Swiggy Q4 Results: Net loss widens to ₹1,081 crore; Quick commerce losses impact overall performance

Food delivery aggregator Swiggy Ltd. on Friday, May 9, reported a widening net loss of ₹1,081 crore for the March quarter, compared to the loss of ₹555 crore which it reported during the same quarter last year.

Swiggy's revenue rose by 45% on a year-on-year basis to ₹4,410 crore from ₹3,045.5 crore last year.

Swiggy's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at a loss ₹962 crore, which was also wider than the loss of ₹485 crore last year.

Swiggy's Quick Commerce business revenue grew 58% at ₹2,004 crore. However, its EBIT loss widened to ₹771 crore from a loss of ₹273 crore last year.

Swiggy MD and CEO Sriharsha Majety said that 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," Majety said.

The Swiggy CEO added that quick-commerce is in a phase of rapid expansion and heightened competitive intensity, for which the company has 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 Q4, within just 2 years of its integration. Overall, we remain focused on growth, on the back of delivering unparalleled convenience to consumers," he added.

Shares of Swiggy settled 0.25% lower at ₹314.40 ahead of its Q4 results announcement. The stock has declined 42% so far in 2025.