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🚀 Swiggy Q2 FY25: A Step Closer to Profitability and Market Leadership 🚀 Swiggy has once again demonstrated its ability to adapt and thrive in a highly competitive landscape. Here are the highlights from its Q2 results: ✅ Food Delivery Resilience: GOV growth of 5.6% QoQ, with profitability doubling to ₹112 crore – a testament to operational excellence. ✅ Instamart's Rapid Expansion: A 24% QoQ growth, operational in 54 cities, and with three top cities already profitable, it’s on track for EBITDA profitability by Q3 FY26. ✅ Quick Commerce Progress: Losses reduced by 124 bps, showing Swiggy’s focus on efficiency in this high-growth segment. ✅ Dineout Growth: Losses reduced to ₹9 crore, while business grew 12% QoQ, indicating a successful integration and a promising trajectory. 📈 The Road Ahead: Swiggy’s focus on scaling operations, optimizing margins, and expanding its active retail area by 2.5x by 2025 shows a strong commitment to sustainable growth. Takeaway: Swiggy is balancing growth with profitability, ensuring long-term value for stakeholders. Quick commerce profitability remains the next big milestone, but the foundation being built today looks promising. 💡 What do you think about Swiggy’s strategy to tackle competition and lead in quick commerce? Share your insights below! #Swiggy #EarningsUpdate #BusinessGrowth #QuickCommerce #FoodDelivery #Instamart #LinkedInInsights

Day 07 of the series. 🚀 Swiggy Delivers Strong FY24 Results!🚀 Swiggy has reported impressive growth in FY24, with a 36% year-on-year increase in operating revenue to ₹11,247 crore and a significant 44% reduction in net losses. This success comes on the back of several key achievements: ✅ Instamart Growth: Quick commerce vertical Instamart saw a 58% increase in Gross Order Value (GOV) to ₹8,100 crore, reflecting its rapid expansion with 523 dark stores across 27 cities. ✅ Food Delivery Expansion: Swiggy’s core food delivery business grew by 15% in GOV to ₹24,700 crore, driven by a wide delivery network and increased consumer demand. ✅ Dineout Success: The out-of-home consumption segment, including Dineout, doubled its GOV to ₹2,200 crore, benefiting from a unified app experience and new revenue streams. By strategically managing costs, enhancing operational efficiency, and focusing on innovation, Swiggy continues to strengthen its market position and move closer to profitability. Exciting times ahead! 💪📈 #GrowthMindset #Leadership #Ecommerce #FoodDelivery #QuickCommerce #Innovation #BusinessSuccess #Swiggy

🌟 Exciting Milestone for Swiggy Limited! 🌟 Today, Swiggy Limited announced its first quarterly financial results since becoming a listed company, marking a significant moment in its journey of redefining convenience for millions of customers across India. 🚀 I’m thrilled to share analysis on the financial performance, key metrics that have been instrumental in Swiggy’s success. The report highlights: 📈 Quarter-on-quarter growth in Food Delivery and Instamart. 💡 Profitability and customer satisfaction. As Swiggy continues to evolve and scale, these results reflect its resilience, agility, and commitment to creating value for all stakeholders. 📥 Check out the report attached for an in-depth look at the financial numbers and insights. #Swiggy #FinancialResults #BusinessAnalysis #Growth #Innovation

Swiggy IPO - How tasty will it be for investors? Swiggy, a prominent technology brand, offers a convenient platform for food and grocery delivery through its unified app. Supported by a robust on-demand delivery network, Swiggy provides users with seamless doorstep delivery for food ("Food Delivery") and household essentials ("Instamart"). Additionally, Swiggy operates a supply chain and distribution business that supports retail and wholesale partners with solutions from warehouse management to order fulfillment. Swiggy benefits from the growing food delivery and quick commerce markets in India, which are expected to expand significantly. The company’s network effect creates a growth flywheel, drawing more customers, restaurants, and stores onto the platform, reducing transaction costs, and enhancing customer loyalty. Recent improvements in profitability, with the FD segment turning profitable in Q1 FY25 and QC nearing breakeven, underscore Swiggy's operational efficiency. Its decreasing marketing and promotional expenses further strengthen margins. Despite competition from Zomato and new entrants like Flipkart, Swiggy has maintained a higher take-rate in FD and continues to grow its QC business. The IPO is priced attractively relative to projected FY27 earnings, presenting a long-term investment opportunity, though with some persistent discount due to Swiggy's position behind Zomato in profitability. #swiggy #stockmarket #finance #business #growth #ipo #zomato

Swiggy's Milestone Achievement: ₹11,247 Crore Revenue in FY24 Exciting news from the food delivery and quick-commerce sector! Swiggy has recorded a 36% jump in its operating revenue, reaching an impressive ₹11,247 crore in FY24. This growth underscores the rapid expansion of the online delivery market in India and Swiggy's ability to innovate and stay competitive. Key Highlights: Food Delivery Growth: Swiggy's food delivery business saw a 17% rise, generating ₹6,100 crore. Quick-Commerce vertical: Instamart, Swiggy's quick-commerce vertical, contributed ₹1,100 crore gross revenue, marking a significant presence in this fast-growing space. Market Rivalry: The competition between Swiggy and Zomato remains fierce, with both platforms vying for dominance in food delivery and grocery delivery segments. Zomato reported ₹12,114 crore revenue in FY24, including ₹6,161 crore from food business & ₹2,301 crore from Blinkit, its quick-commerce venture. While Swiggy's growth trajectory is commendable, profitability remains a challenge, contrasting with Zomato, which reported a net profit of ₹351 crore. The quick-commerce space is heating up, with players like Blinkit, Zepto, and bigbasket.com competing for market share. It's a fascinating time for the food delivery industry, as companies focus on refining their operations and delivering more value to their customers. Source: Financial Times #Swiggy #Zomato #QuickCommerce #ECommerce #RevenueGrowth #DigitalTransformation #Leadership

