Swiggy Q4 Loss Widens to ₹1,081 Crore Despite 45% Revenue Growth

12 May 2025 , 11:03 AM

Swiggy clocked a net loss of ₹1,081 crore in March quarter of FY25, almost twice the loss of ₹555 crore it incurred in the corresponding quarter last year. The gross revenue of the company increased sharply by 45% YoY, at ₹4,410 crore, from ₹3,045.5 crore in Q4FY24.

EBITDA loss expanded to ₹962 crore, larger than the loss of ₹485 crore in the corresponding year-ago period, on account of higher investments towards growth and expansion. Revenue from Swiggy’s core food ordering business increased 18% YoY to ₹1,629 crore, with segment EBIT increasing substantially to ₹220 crore from ₹42 crore. Instamart revenue increased 58% YoY to ₹2,004 crore. But its EBIT loss widened to ₹771 crore, from a loss of ₹273 crore last year.

CEO Sriharsha Majety termed FY25 as a year of “many firsts,” pointing to the introduction of new apps such as Instamart, Snacc, and Pyng, all designed to access newer customer bases and geographies.

Swiggy has increased investments in its quick commerce business, with a focus on growth through Megapods, increasing reach with 1,000+ stores in 124 cities, and delivering differentiated value through initiatives such as Maxxsaver.

The firm also clocked a milestone when its ‘Out of Home Consumption’ business went into profitability during Q4, two years from the date of integration. Swiggy’s “Bolt” quick food delivery business now operates in 500+ cities, a tactical decision after Zomato shuttered its “Zomato Quick” over profitability issues. Swiggy continues to emphasize sustainable growth with a robust commitment to consumer convenience and driving vertical innovation.