick-commerce business, Instamart. The food delivery segment, however, delivered a standout performance, with GOV increasing 17.6 per cent year-on-year to INR 7,347 crore and adjusted EBITDA margins improving to 2.9 per cent of GOV, up from just 0.5 per cent a year earlier. "FY25 was a year of many firsts for Swiggy. We launched multiple new apps across Instamart, Snacc, and recently, Pyng—all aimed at opening up new user segments and markets," said Sriharsha Majety, managing director & Group CEO, Swiggy. "Our food delivery engine delivered best-ever results across innovation and execution, driving category-leading growth and rising profitability in lockstep." Quick-commerce saw the sharpest growth but also the heaviest financial strain. Instamart clocked a 101 per cent year-on-year jump in GOV to INR 4,670 crore in Q4, with average order value rising 13.3 per cent to INR 527. The segment added 316 darkstores during the quarter, more than the combined number added over the previous eight quarters, expanding Swiggy's footprint to 124 cities. As a result, active darkstore area swelled by 62 per cent quarter-on-quarter to 4 million square feet. This aggressive expansion came at a cost. Swiggy reported a higher adjusted EBITDA loss of INR 840 crore in Q4, with contribution margin slipping to -5.6 per cent from -4.6 per cent in the previous quarter due to the high proportion of new stores and first-time users. Swiggy's Out of Home Consumption business turned profitable in Q4, achieving 42 per cent year-on-year growth in GOV and a positive adjusted EBITDA margin of 0.3 per cent. Meanwhile, platform-wide monthly transacting users (MTUs) rose 35 per cent year-on-year to 19.8 million, with 35 per cent of users engaging with more than one service.
United News of India
09-05-2025
- Business
- United News of India
Instamart GOV doubles, Swiggy adds 316 darkstores
Bengaluru, May 9 (UNI) Swiggy Ltd on Friday reported a dramatic acceleration in its quick-commerce arm, Instamart, which grew its Gross Order Value (GOV) by a staggering 101 per cent year-on-year to ₹4,670 crore in Q4, driven by the addition of 316 new darkstores, more than the cumulative number added over the past eight quarters. The move expanded Instamart's footprint to 124 cities, marking the platform's most aggressive capacity rampup to date. This surge came even as the company's consolidated platform GOV across B2C businesses rose 40 per cent YoY to ₹12,888 crore. Swiggy's total adjusted EBITDA loss widened to ₹732 crore for the quarter, reflecting heavy investment in Instamart's growth and user acquisition. While quick-commerce saw mounting losses, Instamart's adjusted EBITDA loss stood at ₹840 crore—Swiggy's core food delivery business continued to deliver resilient performance. GOV in the food delivery segment rose 17.6 per cent YoY to ₹7,347 crore, while adjusted EBITDA margins improved significantly to 2.9 per cent of GOV, up from 0.5 per cent a year ago. Monthly transacting users in food delivery rose by 2.2 million over the year, buoyed by innovations such as the 'Bolt' express delivery system and premium One BLCK subscription. Swiggy's 'Out of Home Consumption' segment turned profitable during the quarter, achieving 42 per cent YoY GOV growth and adjusted EBITDA margins of 0.3 per cent of GOV. The company's average MTU base across services grew 35 per cent YoY to 19.8 million, with 35 per cent of users now engaging with more than one service on the platform. "FY25 was a year of many firsts for Swiggy," said Sriharsha Majety, MD & Group CEO. "Quick-commerce is in a phase of rapid expansion and heightened competitive intensity. We are focused on growing across categories by delivering unparalleled convenience to consumers." UNI BDN SSP
Economic Times
08-05-2025
- Business
- Economic Times
Swiggy Q4 Preview: Revenue growth seen strong, but losses to continue
Food delivery company Swiggy is expected to report steady revenue growth for the fourth quarter of FY25, driven by continued strength in its quick commerce (Instamart) and food delivery businesses. However, profitability is likely to remain under pressure due to high operating costs, particularly in the Instamart segment, which continues to require significant investments. ADVERTISEMENT The company's consolidated revenue is projected to rise 26% year-on-year (YoY), supported by a sharp increase in order volumes for both food delivery and Instamart. Meanwhile, losses are likely to widen up to Rs 1,031 crore. The company's aggressive focus on customer acquisition, coupled with rising delivery and promotional costs, is expected to impact profitability. Swiggy's operational metrics in the quarter may also reflect the impact of seasonal demand, with an uptick in food delivery orders but at a high customer acquisition cost. According to Motilal Oswal, Swiggy is likely to report a revenue of Rs 4,227 crore, driven by robust order growth in its food delivery business. However, the brokerage expects the company's losses to widen as a result of higher discounts, increased delivery costs, and elevated marketing expenses."Key factors to monitor include Instamart's GOV and AOV growth, dark store additions, and margins. FY26 absolute loss has been revised to Rs 3,750 crore from Rs 1,450 crore, driven by lower adjusted EBITDA in QC due to dark store expansion," the brokerage Institutional Equities is relatively less optimistic, forecasting a slightly lesser revenue of Rs 4,218 crore. The brokerage ADVERTISEMENT is modeling 20 bps quarter-on-quarter expansion in consolidated margins of food delivery business to 7.6% in 4Q."Coupled with GMV increase, this will result in 2.6% EBITDA margin as % of GMV for this segment. We expect EBITDA loss of Rs 870 crore for the Instamart business, sharply higher QoQ, as we model losses from new stores as well as higher competitive intensity," it said. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
