Latest news with #QuickCommerce
Hans India
31-07-2025
- Business
- Hans India
Swiggy's losses nearly double in Q1 to Rs 1,197 crore
Mumbai: Swiggy Limited, the food delivery and quick commerce platform, on Thursday reported a net loss of Rs 1,197 crore year-on-year (YoY) for the June quarter (Q1 FY26), almost double the Rs 611 crore loss it posted in the same period previous year (Q1 FY25). On quarter-on-quarter (QoQ) basis, the Bengaluru-based firm posted a net loss of Rs 1,081 crore in the previous quarter (Q4 FY25), according to its stock exchange filing. The widening losses were mainly due to its Quick Commerce division, Instamart, where the financial strain deepened sharply. On an EBIT basis, losses from Instamart jumped to Rs 797 crore from Rs 379 crore a year ago. Swiggy's overall EBITDA loss also increased to Rs 954 crore, compared to Rs 544 crore in the same quarter previous year. However, the food and grocery delivery major recorded a 53.9 per cent jump in its revenue from operations to Rs 4,961 crore during the June quarter against Rs 3,222 crore in Q1 FY25. However, the company recorded strong growth in revenue, which rose 54 per cent to Rs 4,961 crore from Rs 3,222 crore in the year-ago quarter. Revenue from the food delivery business stood at Rs 1,799 crore, up from Rs 1,515 crore, while Quick Commerce revenue more than doubled to Rs 806 crore from Rs 374 crore. The food delivery segment showed operational improvement, with EBIT rising to Rs 202 crore from Rs 67 crore previous year. But losses continued to grow in supply chain, distribution, and platform innovation. Gross order value (GOV) for Swiggy's B2C business climbed 45 per cent YoY to Rs 14,797 crore. Food delivery GOV grew 18.8 per cent to Rs 8,086 crore, while Quick Commerce GOV surged 108 per cent to Rs 5,655 crore. On the stock market, Swiggy shares closed 0.7 per cent higher at Rs 403.95, just above the IPO price of Rs 390. Despite this, the stock is down 25 per cent so far in 2025.
Entrepreneur
21-07-2025
- Business
- Entrepreneur
Zomato Parent Eternal's Profit Tanks 90% as Expenses Take a Big Bite
Eternal's expenses stood at INR 7,433 crore, up by 77 per cent. The company's revenue from operations for Q1 of FY26 stood at INR 7,167 crore, up by 70.4 per cent from INR 4,206 crore in the corresponding quarter. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Zomato's parent company, Eternal, on Monday, reported a steep 90 per cent fall in its net profit, a YoY INR 25 crore compared to the INR 253 crore reported a year ago for the same period. The company's revenue from operations for Q1 of FY26 stood at INR 7,167 crore, up by 70.4 per cent from INR 4,206 crore in the corresponding quarter. Eternal's expenses stood at INR 7,433 crore, up by 77 per cent. Eternal's quick-commerce company Blinkit's revenue stood at INR 2,400 crore for Q1, recording an uptick of nearly 154 per cent from INR 942 crore announced in Q1FY25. The food delivery arm's revenue saw a rise of 16 per cent to INR 2,261 crore. Eternal's B2B business, Hyperpure's Revenue grew 89 per cent YoY (25 per cent QoQ). Eternal has also said that it will transition its quick commerce business from a marketplace model to inventory ownership over the next 2-3 quarters. "Our teams are well prepared for this transition, and we expect to start working with brands directly without any disruption to the business. Control over inventory gives us more leverage on margins in the business, plus allows us to push harder and faster on assortment 6 expansion. We expect to see about a 1 percentage point margin expansion over time as a result of this transition. As an outcome of this transition, we will also see shrinkage in Hyperpure's non-restaurant business, as most of the B2B buyers in that business were sellers on our quick commerce platform," said Akshant Goyal, CFO, Zomato. Eternal has also announced that its board has approved the incorporation process of Blinkit Foods, its wholly-owned subsidiary, with a proposed share capital of INR 10 lakh. The company said, "Blinkit Foods is proposed to be incorporated as a wholly owned subsidiary and would inter alia engage in the business of providing food services (including innovation, preparation, sourcing, sale and delivery of food to customers)." Earlier this month, the company announced the appointment of Aditya Mangla as the CEO of the Food ordering and delivery business and SMP at Eternal. Deepinder Goyal, Founder, Managing Director & Chief Executive Officer, Eternal, said that the decision comes from its operational model that they call "Rotational Leadership," where the CEO role of each business is time-bound, typically for a two-year term. "Rotational Leadership is not about changing faces; it changes how decisions get made. Leaders move with urgency, knowing their window to create impact is finite. It reduces complacency, accelerates execution, and allows more diverse leadership styles to emerge. Over time, it also builds organisational muscle memory, as teams learn to operate independently of any one person, making us more resilient and adaptable as we grow," said Goyal. Eternal's shares on Monday were listed at INR 271.20, on BSE, up by 5.38 per cent despite the announcement of a steep decline in profits.
Entrepreneur
27-06-2025
- Business
- Entrepreneur
AWL Agri Business To Expand Digital & Rural Reach
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. AWL Agri Business recorded a strong FY25 with revenues of INR 63,672 crore, marking a 24 per cent year-on-year (YoY) growth. The growth has been on the back of a robust commodity risk management framework that helped navigate raw material price volatility, safeguarding margins and ensuring business sustainability. The company remains focused on reinforcing leadership in edible oils, scaling high-growth food categories, expanding digital and rural reach, and driving value through a lean, integrated model. Net profit stood at NR 1,226 crore, a recovery from the previous year's INR 148 crore. The operating EBITDA stood at nearly INR 2,500 crore. Alternate channels generated over INR 3,600 crores in revenue in FY'25, led by nearly 90 percent YoY growth in Quick Commerce sales in FY '25. "This performance underlines our resilience and ability to navigate volatility in commodity markets, global supply chains, and inflationary pressures," the company said in a statement. The company stands among the top three players in key staples such as edible oils, wheat flour, basmati rice, besan, and soya nuggets, making it amongst the top-ten food FMCG companies of India. "In FY25, we scaled our rural presence to over 50,000 towns—a tenfold increase from FY22—and increased our direct retail coverage to 8.6 lakh outlets. We are on track to achieve our target of 10 lakh outlets by FY27," the statement added. As part of expansion, the FMCG company acquired GD Foods (Tops), boosting portfolio in sauces, pickles, noodles, and expanding footprint in North India with eight new categories. With a focus on premiumization, it launched products to expand kitchen solutions range. "We have commissioned a new 80-acre integrated food park in Gohana, adding 6.27 lakh MT capacity across oils and staples. We also expanded pulses and besan capacity across three plants," a company spokesperson said.
