Swiggy Q1 Results: Net loss widens to Rs 1,197 crore; Instamart drives red ink despite 12.5% revenue growth

Online food delivery platform Swiggy Ltd. reported a net loss of Rs 1,197 crore for the quarter ended June 30, 2025, almost doubling from Rs 611 crore in the same quarter last year. The growing losses were primarily attributed to its Quick Commerce vertical, Instamart, which saw a sharp rise in operational costs.

The company’s revenue rose 12.5 per cent quarter-on-quarter to Rs 4,961 crore, up from Rs 4,410 crore in the previous quarter, indicating steady topline growth driven by food delivery volumes and platform expansion.

Instamart Losses Deepen

Swiggy’s Instamart division posted a widening EBIT loss of Rs 797 crore, compared to a loss of Rs 379 crore in the year-ago period. The segment, despite being a key long-term bet, continues to drag overall profitability amid rising competition in the quick commerce space.

Operating Losses Narrow Slightly

Despite the widening net loss, the company managed to slightly reduce its Ebitda loss to Rs 954 crore from Rs 962 crore in the previous quarter, signaling some operational efficiencies in core food delivery services.

Swiggy shares closed 0.7 per cent higher at Rs 403.95 on Thursday. The stock continues to hold above its IPO issue price of Rs 390, though it is still down 25 per cent year-to-date in 2025.