Swiggy's Financial Performance in Q4

Food delivery and quick commerce giant Swiggy has reported a significant increase in its consolidated net loss, reaching Rs 1,081.18 crore for the March quarter. This marks a near doubling from the Rs 554.77 crore loss recorded in the same period last year.

Revenue Growth Amidst Rising Expenses

Despite the widening losses, Swiggy's revenue from operations saw a 45% year-on-year increase to Rs 4,410 crore during the January-March period. However, total expenses also rose sharply to Rs 5,609.6 crore from Rs 3,668 crore in the previous year, reflecting the company's aggressive expansion and customer acquisition strategies.

Quick Commerce and Future Plans

Swiggy's quick commerce arm, Instamart, experienced a 13.3% growth in average order value to Rs 527. The company added 316 dark stores in the quarter, a 45% increase sequentially. "Quick commerce is in a phase of rapid expansion and heightened competitive intensity," said Swiggy MD & Group CEO Sriharsha Majety, emphasizing the company's focus on growth and consumer convenience.