Swiggy Limited, India’s leading food delivery and quick-commerce platform, announced its Q3 FY25 financial results, reporting a 30.9% year-on-year (YoY) increase in revenue to ₹3,993.07 crore, while its net loss widened to ₹799.08 crore. The financial results were approved by the company’s Board of Directors and reviewed by its statutory auditors, BSR & Co. LLP.
Financial Highlights (Q3 FY25 vs. Q3 FY24):
- Revenue from operations: ₹3,993.07 crore, up 30.9% from ₹3,048.69 crore in Q3 FY24.
- Net loss: ₹799.08 crore, compared to ₹574.38 crore in Q3 FY24.
- Total income: ₹4,095.83 crore, up from ₹3,130.93 crore YoY.
- Total expenses: ₹4,898.27 crore, compared to ₹3,700.17 crore in the same quarter last year.
Segment Performance:
Swiggy operates across multiple business segments, with significant contributions from:
- Food Delivery: ₹1,634.68 crore (up from ₹1,317.40 crore YoY).
- Quick Commerce (Instamart): ₹576.50 crore (up from ₹270.04 crore YoY).
- Supply Chain & Distribution: ₹1,692.57 crore (up from ₹1,376.81 crore YoY).
- Out-of-Home Dining (DineOut & Events): ₹66.45 crore (up from ₹36.21 crore YoY).
- Platform Innovations (Swiggy Genie, Private Brands, etc.): ₹22.85 crore.
Key Business Developments:
- IPO Completed: Swiggy successfully completed its Initial Public Offering (IPO) during the quarter, raising ₹4,358.98 crore net of issue expenses.
- Expansion in Quick-Commerce: The company saw over 100% growth in its quick-commerce segment Instamart, driven by rising consumer adoption.
- Increased Advertising & Promotions: Swiggy’s advertising and sales promotion expenses surged to ₹751.48 crore, reflecting its aggressive growth strategy.
- Operational Challenges: Swiggy faced higher delivery costs of ₹1,126.94 crore due to increased incentives for delivery partners and higher fuel prices.
Despite widening losses, Swiggy continues to expand aggressively, with a focus on quick-commerce, restaurant dining solutions, and supply chain enhancements. The company remains optimistic about its long-term growth prospects, leveraging its strong market presence and technological advancements.
