Swiggy Q2 Loss Surges 74% YoY to INR 1,092 Cr

Swiggy’s consolidated Q2 FY25 results revealed a 74% year-on-year surge in losses, reaching INR 1,092 crore despite moderate revenue growth. The increase in losses stemmed from heavy marketing spends, expanded delivery operations, and aggressive discounts in the face of competition from Zomato. Instamart, the company’s quick-commerce arm, continued to weigh down profitability though its order frequency and customer base increased. Swiggy emphasized ongoing investment in logistics, AI-driven delivery optimization, and new service integrations like Swiggy Minis. The company expects operational efficiency to improve in upcoming quarters with scale and pricing discipline. The report underscores challenges in the quick-commerce space where customer retention costs remain high even as order volumes climb.