Swiggy Ltd, India’s leading online food and grocery delivery platform, reported its Q3 FY25 financial results, revealing a consolidated net loss of Rs 799.08 crore, compared to Rs 574.38 crore in the same period last year. Despite the widened loss, the company saw a 31% rise in revenue, reaching Rs 3,993.07 crore, up from Rs 3,048.69 crore in Q3 FY24.

Strong Growth in Order Volume and Revenue

Swiggy’s gross order value (GOV) surged 38% YoY, touching Rs 12,165 crore, reflecting strong consumer demand. The company’s average monthly transacting users (MTU) increased by 25.3% YoY, reaching 1.78 crore, with nearly a third of users engaging with multiple Swiggy services.

Food Delivery and Instamart Performance

The food delivery business recorded a 19.2% YoY growth, with GOV reaching Rs 7,436 crore. Swiggy also saw a sharp improvement in adjusted EBITDA, which jumped 63.7% QoQ to Rs 184 crore, improving margins from 0.3% to 2.5%.

Swiggy Instamart, the company’s quick-commerce arm, posted an impressive 88% YoY increase in GOV, touching Rs 3,907 crore. The average order value (AOV) grew by 14% YoY, reaching Rs 534, driven by an expanded product range and increased consumer engagement. The company added 96 new active stores during the quarter, further strengthening its quick-commerce footprint.

New Initiatives and Expansion Plans

Swiggy has been actively launching new services and expanding its offerings. The company introduced 'Bolt' and 'Snacc'—10-minute food delivery services, which have already gained traction, contributing 9% of total food deliveries. Additionally, Swiggy launched ‘Swiggy Scenes’ for restaurant event reservations and ‘One BLCK’, a premium tier of its Swiggy One subscription program.

With its continued investment in quick-commerce expansion, dark stores, and aggressive marketing strategies, Swiggy is positioning itself for long-term growth despite short-term losses. The company added 86 new Instamart stores in January 2025, signaling its commitment to scaling up operations.

Market Reaction

Swiggy’s Q3 results were released post-market hours, but earlier in the day, its stock price fell 3.59% to close at Rs 418.10. While the company’s expanding revenue base is promising, near-term challenges such as competition, operational costs, and quick-commerce investments remain key areas to watch.

Conclusion

Swiggy’s Q3 FY25 performance highlights strong revenue growth and expanding consumer adoption, despite the widening net loss. With its strategic focus on innovation, quick-commerce expansion, and enhanced food delivery services, the company remains a major player in India's evolving online food and grocery market.