| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 4.0K | 10.9% |
| Total Income | 4.1K | 11.1% |
| Expenditure | 4.9K | 13.7% |
| PBT | -798.95 | 27.8% |
| Net Profit | -799.08 | 27.7% |
| OPM | -27.08% | 3.09pp |
| NPM | -19.51% | 2.54pp |
| EPS | -3.48 | 24.3% |
Swiggy Ltd Reports Q3 and Nine Months Ended December 31, 2024 Results: GOV Grows 38% YoY to INR 12,165 Cr, Consolidated Adjusted EBITDA Loss Reduces 2% YoY to INR 490 Cr
05 Feb 2025 · 5 Feb 2025, 09:41 pm
Summary
Swiggy Ltd, India’s pioneering on-demand convenience platform, reported results for the quarter and nine months ended December 31, 2024. The platform’s Gross Order Value (GOV) grew 38% YoY to INR 12,165 crore, while the consolidated adjusted EBITDA loss reduced by 2% YoY to INR 490 crore. The Food Delivery business GOV grew 19.2% YoY to INR 7,436 crore, delivering a 2.5% margin. Instamart GOV rose 88% YoY to INR 3,907 crore. Swiggy added 2.4 million MTUs over the past year, driven by multiple industry-leading innovations.
Key Highlights
- 1
Swiggy’s Gross Order Value (GOV) grew 38% YoY to INR 12,165 crore
- 2
Consolidated adjusted EBITDA loss reduced by 2% YoY to INR 490 crore
- 3
Food Delivery business GOV grew 19.2% YoY to INR 7,436 crore
- 4
Instamart GOV rose 88% YoY to INR 3,907 crore
- 5
Swiggy added 2.4 million MTUs over the past year
- 6
Instamart GOV growth rises to 881% YoY
- 7
Instamart now available in 84 Cities
- 8
The Out of Home Consumption segment ramps-up GOV growth to 68% YoY
- 9
Dineout business reached break-even for the month of December-24
Management Comments
Sriharsha Majety
MD & Group CEO, Swiggy
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.
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