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Swiggy Q4 results: Loss widens to ₹1,081 cr despite record Instamart growth

Business Standard LogoBusiness Standard10h ago

Swiggy Q4 results: Loss widens to ₹1,081 cr despite record Instamart growth - Business Standard

Quick Summary:

Swiggy Limited on Friday reported a consolidated loss of ₹1,081.1 crore for the quarter ended March 31, 2025 (Q4FY25).

Majety said quick commerce is undergoing rapid expansion amid heightened competitive intensity.“We have ramped up investments aimed at market expansion (Megapods), reach (over 1,000 stores across 124 cities), and differentiation (Maxxsaver),” he said.

Over 45,000 restaurant brands—including major quick service restaurant (QSR) chains—across more than 500 cities are now on Bolt, offering 47 lakh dishes across 26 cuisines.“We work with restaurant partners on their internal processes to enable food preparation in under five minutes, while providing access to a readily available delivery fleet,” the company said.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 19:20:35 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 853 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28516099

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