Swiggy Q4 revenue surges 45%, but losses nearly double

Share via:


Swiggy reported a strong increase in top line for the three months ending March, as consolidated operating revenue grew 45% year-on-year to Rs 4,410 crore. However, despite robust sales, losses almost doubled to Rs 1,081.2 crore during the period. Operating losses widened as expenses surged 52% to Rs 5,610 crore compared to the previous year.Swiggy’s food delivery segment delivered sustained growth during the March quarter, while the quick commerce business witnessed aggressive expansion. The underpenetrated out-of-home consumption vertical also…



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.

Popular

More Like this

Swiggy Q4 revenue surges 45%, but losses nearly double


Swiggy reported a strong increase in top line for the three months ending March, as consolidated operating revenue grew 45% year-on-year to Rs 4,410 crore. However, despite robust sales, losses almost doubled to Rs 1,081.2 crore during the period. Operating losses widened as expenses surged 52% to Rs 5,610 crore compared to the previous year.Swiggy’s food delivery segment delivered sustained growth during the March quarter, while the quick commerce business witnessed aggressive expansion. The underpenetrated out-of-home consumption vertical also…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Today’s NYT Strands Hints, Answer and Help for Dec....

Looking for the most recent Strands answer? Click here for...

LG to unveil a canvas-style TV at CES 2026

LG will unveil a canvas-style art TV, dubbed the...

Popular