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Time of India
10-05-2025
- Business
- Time of India
Swiggy's Q4 net loss nearly doubles to Rs 1,081 cr
HighlightsSwiggy's consolidated net loss widened to Rs 1,081.18 crore for the March quarter, compared to a net loss of Rs 554.77 crore in the same period last year. The losses were attributed to significant investments in quick commerce. The company's revenue from operations increased to Rs 4,410 crore during the January-March period, up from Rs 3,045.5 crore a year earlier. Swiggy's average order value for its Instamart service grew by 13.3 percent to Rs 527, and the number of monthly transacting users surged 40 percent quarter-on-quarter to 9.8 million. Food delivery and quick commerce platform Swiggy on Friday reported widening of consolidated net loss during the March quarter to Rs 1,081.18 crore, due to significant investments in quick commerce. The company had reported a net loss of Rs 554.77 crore on a consolidated basis in the year-ago period. Swiggy's revenue from operations rose to Rs 4,410 crore during the January-March period, as against Rs 3,045.5 crore a year earlier, a regulatory filing showed. However, its total expenses shot up to Rs 5,609.6 crore during the quarter under review, as against Rs 3,668 crore in the corresponding period of the previous year. In a statement, Swiggy said the gross order value (GOV) of its food delivery business continues to grow in line with guidance at a healthy 17.6 per cent year-on-year, to Rs 7,347 crore. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 15.4 per cent quarter-on-quarter and over five times year-on-year to Rs 212 crore, and strong efficiency and execution drove a margin expansion to 2.9 per cent of GOV, up from 0.5 per cent a year ago. Swiggy Instamart average order value increased 13.3 per cent to Rs 527 during the quarter. Instamart added 316 new dark stores -- an increase of 45 per cent sequentially -- its highest-ever during a quarter. Investments into customer acquisition amidst high competitive intensity saw monthly transacting users (MTUs) surge 40 per cent quarter-on-quarter to 9.8 million, the company said. Swiggy MD & Group CEO Sriharsha Majety said, "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 (1,000+ 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."
Business Standard
10-05-2025
- Business
- Business Standard
Swiggy net loss widens to Rs 1081 crore in Q4FY25
Swiggy reported a net loss of Rs 1,081.18 crore for the quarter ended March 2025 (Q4 FY25), nearly doubling from Rs 554.77 crore in the same quarter last year. Revenue from operations rose 44.8% year-on-year to Rs 4410.02 crore in Q4FY25. The company's widening losses were primarily attributed to elevated spending on its quick commerce arm, Instamart. Swiggy increased investments in customer acquisition, dark store infrastructure, and marketing efforts amid intensifying competition, resulting in higher operating expenses. Total expenditure jumped 52.93% year-on-year to Rs 5,609.67 crore in Q4 FY25. Employee benefits expenses rose 25.79% YoY to Rs 695.60 crore, while spending on advertising and sales promotion skyrocketed 135.46% to Rs 977.72 crore. Platform Gross Order Value (B2C GOV) rose ~40% YoY to clock Rs 12,888 crore. However, consolidated adjusted EBITDA loss increased to Rs 732 crore due to significant growth investments in quick-commerce. The food delivery business Gross Order Value (GOV) rose 17.6% YoY to Rs 7,347 crore. Adjusted EBITDA grew 15.4% QoQ and over 5x YoY to Rs 212 crore, and strong efficiency and execution drove a margin expansion to 2.9% of GOV, up from 0.5% a year ago. The growth was backed by innovative services like speedier deliveries through Bolt (which powers 12% Food delivery orders already) and differentiated propositions like the top-tier subscription programme One BLCK continued to drive up consumer traction. Instamart accelerated its GOV growth to 101% YoY (19.5% QoQ), clocking Rs 4,670 crore in Q4. Average order value increased by 13.3% YoY to Rs 527. Instamart added 316 new darkstores (+45% QoQ), its highest-ever during a quarter; driving up active darkstore area to 4 mn sq ft (+62% QoQ) in line with guidance. Led by the growth investments, contribution margin declined from -4.6% in Q3FY25 to -5.6% in Q4FY25 and adjusted EBITDA loss increased to Rs 840 crore. Sriharsha Majety, MD & Group CEO, Swiggy, said "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. 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." Swiggy is Indias pioneering on-demand convenience platform. With a footprint in food delivery, Swiggy Food collaborates with over 2.5 lakh restaurants across ~700 cities. Swiggy Instamart, its quick commerce platform operating in 120+ cities, delivers groceries and other essentials across 20+ categories in 10 minutes.
