Swiggy, the Bengaluru-based food delivery platform, reported a sharp 45% growth in revenue for the fourth quarter of FY25, reaching Rs 4,410 crore. However, the company also saw its net loss widen to Rs 1,081 crore compared to Rs 555 crore in the same quarter last year. The increase in loss was mainly due to Swiggy’s aggressive investments in its quick-commerce platform Instamart, along with other expansion initiatives. Despite the higher spending, Swiggy remains focused on scaling up its operations across food delivery and new verticals.
Swiggy CEO Highlights Key Milestones
Sriharsha Majety, Group CEO and Managing Director of Swiggy, called FY25 “a year of many firsts” for the company. He highlighted the strong performance of the food delivery segment and the rollout of new services like Snacc and Pyng. Majety said that Swiggy’s food delivery business delivered its best-ever results in terms of execution and innovation. He also spoke about the rapid expansion of Instamart, supported by new initiatives like Megapods, Maxxsaver, and over 1,000 dark stores now operating in 124 cities across India.
Swiggy’s core food delivery business continued to show solid growth, with Gross Order Value (GOV) increasing by 17.6% year-over-year to Rs 7,347 crore. The company also improved its adjusted EBITDA, reaching Rs 212 crore with a margin of 2.9% of GOV, up from 0.5% last year. This improvement was driven by better efficiency and innovations such as Bolt, a service that now powers 12% of all food orders on the platform.
Swiggy Instamart Scales Rapidly
Instamart, Swiggy’s quick-commerce arm, recorded a significant GOV increase of 101% year-over-year, reaching Rs 4,670 crore in Q4. During the quarter, Swiggy added 316 new dark stores, which is more than what it had added in the past two years combined. Although Instamart is helping Swiggy grow rapidly, the high costs of customer acquisition and new store launches led to a deeper adjusted EBITDA loss of Rs 840 crore, up from Rs 273 crore a year ago.
Swiggy also saw strong growth in user engagement. The average number of monthly transacting users grew by 35%, reaching 19.8 million. Out of these, 35% used more than one service on the platform. Swiggy’s focus on multi-app usage and membership programs like Swiggy One BLCK is helping to keep users engaged and loyal. Despite short-term losses, the company remains optimistic about its long-term strategy and growth potential.
