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Scottish Sun
4 days ago
- General
- Scottish Sun
I'm a single, working mum on UC & I hate it – I get judged all the time, am still struggling and always get sanctioned
Kelly claimed that the Universal Credit system has "ruined" her life and involves "invasive" checks WELFARE WOES I'm a single, working mum on UC & I hate it – I get judged all the time, am still struggling and always get sanctioned Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A SINGLE mother has candidly opened up on the reality of being a Universal Credits claimant. Kelly, a brunette beauty from the UK who works whilst claiming benefits, revealed that she 'hates' receiving Universal Credit. Sign up for Scottish Sun newsletter Sign up 2 A single mother has voiced her frustrations at the Universal Credit system Credit: tiktok/@miss_kelly_c 2 Kelly, who works whilst claiming benefits, revealed that she 'hates' the system and often gets sanctioned 'for no reason" Credit: tiktok/@miss_kelly_c She explained that not only does she get judged all the time for it, but she is still struggling financially too. And that's not all, as the content creator also acknowledged that she often gets sanctioned 'for no reason.' Posting on social media, Kelly, who is eager to 'find a way to grow and move forward,' voiced her frustrations with the benefits system, leaving many open-mouthed. She said: 'Universal Credit is not as simple as it sounds - now, if you're just like me, [a] single mum claiming Universal Credit and working, all it does is give you stress, anxiety and depression. 'There's always payment issues, you get sanctioned for no reason, you don't get a lot anyway for the trouble it causes you.' The mother also recognised: 'There is stigma attached to it - people judge you and think the worst of you.' Kelly even accused the system of 'wasting so much time' and claimed 'it is not fit for purpose.' Not only does she 'hate' that she is 'stuck in a cycle,' but Kelly, who is desperate to 'become financially independent,' voiced that she is "still struggling." She continued: 'The system is there to help and support you in a time of need, I get it, I have needed it, but the whole stigma and the way it makes me feel, I don't like it, I'm still struggling, I am still financially worse off.' Fed up of feeling 'trapped,' Kelly also claimed that the Universal Credit system involves 'invasive reviews and checks.' I lost 'everything' when UC stopped my £4.3k-month payment... now I've been sacked from my new job As a result, Kelly is now eager to 'do better' and is on a mission 'to make some more money' and 'become financially free,' which she hopes to do through TikTok's Creator Fund. 'I'm just so sick of being trapped in this cycle of feeling this way - one day I'm gonna come off of it and they will not ruin my life anymore," she concluded. 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. Social media users react Kelly's TikTok clip, which was posted under the username @miss_kelly_c, has clearly left many totally stunned, as it has quickly racked up 164,800 views, 3,072 likes and 585 comments. Many other Universal Credit claimants could relate to Kelly and quickly flocked to the comments, eager to voice similar frustrations. I'm still struggling, I am still financially worse off Kelly One person said: 'I claimed UC whilst working, I found it a bit of a trap - if I worked more hours my UC was reduced more than what extra money I earned so it wasn't worth it.' Another added: 'I've been on UC for two months. I hate it so much and so much stress.' Will I be better off on Universal Credit? Around 1.4million will be better off on Universal Credit, the government calculates. A further 300,000 will see no change in payments, while around 900,000 will be worse off under Universal Credit. Of these, around 600,000 are expected to get top-up payments if they move under managed migration, so they don't lose out on cash immediately. The majority of those - around 400,000 - are claiming Employment Support Allowance (ESA). Around 100,000 are on tax credits while fewer than 50,000 each on other legacy benefits are expected to be affected. Examples of those who may be entitled to less on Universal Credit according to the government include: Households getting ESA who and the Severe Disability Premium and Enhanced Disability Premium Households with the lower disabled child addition on legacy benefits Self-employed households who are subject to the Minimum Income Floor after the 12 month grace period has ended In-work households that worked a specific number of hours (eg lone parent working 16 hours claiming Working Tax Credits Households receiving tax credits with savings of more than £6,000 (and up to £16,000) But they could miss out on any future increase to benefits and see payments frozen. Those who move voluntarily and are worse off won't get these top-up payments and could lose cash. Those who miss the deadline and later make a claim may also not get this transitional protection either. The clock starts ticking on the three-month countdown from the date of the first letter, and reminders are sent via post and text message. There is a one-month grace period after this, during which any claim to Universal Credit is backdated and transitional protection can still be awarded. The most recent data from the DWP shows 61,130 individuals have made a claim for UC, and 39,920 awarded transitional protection. Another 40,540 are still in the process of moving to the new benefit. A third commented: 'I wish I could have a job that makes me financially independent, I know exactly what you are talking about.' Meanwhile, someone else wrote: 'I am on Universal Credit. I do work but I've got to get more hours. "They won't leave me alone until I get more hours. I have got two children as well.' Unlock even more award-winning articles as The Sun launches brand new membership programme - Sun Club
Business Standard
21-07-2025
- Business
- Business Standard
Eternal's Q1 PAT tumbles 90% YoY to Rs 25 cr
Eternal reported a 90.12% decline in consolidated net profit to Rs 25 crore despite a 70.4% jump in revenue from operations to Rs 7,167crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) dropped 63.18% to Rs 88 crore from Rs 239 crore in Q1 FY25. Net order value (NOV) of the companys B2C businesses grew 55% YoY to Rs 20,183 crore in Q1FY26. The companys B2B business Hyperpures revenue grew 89% YoY. It expects de-growth in this business in the next few quarters. In food delivery business, adjusted revenue jumped 10% YoY to Rs 2,657 crore during the quarter while adjusted EBITDA surged 138% to Rs 451 crore in Q1 FY26 as against Rs 313 crore in Q1 FY25. NOV jumped 13% YoY to Rs 8,967 crore in Q1 FY26. Average monthly transacting customers increased 12.81% to 22.9 million in Q1 FY26 as against 20.3 million in Q1 FY25. Adjusted revenue from quick commerce surged 155% to Rs 2,400 crore during the quarter from Rs 942 crore in Q1 FY25. NOV grew 127% YoY driven by a 123% YoY growth in average monthly transacting customers (MTC) from 7.6 million to 16.9 million over the past year. Average order value stood at Rs 669 in Q1 FY26, up 7.06% compared with Rs 625 in Q1 FY25. The company added 243 net new stores this quarter, taking store count to 1,544 stores by the end of the quarter. The company remains on track to reach 2,000 stores by Dec 2025 In going out business, like-for-like numbers (excluding the impact of the acquired business) in Q3FY25, Q4FY25 and Q1FY26 for (a) GOV growth are 119% YoY, 45% YoY and 37% YoY respectively, (b) NOV growth are 120% YoY, 49% YoY and 35% YoY respectively, and (c) Revenue growth are 136% YoY, 49% YoY and 52% YoY respectively. Of the Rs 370 crore capex incurred in Q1FY26, around Rs 310 crore was on account of the expansion of our quick commerce store and warehouse network (the Rs 310 crore figure seems high in the context of the 243 net new stores added since it also includes certain payouts for expansion executed in the previous quarter). The balance Rs 60 crore of capex was incurred largely towards investments in Bistro kitchens and for the usual IT hardware and other requirements across our businesses, the company stated in regulatory filing. Eternal is an Indian multinational technology company. It is the parent company of Zomato, Blinkit, District and Hyperpure. The counter rallied 5.38% to settle at Rs 271.20 on the BSE.
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)
