Swiggy Q3 FY25 Performance: Strong Growth and Market Expansion

Swiggy's Q3 FY25 Performance: Strong Growth and Market Expansion

Swiggy, India’s leading on-demand convenience platform, reported a robust performance in Q3 FY25, with significant growth in its food delivery, quick commerce, and out-of-home consumption businesses.

Key Financial Highlights

• Gross Order Value (GOV) Grew 38% year-on-year (YoY) to INR 12,165 crore.
• Food Delivery GOV: Increased by 19.2% YoY to INR 7,436 crore, driven by user growth and new service offerings.
• Instamart GOV (Quick Commerce): Surged 88.1% YoY to INR 3,907 crore, reflecting rapid expansion in dark stores and consumer adoption.
• Out-of-Home Consumption: Witnessed a 68% YoY growth, with Swiggy Dineout reaching profitability in December 2024.
• EBITDA Performance: Adjusted EBITDA loss reduced by 2% YoY to INR 490 crore, reflecting improved efficiency despite investment in expansion.

Business Expansion and Innovation

1. Food Delivery Strengthens with New Offerings

Swiggy introduced several innovations aimed at improving customer experience and driving demand:

• Bolt & Snacc: 10-minute restaurant food delivery services, contributing to 9% of total food deliveries.
• Pocket Hero & Eco Saver: Initiatives aimed at affordability, attracting price-sensitive consumers.
• Group Ordering & Express Delivery: Enhancements designed to improve convenience and drive repeat usage.

2. Quick Commerce Scaling Rapidly

Swiggy Instamart continues to be a key growth driver with:

• 96 new dark stores were added in Q3, bringing the total to 705.
• Expansion into 84 cities, with plans to reach 4 million sq ft in active dark store area by March 2025.
• Order value growth of 14% YoY, driven by increased available SKUs and consumer adoption.

3. Strengthening Market Position

Swiggy continues to invest in expansion and customer engagement:

• Swiggy One BLCK: A premium membership tier offering exclusive benefits.
• Swiggy Scenes: A new service focusing on restaurant event reservations.
• Sustainability & Social Initiatives: Plans to add 100,000 women delivery partners by 2030 and redistribute 50 million meals to underserved communities.

Looking Ahead

Despite growing competition, Swiggy is positioning itself for long-term profitability. With a strong focus on innovation, market expansion, and customer-centric services, the company aims to sustain its growth trajectory and improve margins.