Food delivery major Swiggy on Friday released its fiscal fourth quarter earnings report with a widened loss of Rs 1081.18 crore. This was significantly higher than Rs 553.70 crore recorded during the corresponding quarter of previous financial year. The company posted revenue from operations for the quarter in review at Rs 4410.02 crore, posting a growth of 44.80 per cent in comparison to Rs 3045.55 crore recorded during the corresponding quarter of previous financial year. The company EBITDA loss stood at Rs 962 crore.
Sriharsha Majety, MD & Group CEO, Swiggy, said, “FY25 was a year of many firsts for Swiggy. We launched multiple new apps, across Instamart, Snacc and recently, Pyng; all of which are aimed at opening up new user-segments and markets.”
Swiggy has Rs 6,695 crore cash and cash equivalents as of 31 Mar 2025.
Swiggy’s performance across business verticals
Swiggy’s Food Delivery business posted a revenue of Rs 1629.31 crore during the fourth quarter of FY25, posting a growth of around 18 per cent YoY. The Gross Order Value (GOV) continued to grow in line with guidance at 17.6 per cent YoY, to Rs 7,347 crore. Adjusted EBITDA grew by over 5x YoY to Rs 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. The business added 2.2 million monthly transacting users in the year, taking it to 15.1 million. In a regulatory filing, the company said that the improved salience through innovative services like speedier deliveries through Bolt (which powers 12 per cent Food delivery orders already) and differentiated propositions like the top-tier subscription programme One BLCK continued to drive up consumer traction.
Sriharsha Majety said, “Q4 is a seasonally-weak quarter coming after the festive season, though it does benefit late in the quarter due to a popular sporting event. While the quarter had a slow start, we delivered Food delivery GOV growth of 17.6 per cent YoY in Q4. We maintain our annual growth guidance of 18-22 per cent over the medium term.”
Swiggy Instamart recorded Q4 revenue at Rs 689.05 crore, posting a growth of 114.85 per cent on-year. The business vertical accelerated its GOV growth to 101 per cent YoY, clocking Rs 4,670 crore in Q4. Average order value increased by 13.3 per cent YoY to Rs 527. During the period, Instamart added 316 new darkstores, its highest-ever during a quarter, taking the network to 1021 stores by the end of March. It added more darkstores in Q4 than it added cumulatively over the past 8 quarters. Sriharsha Majety said, “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).” Swiggy Instamat is now available in 124 cities.
Out of Home Consumption posted Q4 revenue at Rs 67.10 crore. The business’ GOV grew 41.6 per cent YoY in Q4, and the segment turned profitable with an Adjusted EBITDA margin of 0.3 per cent. “Our Out of Home Consumption business turned profitable in Q4, within just 2 years of its integration. Overall, we remain focused on growth, on the back of delivering unparalleled convenience to consumers,” Sriharsha Majety said.