Out-Of-Home Consumption Vertical Nears Adjusted EBITDA Breakeven

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SUMMARY

Swiggy’s adjusted EBITDA for its out of home consumption business improved to -1% in Q3 FY25

The company said that Dineout reached breakeven in the month of December 2024, in a statement

The loss from out of home consumption vertical declined over 82% to INR 8.17 Cr in the December quarter of FY25 from INR 46.44 in Q3 FY24

Foodtech major Swiggy’s ‘out-of-home consumption’ business, which includes Dineout and SteppinOut, is at the cusp of breaking even, with its adjusted EBITDA improving to -1% in the third…



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Out-Of-Home Consumption Vertical Nears Adjusted EBITDA Breakeven


SUMMARY

Swiggy’s adjusted EBITDA for its out of home consumption business improved to -1% in Q3 FY25

The company said that Dineout reached breakeven in the month of December 2024, in a statement

The loss from out of home consumption vertical declined over 82% to INR 8.17 Cr in the December quarter of FY25 from INR 46.44 in Q3 FY24

Foodtech major Swiggy’s ‘out-of-home consumption’ business, which includes Dineout and SteppinOut, is at the cusp of breaking even, with its adjusted EBITDA improving to -1% in the third…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Hi! This is Admin.

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