IPO-bound Swiggy widened its consolidated net loss by over 8% to INR 611 Cr in the June quarter of the financial year 2024-25 (Q1 FY25) from INR 564.08 Cr in the year-ago period owing to a surge in operating costs 👇 However, Swiggy’s revenue from operations zoomed 35% to INR 3,222.2 Cr during the quarter under review from INR 2,389.8 Cr on the back of strong growth in its food delivery and quick commerce businesses. The food delivery vertical accounted for INR 1,518 Cr of Swiggy’s total operating revenue in Q1 FY25 as compared to INR 1,200 Cr in the corresponding quarter last year. The growth was primarily driven by an increase in gross order value (GOV) from INR 5,958.7 Cr in Q1 FY24 to INR 6,808.3 Cr in the Q1 FY25. To read the in-depth article, click here: https://lnkd.in/g7a8Vwjn #news #swiggy #financials

Swiggy has delivered impressive results for Q2 FY25, showcasing resilience and innovation in the food tech and grocery delivery space: 📊 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐒𝐮𝐫𝐠𝐞: The company reported a 30% YoY revenue increase to ₹3,602 crore, up from ₹2,763 crore last year, driven by a rising number of transacting users. 💡 𝐍𝐚𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐋𝐨𝐬𝐬𝐞𝐬: Losses reduced by 5% YoY, standing at ₹626 crore compared to ₹657 crore in Q2 FY24. 👥 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐔𝐬𝐞𝐫 𝐁𝐚𝐬𝐞: Monthly Transacting Users (MTU) grew by 1 million QoQ, reaching 17.1 million - a YoY increase of 19%. Sriharsha Majety, MD & Group CEO, attributes this growth to "strong innovation and execution", emphasising the company’s commitment to enhancing customer experience. 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 👉 𝐁𝐨𝐥𝐭: Swiggy’s 10-minute food delivery platform now accounts for 5% of all orders, reflecting a strong consumer response. 👉 𝐈𝐧𝐬𝐭𝐚𝐦𝐚𝐫𝐭: Operating in 54 cities, it delivers over 32,000 unique items in an average of 13 minutes, catering to urban households with unmatched convenience. 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞: While Swiggy continues to focus on growth and innovation, its competitor Zomato posted ₹4,799 crore in revenue and ₹176 crore in profit in Q2 FY25. Swiggy’s debut public results highlight its drive to anticipate and respond to evolving consumer demands, ensuring convenience and excellence remain at the forefront. Quick commerce is reshaping urban consumption patterns, and Swiggy is leading the charge. Follow AC Agarwal for more market updates! #swiggy #business #fooddelivery #stockmarket

Swiggy reported a consolidated net loss of Rs 625 crore for the second quarter of 2024-25 compared to Rs 657 crore in the same period last year. 👉 𝐓𝐨 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞: https://lnkd.in/dzaK7TsW Revenue from operations increased 30 percent to Rs 3,601 crore from Rs 2,763 crore reported in Q2FY24, says an official release. "Swiggy Instamart is at an inflection point," says Sriharsha M., Co-Founder, MD & Group CEO, Swiggy. "The quick-commerce category is expanding to more geographies, consumer shopping missions, and categories in retail. Over the past year, we have pivoted our network to larger and more optimised darkstores which now house nearly 3x the SKUs. We are increasing our store counts as well, and added 52 stores in Q2, taking our dark store footprint to ~2Mn sq ft (up 54 percent YoY). This has resulted in our national average delivery times reducing to 13 minutes in September 24 from 17 minutes a year ago. #Swiggy #SwiggyInstamart #Grossordervalue #logistics

#Swiggy's share price has surged by over 25% from its issue price, hitting ₹489.25 on the #BSE and briefly pushing its #market #capitalization to ₹1 lakh crore. This growth reflects increasing #investor confidence in the company's position in #India's competitive #fooddelivery and quick #commerce market. As Swiggy continues to expand its offerings, the rise in its #stockvalue highlights the market’s optimistic view of its future prospects.

Let's dive into Swiggy's FY23 performance analysis, with PrivateCircle's comprehensive report. Swiggy's FY23 witnessed robust revenue growth of ₹8,715 Cr, fueled by aggressive advertising. Despite profitability challenges, strategic investments in talent and market expansion set the stage for its IPO, supported by substantial funding. Insights: 💹 Strong Revenue Growth: Swiggy dominated with a notable revenue surge. 📣 High Advertising Spending: Signaled an assertive marketing approach. 🤝 Strategic Talent Investments: Prioritized talent retention for growth. 💰💼 Profitability Challenges: Highlighted the need for balanced expenses. 📈💵 IPO Readiness and Funding: Positioned Swiggy well, but cost management remains crucial. #Swiggy #IPO2024 #FY23Performance #RevenueSurge #PrivateCircleAnalysis 🌟📈