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Time of India
12-05-2025
- Business
- Time of India
Swiggy shares in focus after Q4 losses double to Rs 1,081 crore
Swiggy shares will be in focus on Monday after the food delivery platform reported a sharp widening of its net loss for the fourth quarter. Losses nearly doubled to Rs 1,081 crore, compared with Rs 554 crore in the same period last year. However, revenue from operations rose 45% year-on-year to Rs 4,410 crore. The rise in losses was mainly driven by increased spending on Swiggy's quick commerce business, Instamart, amid intensifying competition from Blinkit and Zepto. The company ramped up investments in customer acquisition, dark store expansion, and marketing to defend market share, resulting in higher operating expenses. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like There are holes in her heart! Please help my daughter! Donate For Health Learn More Undo The gross order value (GOV) surged 40% YoY to Rs 12,888 crore in Q4FY25, driven by strong growth across its business verticals. However, the company's consolidated adjusted EBITDA loss widened to Rs 732 crore, due to ramp-up of investments in Instamart. Food delivery business The food delivery business reported a 17.6% YoY growth in GOV, reaching Rs 7,347 crore. Adjusted EBITDA margins for the segment improved to 2.9% of GOV, compared with just 0.5% a year ago. Live Events The growth was supported by innovative offerings, including the premium subscription program One BLCK and faster deliveries through the Bolt service, which now powers 12% of all food delivery orders. Instamart Quick-commerce, which operates under the Instamart brand, continued its rapid expansion, with GOV growing 101% YoY to Rs 4,670 crore. The business added 316 new dark stores, exceeding the cumulative dark stores added over the past eight quarters, and expanded its service footprint to 124 cities. Despite the growth, Instamart's contribution margin declined to -5.6%, compared to -4.6% in the previous quarter, as Swiggy ramped up customer acquisition and network expansion. Adjusted EBITDA loss for Instamart rose to Rs 840 crore, driven by higher operating costs associated with new stores and aggressive market expansion. Out-of-Home Consumption Swiggy's out-of-home consumption segment turned profitable, recording a 42% YoY growth in GOV and achieving an adjusted EBITDA margin of 0.3% of GOV. On the user front, the platform's average monthly transacting users (MTUs) grew 35% YoY to reach 19.8 million, with 35% of users utilising more than one service on the platform. This multi-service usage has been a key driver of customer retention and growth. "FY25 was a year of many firsts for Swiggy, with the launch of new services like Instamart, Snacc, and Pyng," said MD & Group CEO Sriharsha Majety. The company said its focus on scaling Instamart, expanding its out-of-home consumption business, and improving efficiencies in food delivery are expected to remain key growth drivers in the coming quarters. However, the challenge of managing losses in the quick-commerce segment will be a critical area to watch. Swiggy shares price target As per Trendlyne data, the average target price of the stock is Rs 455, which shows an upside of 45% from the current market prices. The consensus recommendation from 21 analysts for the stock is a 'Buy'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
12-05-2025
- Business
- Economic Times
Swiggy shares in focus after Q4 losses double to Rs 1,081 crore
Swiggy shares will be in focus on Monday after the food delivery platform reported a sharp widening of its net loss for the fourth quarter. Losses nearly doubled to Rs 1,081 crore, compared with Rs 554 crore in the same period last year. However, revenue from operations rose 45% year-on-year to Rs 4,410 crore. ADVERTISEMENT The rise in losses was mainly driven by increased spending on Swiggy's quick commerce business, Instamart, amid intensifying competition from Blinkit and Zepto. The company ramped up investments in customer acquisition, dark store expansion, and marketing to defend market share, resulting in higher operating expenses. The gross order value (GOV) surged 40% YoY to Rs 12,888 crore in Q4FY25, driven by strong growth across its business verticals. However, the company's consolidated adjusted EBITDA loss widened to Rs 732 crore, due to ramp-up of investments in Instamart. The food delivery business reported a 17.6% YoY growth in GOV, reaching Rs 7,347 crore. Adjusted EBITDA margins for the segment improved to 2.9% of GOV, compared with just 0.5% a year growth was supported by innovative offerings, including the premium subscription program One BLCK and faster deliveries through the Bolt service, which