Swiggy Share Price Touches 52-Week Low; Reports 38% YoY Growth in GOV for Q3 FY25

Swiggy Limited announced its financial results for the quarter and nine months ended December 31, 2024.

On February 6, 2025, Swiggy share price opened at ₹391.00, down from its previous close of ₹418.05. At 9:39 AM, the share price of Swiggy was trading at ₹403.10, down by 3.58% on the NSE. Notably, today the stock price touched its 52-week low at ₹385.25.

Gross Order Value and Average Monthly Transacting Users

Swiggy’s Gross Order Value (GOV) grew 38% year-on-year (YoY) to ₹12,165 crore in Q3 FY25. The company also reported a 25.3% YoY increase in its Average Monthly Transacting Users (MTUs), which reached 17.8 million. Notably, nearly a third of users engaged with more than one service on Swiggy’s platform, demonstrating strong cross-utilization of offerings.

Swiggy’s Food Delivery business reported a 19.2% YoY growth in GOV, which stood at ₹7,436 crore for Q3 FY25. Adjusted EBITDA for the segment rose by 63.7% quarter-on-quarter (QoQ) to ₹184 crore, with margins improving from 0.3% to 2.5% YoY. The business also added 2.4 million MTUs over the past year, supported by innovative launches like ‘Bolt,’ a 10-minute restaurant food delivery service introduced in October 2024. Bolt now accounts for 9% of overall food deliveries.

Swiggy Instamart demonstrated exceptional growth with an 88% YoY and 15.5% QoQ rise in GOV, reaching ₹3,907 crore in Q3 FY25. Average order value increased by 14% YoY to ₹534, driven by enhanced product selection and improved consumer engagement. The segment added 96 new active stores during the quarter, increasing active darkstore area by 25% QoQ to 2.45 million sq. ft. However, growth investments in quick commerce led to a decline in contribution margin from -1.9% in Q2 FY25 to -4.6% in Q3 FY25.

Consolidated Financial Performance

Swiggy’s total income for Q3 FY25 stood at ₹40,958.36 million, up from ₹36,862.65 million in Q2 FY25 and ₹31,309.26 million in Q3 FY24. The loss for the quarter widened to ₹7,990.80 million compared to ₹6,255.30 million in the previous quarter and ₹5,743.80 million a year ago.

For the nine months ended December 31, 2024, the total income was ₹1,10,922.12 million, showing an increase from ₹84,911.05 million in the same period last year. The loss for the period stood at ₹20,356.17 million, compared to ₹17,954.72 million during the nine months ended December 31, 2023.

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