Swiggy share price climbs as net loss nearly doubles to ₹1,081 crore

The stock rose 0.67% to ₹315.2 apiece on the National Stock Exchange (NSE) at 10:20 am.

Swiggy, on Friday, reported a widening of consolidated net loss in Q4 FY25 to ₹1,081.18 crore. This was because of significant investments in the quick commerce business. In the year-ago period, it had posted a net loss of ₹554.77 crore.

Revenue from operations advanced 44.8% to ₹4,410 crore during the latest March quarter, compared to ₹3,045.5 crore a year back, a regulatory filing showed.

In a statement, the company said the gross order value, or GOV, of its food delivery segment grew in line with guidance at 17.6% year-on-year (YoY), to ₹7,347 crore.

The average order value in Swiggy Instamart climbed 13.3% to ₹527 in the quarter under review. The business added 316 new dark stores, reflecting a 45% increase quarter-on-quarter (QoQ).

Swiggy MD and Group CEO Sriharsha Majety said, "Quick-commerce is in a phase of rapid expansion and heightened competitive intensity, for which we have ramped up investments aimed at market expansion (Megapods), reach (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."

The monthly transacting users (MTU) of the food delivery platform rose 35% YoY to 19.8 million.

"Our food delivery engine delivered best-ever results across innovation and execution, driving category-leading growth and rising profitability in lockstep," Majety said.

Swiggy, an on-demand convenience platform, has 5.4 lakh delivery partners covering 2.5 lakh restaurants across 700 cities. Swiggy Instamart, its quick commerce unit, operates in more than 120 cities, delivering groceries and other goods in 10 minutes.