Swiggy Q3 Results: Income increased by 31%. Swiggy performance in Q3

Swiggy Q3 Results: Swiggy Rs. Announced the net loss of. In this quarter, there was a 31 percent increase in the giant revenue company of food distribution. The income of quick commercial and food distribution business has also increased in this quarter. Sriharsha Mazetti, CEO of Swiggi MD & Group, said that he was focusing on making fragmented proposals for consumers in the quarter of the festival. “In recent months, we have introduced bolts and snacks (10 minutes of food distribution), which extends to new classes in quick-commerce.” He also focuses on restaurant event reservation. He said that in this Q3, he has achieved high growth in all basic businesses. Dark stores have been expanded amidst high competitive intensity and in January 2025, 86 installation stores have been opened.

Business order value

In this Q3, Swigy Food Delivery Business Grass Order Value rose by 19.2 % to Rs 7,436 crore. Adjusted Ibita 63.7% QOQ increased to Rs 184 crore, which provides 2.5% margin. The department added 2.4 million ents in the previous year. The 10 -minute restaurant Food delivery service ‘Bolt’, starting in October 2024, has already won a 9% share in the total food delivery.