Swiggy Records 45% Growth in Q4 FY25 Revenue

Swiggy has achieved a remarkable 45% year-on-year increase in its operating revenue, climbing to Rs 4,410 crore during Q4 FY25, compared to Rs 3,045 crore in Q4 FY24. Despite this growth, the Bengaluru-based company experienced a substantial 95% rise in losses during the same timeframe.

Key Revenue Contributors

The food delivery segment remains a significant driver of revenue for Swiggy, accounting for 37% of the total income in Q4 FY25. Revenue from this division saw an 18% increase, reaching Rs 1,629 crore, up from Rs 1,375 crore in Q4 FY24.

The quick commerce segment exhibited exceptional performance, with revenue soaring by 115% to Rs 689 crore in Q4 FY25 from Rs 320 crore in Q4 FY24. This notable growth in gross order value (GOV) was fuelled by an increase in order frequency and the establishment of additional dark stores.

Significant Contributions from Scootsy Logistics

Scootsy Logistics played a crucial role in Swiggy’s overall operating revenue, contributing 45% to the total. Revenue from this segment rose by 58% year-on-year, amounting to Rs 2,004 crore in Q4 FY25, compared to Rs 1,265 crore in Q4 FY24. During this quarter, Swiggy allocated Rs 1,000 crore towards expansion and growth for Scootsy.

Overall Financial Performance

Swiggy’s total revenue, including contributions from Dine Out, Genie, Swiggy Mini, and other non-operating income, reached Rs 4,531 crore in Q4 FY25. Over the full fiscal year ending March 2025, total revenue rose by 35% to Rs 15,227 crore from Rs 11,247 crore in FY24.

Expenditure Overview

On the expenditure side, the procurement of FMCG products for supply chain distribution constituted 33% of overall costs, which increased by 52% to Rs 1,854 crore in Q4 FY25. Additionally, delivery charges grew by 27%, amounting to Rs 1,161 crore in Q4 FY25. Swiggy also recorded expenses of Rs 695 crore and Rs 978 crore on employee benefits and advertising, respectively.

Overall, Swiggy’s total expenses for the quarter rose by 53% to Rs 5,609 crore, an increase from Rs 3,668 crore in Q4 FY24. On a fiscal year-on-year basis, total expenses surged to Rs 18,725 crore in the quarter ending March 2025, compared to Rs 13,947 crore in FY24.

Losses and Stock Performance

The substantial 53% increase in expenses resulted in a 95% surge in losses, which reached Rs 1,081 crore in Q4 FY25, up from Rs 555 crore in Q4 FY24. On an annual basis, Swiggy’s losses grew by 33% to Rs 3,117 crore in FY25 from Rs 2,350 crore in FY24.

Swiggy experienced a slight drop of 0.25% in its share price today, trading at Rs 314.4 (as of 16:20), with a total market capitalisation of Rs 72,000 crore.

Zomato’s Financial Snapshot

In comparison, Zomato’s parent company, Eternal, reported a 64% increase in revenue from operations, reaching Rs 5,833 crore in Q4 FY25, compared to Rs 3,562 crore in Q4 FY24. Despite this growth, the Gurugram-based firm saw its profit after tax decline to Rs 39 crore in Q4 FY25.