Swiggy, India’s leading food and grocery delivery platform, reported a consolidated net loss of ₹1,081.18 crore for the fourth quarter of FY25, nearly doubling from ₹554.77 crore in the same period last year. This significant loss is primarily attributed to aggressive investments in its quick commerce segment, Instamart, as the company intensifies efforts to capture market share in a highly competitive landscape.
Revenue Growth Driven by Instamart
Despite the widened loss, Swiggy’s revenue from operations surged by 44.8% year-on-year to ₹4,410 crore in Q4 FY25, up from ₹3,045.55 crore in Q4 FY24. This growth is largely driven by the robust performance of Instamart, which saw its Gross Order Value (GOV) double to ₹4,670 crore during the quarter.
Expansion and Increased Expenditure
Swiggy’s total expenses for the quarter rose sharply to ₹5,610 crore, a 52% increase from the previous year. The company added 316 new dark stores in Q4, expanding its quick commerce footprint to 124 cities. This aggressive expansion strategy, while boosting revenue, has also led to increased operational costs, impacting overall profitability.
Food Delivery Segment Performance
The food delivery segment reported a 17.6% year-on-year growth in GOV, reaching ₹7,347 crore. Adjusted EBITDA margins for this segment improved to 2.9% of GOV, up from 0.5% a year ago, indicating enhanced efficiency and execution.
Full-Year Financial Overview
For the entire fiscal year FY25, Swiggy’s consolidated loss widened to ₹3,116.8 crore, compared to ₹2,350.2 crore in FY24. However, the company’s revenue for the year increased by 35% to ₹15,226.8 crore, up from ₹11,247.3 crore in the previous fiscal.
Competitive Landscape and Future Outlook
Swiggy’s intensified focus on quick commerce comes amid fierce competition from rivals like Blinkit and Zepto. The company’s investments in customer acquisition, dark store expansion, and marketing are aimed at defending and growing its market share. While these strategies have led to short-term financial strain, Swiggy remains committed to long-term growth and delivering unparalleled convenience to consumers. Business Standard