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Swiggy's loss in Q2 narrows to ₹626 cr
December 04, 2024
|Business Standard
In first earnings after listing, firm's revenue rises 30%
Food and grocery delivery firm Swiggy has marginally narrowed its consolidated net loss in the second quarter of financial year 2025 (Q2FY25) to ₹625.5 crore from ₹657 crore a year ago. But sequentially, the loss was up as the firm had reported a consolidated loss of ₹611 crore in the first quarter of FY25.
Swiggy, which made its trading debut on November 13—over three years after its nearest rival Zomato got listed—saw robust growth in its food delivery as well as quick commerce verticals during the quarter under review. But it is still way behind its rival Zomato, which recently reported a sharp 389 per cent jump in consolidated net profit to ₹176 crore in Q2FY25.
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