Swiggy Loss Widens Despite 54% Revenue Jump

  Published 10 months ago

Swiggy’s Q1 loss widened to Rs 11.97 billion due to heavy Instamart investments, despite strong revenue growth.

  • Revenue surged 54% YoY to Rs 49.61 billion, driven by food and quick-commerce business momentum.
  • Consolidated expenses rose 60% to Rs 62.44 billion amid higher advertising and infrastructure costs.
  • Instamart expansion, discounts, and logistics spend pressured margins as Swiggy battles rivals in the quick-commerce race.

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