Despite a significant jump in revenue, food and grocery delivery platform Swiggy reported a widening of its consolidated net loss to ₹1081 crore in the fourth quarter of FY25. This is a substantial 95% year-on-year increase from the ₹554.7 crore loss reported in the same period last year. The mounting losses come at a time when the company’s advertising and sales promotion expenses have soared. 

Swiggy’s revenue from operations saw a healthy 44.8% year-on-year increase, climbing to ₹4410 crore in Q4 FY25 from ₹3045.5 crore in the corresponding quarter of the previous fiscal year. This growth was driven by strong performances in both its food delivery and quick-commerce (Instamart) businesses.

However, the company’s total expenses also surged by 52.9% to ₹5610 crore during the same period. A major contributor to this increase was a staggering 135.5% year-on-year rise in advertising and sales promotion expenses, which reached ₹978 crore in Q4 FY25 compared to ₹415.2 crore in Q4 FY24. 

Swiggy highlighted the rapid growth of its quick-commerce platform, Instamart, whose Gross Order Value (GOV) grew by 101% year-on-year. The company aggressively expanded Instamart’s reach, adding a significant number of new dark stores. While this expansion has driven revenue growth in the quick-commerce segment (up 114.9% year-on-year), it has also led to higher customer acquisition costs and increased operational expenses, contributing to the wider overall loss. 

Swiggy’s MD and Group CEO, Sriharsha Majety, acknowledged FY25 as “a year of many firsts” for the company, with the launch of new services and strong growth in key segments. He stated that while quick-commerce is in a phase of “rapid expansion and heightened competitive intensity,” the company remains focused on growth and delivering convenience to consumers. Notably, Swiggy’s out-of-home consumption business turned profitable in Q4 FY25.

For the full fiscal year FY25, Swiggy’s consolidated loss widened to ₹3116.8 crore compared to ₹2350.2 crore in FY24, while its revenue increased to ₹15226.8 crore from ₹11247.3 crore.

Key Highlights:

• Swiggy’s net loss widened to ₹1081 crore in Q4 FY25, a 95% YoY increase. 
• This surge in losses is attributed to soaring advertising expenses, which jumped 135.5% YoY.
• Despite the losses, Swiggy’s revenue from operations grew by 44.8% YoY, driven by food delivery and Instamart. 
• The aggressive expansion of Instamart has contributed to higher expenses and wider losses.