The Sun
23-04-2025
- Lifestyle
- The Sun
I get £2.9K in UC a month & people think I'm rolling in it – but as a pregnant mum-of-3 who also WORKS I'm left with £25
A YOUNG mum has revealed that she gets almost £3,000 a month in Universal Credit, but is left with just £25 after her bills and nursery costs. Millie, a 21-year-old mum-of-three who is 'attempting to budget better and save more ', explained that her nursery fees cost her almost £2,000 a month alone. 2 2 Not only this, but her rent and bills amount to nearly £1,000. As a result of her monthly outgoings, the young woman, who is now pregnant with baby number four, due in September 2025, is often left 'skint' just days after receiving her benefits. The young woman, who is from the UK, has a job and also makes "a little bit of money" from her TikTok videos via the Creator Fund, took to social media to share her situation, leaving many totally stunned. Millie, who is eligible for Universal Credit, which is given to UK residents with a low income or those who need help with their living costs, as well as child benefits, claimed that people think she is 'rolling in the money', but was eager to share the reality of her life. In a short clip which saw her doing laundry, Millie revealed: 'Universal Credit gave me £2,917 this month and I just wanted to do a little breakdown of where this all went and how much I had left over after paying everything.' Millie explained that as well as spending £910 on rent, gas, council tax and 'all that lovely stuff', she also has huge nursery costs. The content creator, who previously revealed that haters called her a 'benefits scrounger', added: 'The kids' nursery came to £1,979, which left me with about £25. 'So, yeah, that did cover all the bills and a roof over our head, but if I didn't work and if child benefit wasn't a thing, then there's no way that you'd be able to feed three kids - four people, including me - on £25 for a whole month - literally just impossible.' Millie also continued: 'So many people see the overall figure of how much people get from benefits, but the reality of it is it doesn't go far at all - you literally just have to have the bare minimum, which I know that is what it's for, whatever, but there's still no extra. 'I know there's so many people that will say, you get to just stay at home and do nothing, blah, blah, blah - really?' Debunking Myths: Life on Universal Credit The TikTok clip, which was posted just 21 hours ago under the username @ millie.2103, has clearly left many open-mouthed, as it has quickly racked up 186,500 views, 1,629 likes and 23 comments. Social media users were left gobsmacked by Millie's claims and many eagerly raced to the comments to share their thoughts on her situation. Am I entitled to Universal Credit? According to the GOV website, if you're on a low income or need help with your living costs, then you could be entitled to Universal Credit. To claim, you must live in the UK, be aged 18 or over (with some exceptions if you're 15 to 17), be under State Pension age, and have £16,000 or less in money, savings and investments. Other circumstances are if you are out of work, or unable to work, for example because of a health condition. One person said: 'I'd cry paying that in childcare fees. At least you can hold your head high and say you're working, most wouldn't.' Another added: 'I'm lucky to get £300 a month. I'm homeless and have a baby and I've been in the Army. Nice one Britain.' In response, Millie snapped back and wrote: 'I'll say the same to you as what's said to me - 'should've thought about that before you had a baby'.' There's no way that you'd be able to feed three kids - four people, including me - on £25 for a whole month - literally just impossible Millie, 21 A third commented: 'You can't win, you get told not to send kids to nursery and work less but if you did you'd get moaned at.' Whilst someone else asked: 'If your wages aren't more than £2k why send the kids to nursery?' To this, Millie replied: 'Because it's good for them and technically I hardly pay the fees because UC give me 85% back towards the following month. I just top it up if needed.' How much is child benefit worth? THERE are two child benefit rates, one for the eldest child and another for younger children. You get £21.15 per week for your eldest or only child (£1099.80 a year) You get £14 for each of your other children (£728 per year, per child) You get the money for each child under 16 (or under 20 if they stay in approved education or training) If families split up, how much you'll get for each child depends on how you claim. If you have 2 children and one stays with you and the other stays with your ex-partner, you'll both get £21.15 a week for each child. If one parent claims for all the children, you get £21.15 for the eldest and £14 for each younger child. Only one household can claim for each child
