Swiggy's Q3 loss widens by 39% as quick commerce expenses pile up
December quarter, Swiggy witnessed a stable increase in topline as well as an increase in expenses, dragging its P&L further in the red.
Swiggy Q3 Results: Net loss widens to ₹800 crore, revenue up 31% YoY; Quick comm revenue surges 114% YoY
Results: The newly listed food aggregator’s revenue from operations in the third quarter of the current fiscal rose 31 per cent to ₹3,993 crore, compared to ₹3,049 crore in the year-ago period.
Swiggy Q3 results: Net loss widens to Rs 799 crore, GOV grows 38%
Swiggy’s gross order value (GOV) grew 38 per cent Y-o-Y to Rs 12,165 crore. The company said the consolidated adjusted (Ebitda) loss reduced by 2 per cent Y-o-Y to Rs 490 crore but rose Rs 149 crore quarter-on-quarter (Q-o-Q).
Swiggy’s Q3 losses widen 40% to Rs 799 crore; Instamart margins hit amid rising competition
Swiggy reported a 31% revenue growth to Rs 3,993 crore in Q3, but losses widened to Rs 799 crore due to investments in quick commerce. Despite increased competition, its food delivery business and Instamart showed growth.
Swiggy Share Price: Rs 799 crore loss in Q3; BUY, SELL or HOLD?
Brokerages have given mixed ratings on the shares of Swiggy Limited. The food and grocery delivery major has announced results for the third quarter of the financial year 2024-25.
Swiggy Q3 results: Net loss widens 39% to Rs 799 crore
Food delivery platform Swiggy Ltd on February 5 reported its net loss widened to Rs 799 crore in the quarter ended December 31, 2024. Swiggy's revenue from operations rose 31% to Rs 3,993 crore in Q3FY25 as against Rs 3,049 crore in Q3FY24.
Swiggy Q3 results: Net loss widens to Rs 799 crore; revenue jumps 31%
Consolidated net loss widened to Rs 799.08 during the December 2024 quarter (Q3 FY25) as against Rs 574.38 crore in the year-ago period.
Swiggy Share Price Drops 7% As Loss Widened to Rs.800 Cr | Latest Target Price from Analysts
Shares of Swiggy fell more than 7% on Thursday after the food delivery giant's losses widened for the october-december quarter. Swiggy announced its December quarter results for fiscal 2024-25 (Q3FY25) on Wednesday,
Swiggy shares tumble nearly 8 pc; hit 52-week low as Q3 loss widens
Shares of food and grocery delivery major Swiggy on Thursday dropped nearly 8 per cent after the firm reported widening of consolidated loss to Rs 799
Swiggy shares crack 7% to 52-week low as Q3 loss widens. Should you buy, sell, or hold?
Swiggy shares fell 7.4% to a 52-week low of Rs 385.25 following a consolidated loss report of Rs 799 crore for the December quarter, despite a 31% rise in revenue. Analysts have mixed outlooks; UBS maintains a 'Buy' rating,
Swiggy share price slumps over 7%, slips below IPO price as Q3 loss widens. Should you buy, sell or hold?
Swiggy share price fell 7.4% after reporting a third-quarter loss of ₹799.08 crore. Total expenses increased significantly, but revenue rose to ₹3,993.06 crore, indicating growth amid competitive pressures and investments in quick-commerce.
Swiggy Q3 Results FY25 Live Updates: Swiggy posts Rs 799 crore loss in Q3 FY25; revenue at Rs 3,993 crore
Swiggy, the leading food delivery and quick commerce platform, is expected to experience a sequential rise in revenue during ...
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Swiggy Q3 Review: Quick Commerce Remains Pain Point As Competition Intensifies
UBS maintained a 'Buy' rating on Swiggy stock with a target price of Rs 510, while Macquarie maintained an 'Underperform' ...
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Swiggy Instamart’s Q3 Margins Hit By Rising Competition In Quick Commerce
Swiggy Instamart’s contribution margin dropped to -4.6% during the quarter under review (Q3 FY25) from -1.9% in the preceding ...
Swiggy hits fresh 52-week low post weak Q3 earnings; Macquarie sees over 22% potential downside
Swiggy's widening losses during the December quarter may be owing to the 32 per cent on-year rise in its expenses during the ...
Swiggy management confident of EBITDA profitability by Q3 FY26
Swiggy aims for EBITDA profitability by Q3 FY26, driven by food delivery growth and quick commerce breakeven. The quick ...
The Financial Express1d
Swiggy, Zomato face rising costs amid slowing growing in food delivery biz
FY25, Zomato’s Blinkit was near break-even, but in Q3, its adjusted Ebitda margins slipped to -1%. Swiggy Instamart’s margins ...
Swiggy Instamart’s delivery on order value, take rate trail Zomato, Blinkit
Investors in quick commerce must be prepared for the long haul. However, even patient investors face a tough choice between Swiggy and Zomato.
Fortune India2d
Swiggy shares get hammered for the second day in a row; is everything alright with the foodtech major?
Swiggy shares declined as much as 7.4% to hit its all-time low of ₹387 on the BSE today as Q3 loss widens by 39% to ₹799 ...