Swiggy Q2 Results: Revenue Surges 30% to ₹3,602 Crore

By Equitymarketinsights.com Dashed Trail Plus

Swiggy Reports Strong Revenue Growth

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Losses Narrow

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User Base Growth

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Bolt: 10-Minute Delivery Success

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Quick Commerce Expansion

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CEO's Perspective

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Comparison with Rival Zomato

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Stock Market Performance

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Conclusion:

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Swiggy Q2 Results: Revenue Surges 30% to ₹3,602 Crore

Swiggy Reports Strong Revenue Growth

Swiggy's revenue jumped 30% to ₹3,602 crore in Q2FY25, compared to ₹2,763.3 crore in the same period last year.

Losses Narrow

The company reduced its losses by 5%, from ₹657 crore last year to ₹626 crore this quarter.

User Base Growth

Swiggy's monthly transacting users (MTU) grew by 1 million in Q2, reaching 17.1 million—a 19% YoY and 7% QoQ increase.

Bolt: 10-Minute Delivery Success

Swiggy's Bolt, a 10-minute food delivery platform, now accounts for 5% of all food orders.

Quick Commerce Expansion

Swiggy Instamart operates in 54 cities, delivering 32,000+ unique items with an average delivery time of 13 minutes.

CEO's Perspective

MD & Group CEO Sriharsha Majety credits innovation and execution for the strong performance, stating, "We constantly anticipate and improve the consumer experience."

Comparison with Rival Zomato

Zomato reported ₹4,799 crore in revenue and a profit of ₹272 crore in the same quarter, outperforming Swiggy.

Stock Market Performance

Swiggy's shares closed at ₹501.30 apiece on the BSE on December 3, marking its first results since going public.

Conclusion:

With robust revenue growth, reduced losses, and an expanding user base, Swiggy continues to innovate and compete in the food delivery space.

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