Swiggy Q4 Results: Food delivery and quick-commerce company Swiggy on Friday, May 9, reported a consolidated loss of ₹1,081.18 crore for Q4FY25, which was almost double (95 per cent) from a loss of ₹554.77 crore reported in the same quarter of the previous financial year. The company’s revenue from operations, however, jumped 44.8 per cent YoY to ₹4,410 crore during the quarter from ₹3,045.55 crore in the same quarter of FY24.

The company said its food delivery business gross order value (GOV) continued growing in line with guidance at 17.6 per cent YoY to ₹7,347 crore.

“Adjusted EBITDA grew 15.4 per cent quarter-on-quarter (QoQ) and over five times YoY to ₹212 crore, and strong efficiency and execution drove a margin expansion to 2.9 per cent of GOV, up from 0.5 per cent a year ago,” said the company.

“Improved salience through innovative services like speedier deliveries through Bolt (which powers 12 per cent of food delivery orders already) and differentiated propositions like the top-tier subscription programme One BLCK continued to drive up consumer traction,” said the company.

On the other hand, the GOV growth of Swiggy Instamart jumped 101 per cent YoY and 19.5 per cent QoQ, clocking ₹4,670 crore in Q4.

Average order value in the segment increased by 13.3 per cent YoY to ₹527.

“Instamart added 316 new darkstores (+45 per cent QoQ), its highest-ever during a quarter; driving up active darkstore area to 4 mn sq ft (+62% QoQ) in line with guidance,” said Swiggy.

“Investments into customer acquisition amidst high competitive intensity saw MTUs (monthly transacting users) surge 40 per cent QoQ to 9.8 million. Led by these growth investments (which imply a lifetime-high proportion of new stores and users in the operating mix), contribution margin declined from -4.6 per cent in Q3FY25 to -5.6 per cent in Q4FY25, and adjusted EBITDA loss increased to ₹840 crore,” said the company.

Swiggy management commentary

“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 (1000+ stores across 124 cities) and differentiation (Maxxsaver). Our Out of Home Consumption business turned profitable in Q4, within just two years of its integration. Overall, we remain focused on growth, on the back of delivering unparalleled convenience to consumers,” said Sriharsha Majety, MD & Group CEO, Swiggy.

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