Swiggy Q4 FY25 Results: Net Loss Widens to ₹1,081 Crore Despite 45% Surge in Revenue

Swiggy reported a consolidated net loss of ₹1,081.18 crore for the fourth quarter of FY25, marking a steep 94.9% increase from ₹554.77 crore in the same period last year. This rise in losses comes despite a strong 45% year-on-year (YoY) growth in operational revenue, which stood at ₹4,410 crore, up from ₹3,046 crore in Q4 FY24.

On a sequential basis, Swiggy’s revenue rose from ₹3,993 crore reported in the December quarter. However, rising costs weighed on the bottom line. Total expenses surged to ₹5,609.6 crore in Q4, up 53% from ₹3,668 crore a year ago and 14.5% from ₹4,898 crore in the previous quarter.

For the full financial year FY25, Swiggy posted a net loss of ₹3,117 crore—33% higher than the ₹2,350 crore loss recorded in FY24. Annual consolidated revenue from operations rose 35% to ₹15,227 crore from ₹11,247 crore in the previous fiscal. Annual expenses stood at ₹18,725 crore, rising 34% year-on-year.

In contrast, rival Zomato saw its consolidated profit after tax (PAT) for Q4 FY25 decline 78% YoY to ₹39 crore. However, Zomato’s revenue grew 64% YoY in the March quarter to ₹5,833 crore. For the full year, Zomato posted a net profit of ₹527 crore, up 50% YoY, with revenue touching ₹20,243 crore—an increase of 67% from FY24.

Commenting on the performance, Swiggy Group CEO & Managing Director Sriharsha Majety said, “FY25 was a year of many firsts. We launched new platforms like Instamart, Snacc, and Pyng to tap into new customer segments. Our food delivery business achieved its best-ever performance, with strong gains in innovation and operational efficiency.”

Swiggy is also aggressively expanding in the quick-commerce segment. “We’re ramping up investments in market expansion with over 1,000 stores across 124 cities. Our Out of Home Consumption vertical turned profitable in Q4—just two years after launch,” Majety added.

Swiggy’s stock closed marginally lower at ₹314 apiece on the BSE on May 9, down 0.19%.