Swiggy Reports ₹1,081 Crore Net Loss in Q4 FY25, Quick Commerce Expansion Weighs on Earnings

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Swiggy Ltd, India’s leading food delivery and quick commerce platform, has reported a net loss of ₹1,081 crore for the fourth quarter of FY2024-25, marking a 95% year-on-year (YoY) increase from ₹554.7 crore in Q4 FY24. Despite the widening losses, the company’s revenue surged 45% YoY to ₹4,410 crore, driven by strong growth in its Instamart quick commerce segment.

Financial Highlights

  • Revenue from operations rose 45% YoY to ₹4,410 crore, compared to ₹3,045.5 crore in Q4 FY24.
  • EBITDA loss widened to ₹962 crore, up from ₹485 crore last year.
  • Quick commerce revenue grew 58% YoY to ₹2,004 crore, but EBIT loss expanded to ₹771 crore, compared to ₹273 crore in Q4 FY24.
  • Food delivery gross order value (GOV) increased 17.6% YoY to ₹7,347 crore.
  • Instamart GOV growth accelerated to 101% YoY, reaching ₹4,670 crore.
  • Average order value for Instamart rose 13.3% YoY to ₹527.

Strategic Developments & Expansion Plans

Swiggy’s Instamart business has been a key focus area, with the company adding 316 new dark stores in Q4, marking its highest-ever quarterly expansion. The company now operates over 1,000 stores across 124 cities, strengthening its quick commerce footprint.

Swiggy’s Out-of-Home Consumption segment turned profitable in Q4, within just two years of its integration. CEO Sriharsha Majety emphasized that FY25 was a year of many firsts, with the launch of new apps like Instamart, Snacc, and Pyng, aimed at expanding user segments and market reach.

Market Performance & Outlook

Despite the losses, Swiggy remains focused on growth and market expansion, leveraging AI-driven efficiency improvements and consumer-centric innovations. The company’s food delivery margins improved to 2.9% of GOV, up from 0.5% a year ago.

With heightened competition in the quick commerce space, Swiggy continues to ramp up investments in market expansion, reach, and differentiation, positioning itself for long-term growth.

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