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Food delivery giant Swiggy Ltd. reported a sharp rise in its net loss for the quarter ended June 2025, with losses ballooning to ₹1,197 crore—almost double the ₹611 crore loss posted in the same period last year. The widening deficit was primarily driven by the company’s Quick Commerce arm, Instamart, which continues to bleed heavily despite a surge in revenue.
Instamart's EBIT (Earnings Before Interest and Tax) loss widened to ₹797 crore, up from ₹379 crore in the June quarter of 2024, signaling ongoing pressure on Swiggy’s efforts to scale its rapid delivery operations.
Overall revenue for the company rose 54% year-on-year to ₹4,961 crore, up from ₹3,222 crore. However, higher operating costs dragged EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) further into negative territory, at a loss of ₹954 crore compared to ₹544 crore a year ago.
Swiggy’s core food delivery business remained relatively healthy, with revenues climbing to ₹1,799 crore from ₹1,515 crore in the same quarter last year. EBIT for this segment rose significantly to ₹202 crore, compared to ₹67 crore last year—highlighting improved unit economics.
Quick commerce revenue more than doubled to ₹806 crore, up from ₹374 crore in Q1 FY24. Despite this growth, the division remains a major drag on overall profitability.
Gross Order Value (GOV), a key metric for consumer-facing platforms, rose 45% year-on-year to ₹14,797 crore. Food delivery GOV grew 18.8% to ₹8,086 crore, while quick commerce GOV surged 108% to ₹5,655 crore, reflecting strong demand in the ultrafast delivery segment—even as profitability remains elusive.
Swiggy’s supply chain, distribution, and platform innovation divisions also reported widening EBIT losses.
Shares of Swiggy ended the trading day 0.7% higher at ₹403.95, staying above its IPO price of ₹390. However, the stock remains down 25% year-to-date in 2025, as investors continue to weigh rapid growth against deepening losses.
As the battle for quick commerce dominance intensifies, Swiggy faces the ongoing challenge of balancing aggressive expansion with a path to profitability—particularly in a capital-intensive segment like Instamart.
