Swiggy Share Price in Focus: Revenue Up, Net Loss Widens in Q4FY25

On Monday, May 12, 2025, Swiggy share price rose ~1%, reaching a day high of ₹320.00 at 09:30 AM after opening at ₹318.55 on BSE. The gain in Swiggy share price follows the release of Q4FY25 and FY25 results. The food delivery and quick-commerce giant reported a consolidated net loss of ₹1,081.18 crore for Q4FY25, nearly double the ₹554.77 crore loss recorded in the same period last year, marking a 95% YoY surge. However, the company's operating revenue surged 44.8% YoY to ₹4,410 crore, up from ₹3,045.55 crore in Q4FY24, reflecting robust demand and business expansion.

Swiggy Food Delivery Business: Saw Steady Growth and Margin Gains

Swiggy’s core food delivery business maintained strong momentum, with Gross Order Value (GOV) rising 17.6% YoY to ₹7,347 crore, in line with company guidance. Adjusted EBITDA for the segment increased 15.4% quarter-on-quarter (QoQ) and over fivefold YoY to ₹212 crore. Operational efficiencies and disciplined execution led to a significant improvement in margins, which expanded to 2.9% of GOV, up from 0.5% a year ago.

The platform also added a market-leading 2.2 million monthly transacting users (MTUs) over the past year. Swiggy attributed the surge in customer engagement to innovations such as faster delivery through Bolt, which now handles 12% of food delivery orders, and premium offerings like its One BLCK subscription program.

Swiggy Instamart: Scales Rapidly Amid Competitive Pressures

Swiggy’s quick-commerce vertical, Instamart, posted a GOV growth of 101% YoY (and 19.5% QoQ), reaching ₹4,670 crore in Q4. The average order value rose 13.3% YoY to ₹527. Instamart also added 316 dark stores during the quarter—its highest ever—expanding total active dark store area to 4 million sq ft, a 62% QoQ increase.

Despite aggressive investments in customer acquisition in a highly competitive landscape, which drove MTUs up 40% QoQ to 9.8 million, profitability took a hit. The contribution margin declined from -4.6% in Q3FY25 to -5.6% in Q4FY25, and the segment’s Adjusted EBITDA loss widened to ₹840 crore. This was largely due to the high share of new stores and first-time users in the operational mix.

What Swiggy Management Said on Q4FY25 Earnings?

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. Our Food delivery engine delivered best-ever results across innovation and execution, driving category-leading growth and rising profitability in lockstep. “

She further added, “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 2 years of its integration. Overall, we remain focused on growth, on the back of delivering unparalleled convenience to consumers.”

Also Read: Swiggy Transfers Digital Food Brands to Kouzina in Strategic Move

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