Swiggy’s Q3 performance highlights a familiar trade-off between rapid scale-up and profitability pressures. The food delivery and quick commerce major reported a wider net loss even as revenue growth remained robust on a year-on-year basis.
For the quarter, Swiggy posted a net loss of ₹1,065 crore, compared with a loss of ₹800 crore in the same period last year, reflecting continued investments across delivery, quick commerce, and platform expansion.
On the topline, Swiggy delivered strong momentum. Gross User Revenue (GU) rose 54% YoY to ₹6,148 crore, up from ₹3,993 crore in the corresponding quarter last year.
However, profitability remained under pressure. EBITDA loss widened to ₹782 crore, compared with an EBITDA loss of ₹725 crore a year ago.
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