Swiggy Q3 Results: Net loss widens to ₹800 crore, revenue up 31% YoY; Quick comm revenue surges 114% YoY | Stock Market News

Sriharsha Majety, MD & Group CEO, Swiggy, said

“We continued our focus on creating segmented offerings for the consumer during the festive quarter, which

we believe will open up more consumption occasions. In recent months, we’ve introduced Bolt and Snacc

(10-minute food delivery), expanded into new categories within Quick-Commerce, and plan to offer an even

greater assortment. We’ve also launched Swiggy Scenes focused on restaurant event reservations; and

introduced One BLCK, the premium tier of our Swiggy One subscription program. We delivered higher YoY

growth across all 3 of our primary businesses during Q3, which accelerated B2C GOV growth to 38% YoY.

The secular expansion in Food delivery margins and cashflow generation is balanced by growth investments

being made in Quick-commerce including darkstores expansion and marketing, amidst high competitive

intensity in the near term. With this thrust, Instamart added another 86 stores in January 2025, and has

grown MTUs to 9 million (+2 million).”

Key financial and operational highlights for the quarter:

Swiggy’s Food Delivery business Gross Order Value (GOV) grew 19.2% YoY to INR 7,436 crore. Adjusted

EBITDA grew 63.7% QoQ to INR 184 crore, delivering a 2.5% margin, up from 0.3% a year ago. The segment

also added 2.4 million MTUs over the past year, driven by multiple industry-leading innovations. ‘Bolt,’ a

10-minute restaurant food delivery service launched in October 2024, already accounts for 9% of overall food

(formerly known as “Swiggy Private L