now powers 12% of all food delivery orders. ADVERTISEMENT Quick-commerce, which operates under the Instamart brand, continued its rapid expansion, with GOV growing 101% YoY to Rs 4,670 crore. The business added 316 new dark stores, exceeding the cumulative dark stores added over the past eight quarters, and expanded its service footprint to 124 the growth, Instamart's contribution margin declined to -5.6%, compared to -4.6% in the previous quarter, as Swiggy ramped up customer acquisition and network expansion. ADVERTISEMENT Adjusted EBITDA loss for Instamart rose to Rs 840 crore, driven by higher operating costs associated with new stores and aggressive market expansion. ADVERTISEMENT Swiggy's out-of-home consumption segment turned profitable, recording a 42% YoY growth in GOV and achieving an adjusted EBITDA margin of 0.3% of the user front, the platform's average monthly transacting users (MTUs) grew 35% YoY to reach 19.8 million, with 35% of users utilising more than one service on the platform. This multi-service usage has been a key driver of customer retention and growth."FY25 was a year of many firsts for Swiggy, with the launch of new services like Instamart, Snacc, and Pyng," said MD & Group CEO Sriharsha Majety. ADVERTISEMENT The company said its focus on scaling Instamart, expanding its out-of-home consumption business, and improving efficiencies in food delivery are expected to remain key growth drivers in the coming quarters. However, the challenge of managing losses in the quick-commerce segment will be a critical area to watch. As per Trendlyne data, the average target price of the stock is Rs 455, which shows an upside of 45% from the current market prices. The consensus recommendation from 21 analysts for the stock is a 'Buy'. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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.
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
Time of India
09-05-2025
- Business
- Time of India
Swiggy Q4: Losses double to Rs 1,081 crore despite 45% revenue growth
Tired of too many ads? Remove Ads Food delivery business Tired of too many ads? Remove Ads Instamart Out-of-Home Consumption Food delivery platform Swiggy nearly doubled its losses in the fourth quarter to Rs 1,081 crore, compared with Rs 554 crore in the same period last year. Meanwhile, revenue from operations rose 45% year-on-year to Rs 4,410 losses widened primarily due to aggressive spending on its quick commerce delivery business, Instamart, as competition from rivals Blinkit and Zepto intensified. The company ramped up investments in customer acquisition, dark store expansion, and marketing to defend its market share, leading to higher operating gross order value (GOV) surged 40% YoY to Rs 12,888 crore in Q4FY25, driven by strong growth across its business verticals. However, the company's consolidated adjusted EBITDA loss widened to Rs 732 crore, due to ramp-up of investments in food delivery business reported a 17.6% YoY growth in GOV, reaching Rs 7,347 crore. Adjusted EBITDA margins for the segment improved to 2.9% of GOV, compared with just 0.5% a year growth was supported by innovative offerings, including the premium subscription program One BLCK and faster deliveries through the Bolt service, which now powers 12% of all food delivery which operates under the Instamart brand, continued its rapid expansion, with GOV growing 101% YoY to Rs 4,670 crore. The business added 316 new dark stores, exceeding the cumulative dark stores added over the past eight quarters, and expanded its service footprint to 124 the growth, Instamart's contribution margin declined to -5.6%, compared to -4.6% in the previous quarter, as Swiggy ramped up customer acquisition and network EBITDA loss for Instamart rose to Rs 840 crore, driven by higher operating costs associated with new stores and aggressive market out-of-home consumption segment turned profitable, recording a 42% YoY growth in GOV and achieving an adjusted EBITDA margin of 0.3% of the user front, the platform's average monthly transacting users (MTUs) grew 35% YoY to reach 19.8 million, with 35% of users utilising more than one service on the platform. This multi-service usage has been a key driver of customer retention and growth."FY25 was a year of many firsts for Swiggy, with the launch of new services like Instamart, Snacc, and Pyng," said MD & Group CEO Sriharsha company said its focus on scaling Instamart, expanding its out-of-home consumption business, and improving efficiencies in food delivery are expected to remain key growth drivers in the coming quarters. However, the challenge of managing losses in the quick-commerce segment will be a critical area to Friday, Swiggy shares closed 0.2% lower at Rs 314.4 on NSE.
