Shares of Swiggy Ltd fell 6.47% to ₹391 after the company reported a widened net loss of ₹799 crore for Q3 FY25, up from ₹574 crore in Q3 FY24. The decline comes despite a 31% YoY growth in revenue as profitability remains impacted by investments in quick commerce and marketing efforts.
Stock Performance Update (as of 9:15 AM)
- Current share price: ₹391
- Previous close: ₹418.05
- Market cap: ₹885.47 billion
- 52-week range: ₹389.05 – ₹617.30
Key Financial Highlights (Q3 FY25)
- Net loss: ₹799 crore, compared to ₹574 crore in Q3 FY24.
- Revenue from operations: ₹3,993 crore, a 31% YoY increase from ₹3,049 crore in Q3 FY24 and up 18.1% sequentially from ₹3,381.45 crore in Q2 FY25.
- EBITDA loss: ₹725.66 crore, up from ₹554.17 crore in Q2 FY25.
- Gross Order Value (B2C GOV): ₹12,165 crore, up 38% YoY.
Segment-wise Performance
- Swiggy Instamart: Revenue increased 17.7% QoQ to ₹576.50 crore, compared to ₹490 crore in Q2 FY25.
- Food delivery business: Revenue rose 3.8% QoQ to ₹1,636.8 crore, compared to ₹1,577.47 crore in the previous quarter.
- Instamart GOV: Increased 88.1% YoY to ₹3,907 crore, with 96 new dark stores added during the quarter, reflecting a 16% sequential growth.
- Food delivery GOV: Grew 19.2% YoY to ₹7,436 crore.
Management Commentary and Business Updates
Swiggy’s MD and CEO, Sriharsha Majety, emphasized the company’s focus on innovations like Bolt (10-minute food delivery) and expanding quick commerce categories. The company also launched Swiggy Scenes for restaurant event reservations, and Instamart added 86 new stores in January 2025, with Monthly Transacting Users (MTUs) growing to 9 million (+2 million YoY).
The company’s growth investments in quick commerce and marketing amid intense market competition are likely to weigh on short-term profitability but are expected to drive long-term growth.
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