Swiggy, the online food delivery giant, reported a deepened net loss of Rs 1,081 crore in Q4 FY25, a 95% jump from Rs 554 crore in Q4 FY24, according to its stock exchange filing on Friday. Annual losses for FY25 widened by 35%, rising from Rs 2,350 crore to Rs 3,116 crore, driven by heavy investments in quick commerce, with consolidated adjusted EBITDA loss hitting Rs 732 crore.

Despite the losses, Swiggy’s revenue climbed to Rs 5,609 crore in Q4, up from Rs 3,668 crore the previous year. “FY25 marked significant milestones,” said Sriharsha Majety, MD and Group CEO. “We launched new apps like Instamart, Snacc, and Pyng, driving category-leading growth in food delivery and profitability in our out-of-home consumption business within two years.”

Swiggy’s food delivery Gross Order Value (GOV) grew 17.6% to Rs 7,347 crore, while Instamart’s GOV surged 101% to Rs 4,670 crore, with average order value rising 13.3% to Rs 527. The company added 316 darkstores in Q4, expanding active darkstore area to 4 million square feet. Monthly transacting users rose 35% to 19.8 million, with 35% using multiple services.

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Majety emphasized Swiggy’s focus on growth and consumer convenience, despite the financial strain from rapid expansion. The company’s aggressive push into quick commerce and new market segments underscores its strategy to capture diverse user bases, even as it grapples with mounting losses.

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