Swiggy Q3 results: Net loss widens to Rs 1,065 crore, revenue rises 54%
wiggy, India’s leading food delivery platform, reported a widened net loss of ₹1,065 crore for the third quarter, reflecting a challenging period for the company despite growing business volumes. The company’s revenue showed a 54% increase year-on-year, reaching ₹5,761 crore, driven by higher order volumes and increased adoption of delivery and subscription services. Swiggy continues to invest heavily in technology, logistics, and expansion into grocery and quick-commerce services, which contributed to the higher losses. While profitability remains a concern, the strong revenue growth highlights the platform’s increasing market presence and consumer engagement. Analysts note that Swiggy’s strategic investments are aimed at long-term growth, positioning it for future dominance in India’s competitive food and grocery delivery sector. The company also emphasized operational efficiency measures to manage costs in coming quarters.
The Key points
- Swiggy Q3 net loss: ₹1,065 crore, higher than previous year.
- Revenue jumped 54% to ₹5,761 crore.
- Growth driven by increased food order volumes.
- Investments in tech, logistics, and delivery expansion continue.
- Grocery and quick-commerce services contribute to revenue increase.
- Operational costs remain a major factor in losses.
- Company focuses on long-term market dominance.
- Consumer adoption of subscription services rising.
- Analysts highlight potential future profitability with efficiency measures.
- Swiggy remains a key player in India’s delivery ecosystem.
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