New Delhi: Swiggy’s consolidated net loss doubled to Rs. 1,081 crore for Q4 FY 2025 from Rs.554 crore during the same period last year. This is even though revenues surged by 44.8% for the same period from Rs.3,045.5 crore to Rs. 4,410 crore due to increasing growth in the food delivery and quick commerce segments.
The company has been aggressively marketing to capture market share amid fierce competition in the quick commerce sector. It spent Rs.977.2 crore in Q4 FY2025, a 135% rise from last year. Overall, the company’s total expenses increased to Rs. 5,609.6 crore from Rs. 3,668 crore in the same period, due to the rising cost of expansion and customer acquisition. This is even as Swiggy Instamart’s Gross Order Value (GOV) doubled to Rs. 4,670 from last year.
The company added 316 new dark stores during the quarter, expanding its service to 124 cities.
Swiggy’s CEO, Sriharsha Majety, expects its EBITDA losses to reduce progressively in the future, as its operational efficiency improves and its market share stabilises.
“Quick commerce is in a phase of rapid expansion and heightened competitive intensity,” he said. “We have ramped up investments in market expansion, reach, and product differentiation. Our Out-of-Home Consumption business turned profitable in Q4, just two years after integration.”
After listing in November 2024, Swiggy’s shares have lost about 42% of their value, its shares are currently valued at Rs.314 as on May 9, even as analysts are divided on their recommendations for the stock.