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Business Standard
09-05-2025
- Business
- Business Standard
Swiggy Q4 results: Loss widens to ₹1,081 cr despite record Instamart growth
Food delivery aggregator Swiggy saw its loss widen for the fourth quarter (January-March) of financial year 2024-25 (Q4FY25). The firm reported a consolidated loss of ₹1,081.1 crore for the quarter, compared to a loss of ₹554.7 crore in the corresponding quarter of FY24. The platform's consolidated revenue from operations jumped by 44.8 per cent to ₹4,410 crore from ₹3,045.5 crore in Q4FY24. For the full year, the company reported a loss of ₹3,116.7 crore, compared to the loss of ₹2,350 crore in FY24. Revenue for the full year touched ₹15,227 crore, up 35 per cent year-on-year (Y-o-Y). The company's losses widened as it invested in the quick commerce (qcom) business. Food delivery business reported revenue of ₹1,629.3 crore for Q4FY25, up 18.4 per cent Y-o-Y. Sequentially, revenue was flat with a marginal growth of 0.45 per cent. Quick commerce revenue almost doubled to ₹689 crore for Q4FY25 from ₹320.7crore in Q4FY24. Swiggy MD and Group CEO Sriharsha Majety said that FY25 was a year of many firsts for the firm. 'We launched multiple new apps, across Instamart, Snacc and, recently, Pyng, all of which are aimed at opening up new user-segments and markets,' said Majety. 'Our food delivery engine delivered the best-ever results across innovation and execution, driving category-leading growth and rising profitability in lockstep,' he added. Majety said the qcom industry is in a phase of rapid expansion and heightened competitive intensity, for which they have ramped up investments aimed at market expansion (Megapods), reach (over 1,000+ stores across 124 cities), and differentiation (Maxxsaver). 'Our 'out of home consumption' business turned profitable in Q4FY25, within just two years of its integration. Overall, we remain focused on growth, on the back of delivering unparalleled convenience to consumers,' said Majety. The company said its food delivery business' gross order value (GOV) continued to grow in line with guidance at a healthy 17.6 per cent Y-o-Y to ₹7,347 crore. 'Adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation) grew 15.4 per cent quarter-over-quarter (Q-o-Q) and over five times Y-o-Y to ₹212 crore, and strong efficiency and execution drove a margin expansion to 2.9 per cent of GOV, up from 0.5 per cent a year ago,' said the firm. 'Improved salience through innovative services like speedier deliveries through Bolt (which powers 12 per cent food delivery orders already) and differentiated propositions like top-tier subscription programme 'One BLCK' continued to drive up consumer traction,' the company said. On the other hand, the company's qcom arm Swiggy Instamart accelerated its GOV growth to 101 per cent Y-o-Y (19.5 per cent Q-o-Q), clocking ₹4,670 crore in Q4. Average order value increased by 13.3 per cent Y-o-Y to ₹527 crore. 'Instamart added 316 new darkstores (+45 per cent Q-o-Q), its highest-ever during a quarter, driving up active darkstore area to 4 million square feet (msft) (+62 per cent Q-o-Q) in line with guidance,' said Swiggy. 'Investments in customer acquisition amid high competitive intensity saw MTUs (monthly transacting users) surge 40 per cent Q-o-Q to 9.8 million. Led by these growth investments (which imply a lifetime-high proportion of new stores and users in the operating mix), contribution margin declined from -4.6 per cent in Q3FY25 to -5.6 per cent in Q4FY25, and adjusted Ebitda loss increased to ₹840 crore,' said the company. Overall, Swiggy said the platform's business-to-consumer (B2C) GOV rose about 40 per cent Y-o-Y to clock ₹12,888 crore. It said consolidated adjusted Ebitda loss Y-o-Y increased to ₹732 crore due to significant growth investments in qcom. The platform's average MTU increased 35 per cent Y-o-Y to reach 19.8 million, with 35 per cent of all users utilising more than one service on the platform. The company said that Q4 is a seasonally weak quarter coming after the festive season, though it does benefit late in the quarter due to a popular sporting event. The qcom industry is going through a phase of heightened consumer awareness and store rollouts. 