Swiggy revenue up 36.1% to 75.71 billion rupees, but Instamart loss widens to Rs 764 crore
Swiggy's sales came in above analyst estimates, while losses at its quick commerce arm Instamart grew.
The 30-second read
- Swiggy's operating revenue climbed 36.1% from a year earlier, reaching 75.71 billion rupees.
- Analysts polled by LSEG had expected 72.81 billion rupees.
- Instamart's loss widened to Rs 764 crore, dragging on the overall results.
Swiggy reported revenue from operations of 75.71 billion rupees, up 36.1% year-on-year. Both figures were first reported by Mint.
Analysts had expected less. The LSEG estimate, also first reported by Mint, was 72.81 billion rupees. So the actual number came in above it.
The weak spot was Instamart, Swiggy's quick commerce business. Its loss widened to Rs 764 crore, first reported by YourStory. The larger loss dragged on the company's overall results.
Why it matters
Swiggy's numbers show how food delivery and quick commerce are performing for Indian investors and consumers. Fast sales growth is still coming with heavy losses in quick commerce.
The data
| Measure | Value |
|---|---|
| Reported revenue from operations | 75.71 billion rupees |
| Analysts' estimate (LSEG) | 72.81 billion rupees |
| Year-on-year growth | 36.1% |