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Hans India
5 days ago
- Business
- Hans India
Swiggy shares plunge 41 pc, trade below IPO price
Mumbai: Swiggy's stock has taken a sharp hit in 2025, falling by 41 per cent, so far, this year and trading below its IPO listing price since February 6. The drop reflects growing investor concerns over widening losses, rising competition, and uncertainty around the company's path to profitability. In the January-March quarter (Q4) of FY25, Swiggy reported a net loss of Rs 1,081 crore, a significant downward slide from Rs 799 crore in the same period last fiscal. This widened quarterly loss came despite an increase in order volumes and rising revenue, as heavy investments in its quick commerce segment continue to weigh on overall performance. The company's annual losses also surged, reaching Rs 3,116 crore in FY25, up 35 per cent from Rs 2,350 crore in FY24, according to its latest regulatory filings. Adjusted EBITDA loss stood at Rs 732 crore for the March quarter, driven by aggressive growth spending in Swiggy's quick commerce business, particularly through Instamart. While Swiggy's revenue rose to Rs 5,609 crore in the March quarter -- up from Rs 3,668 crore a year ago -- analysts remain concerned about the company's ability to control cash burn and turn a profit. Competitors like Zomato, through its Blinkit arm, have ramped up their presence in the quick commerce space, putting additional pressure on Swiggy's margins. Swiggy CEO Sriharsha Majety defended the company's performance, calling FY25 a 'year of many firsts,' highlighting the launch of new apps like Instamart, Snacc, and Pyng. He noted, 'Our food delivery engine delivered best-ever results across innovation and execution, driving category-leading growth and rising profitability in lockstep.' He also said the out-of-home consumption business became profitable in Q4. Despite these positive developments, the market remains sceptical. Swiggy has not regained momentum post-IPO and has spent nearly four months trading below its debut price. Brokerages note that while the core food delivery segment remains stable, the quick commerce division -- though fast-growing -- continues to be the main drag on profitability.
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.
New Indian Express
09-05-2025
- Business
- New Indian Express
Swiggy Q4 net loss widens to Rs 1,081 crore
BENGALURU: Food delivery major Swiggy on May 9 posted a net loss of Rs 1,081 crore for the quarter ended March 2025, compared to the loss of Rs 555 crore it reported in the year-ago period. Its total income rose by 44 per cent y-o-y to Rs 4,531 crore as against Rs 3,143 crore in the same quarter last year. The platform's Gross Order Value (GOV) rose about 40 per cent y-o-y to Rs 12,888 crore. Its consolidated adjusted EBITDA loss increased to Rs 732 crore due to significant growth investments in quick commerce. 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."
Hans India
09-05-2025
- Business
- Hans India
Swiggy slips into deep losses at Rs 1,081 crore in Q4 FY25, up 95 pc
New Delhi: Online food delivery platform Swiggy further slipped into deep losses at Rs 1,081 crore in the fourth quarter of last financial year (FY25), a whopping 95 per cent increase from Rs 554 crore net loss in the same quarter in FY24, its financials showed on Friday. On an annual basis, Swiggy's losses widened by 35 per cent in FY25 -- from Rs 2,350 crore in FY24 to Rs 3,116 crore in FY25, according to the company's regulatory filing with the stock exchanges. Consolidated adjusted EBITDA loss increased to Rs 732 crore (on-year) due to significant growth investments in Quick commerce, said the company. Revenue was up at Rs 5,609 crore in the March quarter, from Rs 3,668 crore in Q4 of FY24. '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,' said Sriharsha Majety, MD and Group CEO, Swiggy. 'Our out-of-home consumption business turned profitable in Q4, within just two years of its integration. Overall, we remain focused on growth, on the back of delivering unparalleled convenience to consumers,' Majety added. Swiggy's food delivery business Gross Order Value (GOV) continues to grow in line with guidance at a healthy 17.6 per cent to Rs 7,347 crore (on-year). Swiggy Instamart accelerated its GOV growth to 101 per cent, clocking Rs 4,670 crore in Q4. Average order value increased by 13.3 per cent to Rs 527. Instamart added 316 new darkstores, its highest-ever during a quarter, driving up active darkstore area to 4 million square feet, in line with guidance. Swiggy said its average monthly transacting user (MTU) increased 35 per cent YoY to reach 19.8 million, with 35 per cent of all users utilizing more than one service on the platform.
