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
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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
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Swiggy versus Zomato: The Epic Showdown in the Indian Food Delivery Arena! 🍽️📈 The FY24 financial showdown between Swiggy and Zomato highlights how these two giants shape India's food delivery landscape. Despite Swiggy generating ₹11,247 Cr in revenue, Zomato comes ahead with ₹12,114 Cr, and even posts a net profit of ₹351 Cr! Swiggy, on the other hand, is still in the red with -₹2,350 Cr in net losses, despite commanding a healthy 24,700 Cr gross order value. Both platforms have similar Average Order Values (₹428), but Zomato’s broader reach—700+ cities and 2.47 lakh restaurant partners—gives it an edge over Swiggy’s presence in 653 cities with 1.96 lakh partners. Zomato's higher monthly active users (18.4M) compared to Swiggy’s 12.7M further demonstrates its wider user base and market dominance. What stands out is the EPS: ₹0.41 for Zomato versus a negative ₹-8.6 for Swiggy. The numbers tell a clear story—Zomato is growing profits while Swiggy continues to invest heavily for future growth. The competition is intense, but it’s far from over! #zomato #investment #finance #swiggy
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The Indian food delivery space is currently a duopoly with Zomato holding about a 55% market share and the rest being cherished by Swiggy. However, IPO-bound Swiggy is far behind its listed rival👇 🔶 In the Q1 of FY25, Zomato’s food delivery GOV stood at INR 9,264 Cr, while Swiggy’s stood at INR 6,808.3 Cr. In Q1, Zomato also had a higher average monthly transacting customers at 20.3 Mn users compared to Swiggy’s 14.03 Mn. 🔶 Notably, in FY24, Swiggy posted a GOV of INR 8,068.6 Cr in quick commerce, up over 57% YoY. Meanwhile, Zomato’s Blinkit clocked INR 12,469 Cr in FY24 GOV, up 93% YoY. This was despite an equal number of dark stores at around 520 at the end of FY24. 🔶 Quick commerce has become the dominant force in India’s ecommerce structure – however, Swiggy is trailing behind Zomato in this area, too. 🔶 Meanwhile, #Zomato is way ahead of Swiggy in the going-out segment. Given this, and the fact that #Swiggy has hefty losses on the books along with a high valuation – will the foodtech major be able to replicate Zomato’s success on the bourses? Let us know your thoughts in the comments! #ipo #quickcommerce #delivery
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🚀 Zomato vs. Swiggy: The Fierce Competition Heats Up! 🚀 The battle between Zomato and Swiggy has reached new heights, with both giants showing remarkable growth but also facing distinct challenges. Here’s a quick snapshot of their recent performance: 🔹 Revenue & Profitability: Zomato: Revenue of ₹12,114 crore and a profit of ₹351 crore in FY24. Swiggy: Revenue of ₹11,247 crore but faced a significant loss of ₹2,350 crore in FY24. 🔹 Gross Order Value (GOV): Zomato: $5.85 billion with 19 million monthly transacting users (MTUs). Swiggy: $4.2 billion with 14.3 million MTUs. 🔹 Quick Commerce: Zomato Blinkit: Revenue of ₹2,301 crore and an AOV of ₹617. Swiggy Instamart: Revenue of ₹1,100 crore and an AOV of ₹460. While Swiggy’s core business has grown by 36% year-on-year, Zomato continues to lead with stronger revenue and profitability metrics. However, Swiggy is narrowing the gap on the food delivery front but lags in the quick commerce sector. As the competition intensifies, both companies are innovating and strategizing to capture market share and drive growth. It will be exciting to see how this dynamic battle unfolds in the coming quarters! What are your thoughts on this competition? How do you see the future of these two giants? #Zomato #Swiggy #FoodDelivery #QuickCommerce #BusinessGrowth #MarketTrends #Competition #Innovation
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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
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Swiggy Narrows Losses by 44%, Battles Zomato India in FY24 Revenue Race🍔 Swiggy reported a total revenue of ₹11,247 crore in FY24, marking a 36% increase from the previous fiscal year. The company’s food delivery segment generated ₹6,100 crore, showing a 17% year-on-year growth. Meanwhile, Swiggy’s quick-commerce vertical, Instamart, contributed ₹1,100 crore, accounting for 23% of its overall revenue. Swiggy successfully reduced its losses by 44%, bringing them down to ₹2,350 crore by the end of FY24. The company’s gross order value (GOV), spanning food delivery, Instamart, and dining services, reached ₹35,000 crore. Swiggy’s growth was driven by its 14.3 million monthly transacting users, reflecting increased demand across its platforms. instamart expanded rapidly during the year, benefiting from the introduction of more dark stores and premium offerings, which helped boost the average order value (AOV). In comparison, Zomato reported ₹12,114 crore in revenue for FY24 and achieved a net profit of ₹351 crore. Despite Swiggy’s strong performance, it continues to operate at a loss, unlike its rival Zomato, which posted profitability. Looking ahead, Swiggy is preparing for a public listing, with plans to raise between ₹8,400 crore and ₹10,000 crore through its upcoming IPO. ⭐ Blinkit had the highest market share among quick commerce players as of July, according to con- sulting firm USB. Swiggy instamart was in the second position, followed by Zepto and bigbasket.com. (LiveMint)