'Hence, we brought forward our expansion plans and added more stores than originally envisaged during the second half (H2) of FY25. With 498 new stores added over FY25, nearly half of our darkstores are less than a year old, with the average age of these stores being under four months,' according to Swiggy's shareholders' letter for Q4FY25. This has resulted in a higher underutilised network cost, which otherwise would have been spread over a longer period of time. Alongside these, customer incentives (including delivery fee discounts) have been at an elevated level, led by competitive intensity and launches in new geographies. The company said it had ₹6,695 crore cash and cash equivalents as of March 31, 2025. The shareholders' letter said the firm's 10-minute food delivery service Bolt provides a growing base of restaurant partners a full-stack and scaled-up route to participate effectively in the quick-food-delivery space. Over 45,000 restaurant brands across more than 500 cities are on Bolt today, offering 47 lakh dishes spanning 26 diverse cuisines. 'We work with restaurant partners on their internal processes to enable the preparation of food in sub-five minutes, while making available to them a delivery fleet almost on tap,' said the company.
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Business Standard
09-05-2025
- Business
- Business Standard
Swiggy Q4 result: Loss almost doubles to ₹1,081 cr, revenue jumps 45%
Swiggy Limited's consolidated loss widened by 95 per cent to ₹1,081.1 crore from ₹554.7 crore year-on-year (Y-o-Y) for the quarter that ended on March 31, 2025 (Q4 FY25). Sequentially, the net loss increased by 35.3 per cent from ₹799 crore. 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
Time of India
09-05-2025
- Business
- Time of India
Swiggy Instamart delivers 101% YoY growth in Q4 GOV; loss doubles
Quick commerce giant Swiggy Instamart reported a 101% year-on-year (YoY) growth in its gross order value (GoV) to reach Rs 4,670 crore in the January-March quarter of the financial year 2025, on Friday. Swiggy Instamart added 316 new dark stores, which is more than the total additions in the last eight quarters, in this quarter alone. It also expanded its presence to 124 cities. The app's average order value increased by 13% YoY to Rs 527 in the fourth quarter of FY2025. #Operation Sindoor India-Pakistan Clash Live Updates| Missiles, shelling, and attacks — here's all that's happening Pakistani Air Force jet shot down in Pathankot by Indian Air Defence: Sources India on high alert: What's shut, who's on leave, and state-wise emergency measures '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 (1,000+ stores across 124 cities) and differentiation (Maxxsaver),' Sriharsha Majety , managing director and group CEO of Swiggy, said in the stock exchange filing. The platform's overall revenue from operations, both food delivery and quick commerce, rose 45% YoY to Rs 4,410 crore. However, its losses doubled to Rs 1,081 crore from Rs 554 crore reported in the same period last year due to aggressive spending on its quick commerce arm as competition intensifies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Majestic Cars of All Time (So Far) Watch Now Undo Also Read: Swiggy Instamart's operating losses peaked in Q4, says Sriharsha Majety Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
