Swiggy Limited — Updates, 05-02-2025: Press Release

Swiggy has solidified its growth trajectory in the food delivery and quick-commerce markets. The platform's Gross Order Value (B2C GOV) surged 38% YoY, reaching INR 12,165 Cr, while consolidated adjusted EBITDA loss narrowed by 2% YoY to INR 490 Cr. Food delivery GOV increased by 19.2% YoY to INR 7,436 Cr, with adjusted EBITDA margins improving to 2.5%. Instamart saw an impressive 88.1% YoY growth in GOV, hitting INR 3,907 Cr, alongside an increase in active darkstore area to 2.45 million sq ft. Ongoing investments in quick-commerce are essential for long-term growth amid competitive pressures. Innovations such as 'Bolt' for quick deliveries and strategic expansions in services are anticipated to drive user engagement, indicating a positive outlook for Swiggy amidst aggressive market dynamics.