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Brokerage firm Motilal Oswal has initiated coverage on Swiggy with a ‘neutral’ rating, days after the company’s mega $1.3 Bn public offering, saying the foodtech major’s unified app approach will give it an edge over its peers in the highly competitive food delivery and quick commerce segments👇 The brokerage has given Swiggy a price target of INR 475, reflecting an upside potential of almost 15% from the stock’s close on Tuesday. Analysts at Motilal Oswal underlined that Swiggy has ceded its market leader position to the likes of Zomato and Zepto despite being a category inventor across both food delivery and quick commerce segments. However, the brokerage believes that Swiggy could be one the top 3 players in the rapidly growing quick commerce segment which has disrupted the way Indian consumers shop for not just groceries but a variety of essential and non-essential goods. 🔗To read the in-depth article, click here: https://4-2.co/3CzDQ3H #news #Swiggy #rating
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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
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Swiggy, one of India's top food and grocery delivery platforms, has launched its IPO with an issue price between Rs 371 and Rs 390 per share, aiming to raise around Rs 11,327 crore. This offering consists of Rs 4,499 crore in fresh shares and an offer-for-sale from existing shareholders worth approximately Rs 6,828 crore. The IPO is seen as an opportunity for investors to tap into India’s fast-growing digital economy, particularly in sectors like food delivery and quick commerce, which Swiggy dominates alongside its competitor Zomato. Swiggy has positioned itself with multiple revenue streams, including its core food delivery business, which has recently reached positive EBITDA, and Instamart, its quick commerce platform that shows significant improvements in contribution margins. The company’s CFO and leadership highlighted Swiggy’s “strategic moat,” driven by its strong customer base, innovative service offerings, and increasing user engagement. Instamart, in particular, has shown aggressive growth, with delivery times cut to 12 minutes in some regions, responding to the rising demand for ultra-fast convenience. In terms of future outlook, analysts see potential for growth but also challenges in the competitive landscape. While Swiggy has seen steady growth in gross order value and consumer spending per user, it faces competition not only from Zomato but also from grocery retailers like D-Mart. The stock’s limited grey market premium of Rs 15 per share reflects cautious investor sentiment due to market volatility, though Swiggy’s valuation is considered reasonable by some analysts when compared to peers. In summary, Swiggy’s IPO presents a chance for investors to be part of India’s expanding e-commerce landscape, though long-term success will depend on continued improvements in profitability, competitive differentiation, and scalability in the quick commerce segment. #Swiggy #IPO #Share
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𝗦𝘄𝗶𝗴𝗴𝘆 𝘃𝘀 𝗭𝗼𝗺𝗮𝘁𝗼 𝗶𝗻 𝗤𝟮 𝟮𝟬𝟮𝟱 Zomato outperformed Swiggy in financial metrics Zomato reported an operating revenue of ₹4,799 crore and a profit of ₹176 crore, while Swiggy’s operating revenue stood at ₹3,601 crore, accompanied by a loss of ₹625 crore. In the grocery segment, Swiggy's Instamart generated ₹490 crore in revenue, compared to ₹1,156 crore by Zomato's BlinkIt. Similarly, Zomato led in food delivery services revenue, recording ₹2,012 crore compared to Swiggy’s ₹1,577 crore. For more details, visit:: https://lnkd.in/gZZCWDjy For more details, visit: https://lnkd.in/gZJwDx7p Deepinder Goyal Sriharsha M. #Swiggy #Zomato #Instamart #Blinkit #Financials #Q2
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3moThat’s a impressive milestone for Swiggy, reflecting the dynamic nature of the quick-commerce and food delivery markets in India. It will be interesting to see how they tackle the profitability challenge while continuing to innovate in this competitive landscape. Good share Yashvardhan