Stock Report

Swiggy Platform Gross Order Value rose ~48% YoY to clock INR 16,683 Cr

Posted On : 2025-10-30 21:08:05( TIMEZONE : IST )

Swiggy (Swiggy Ltd, NSE: SWIGGY / BSE: 544285), India's pioneering on-demand convenience platform, reported results today for the quarter and half year ended September 30, 2025.

- Food delivery GOV grew 18.8% YoY; Adjusted EBITDA up 2.1x YoY to INR 240 Cr

- Instamart GOV growth rose to 108% YoY and 24% QoQ led by a 40% YoY jump on AOV, Contribution margins improved by ~200 bps QoQ to -2.6%, while Adjusted EBITDA loss shrunk to INR 849 Cr

- Out of Home Consumption segment continued profitable trajectory with 52% YoY GOV growth, and Adjusted EBITDA margins stood at 0.5% of GOV

- Platform's Average MTU increased 34% YoY to reach 22.9 million; with 36% of all users utilizing more than one service on the platform

Sriharsha Majety, MD & Group CEO, Swiggy, said "Swiggy's Food delivery business delivered another quarter of robust growth and improved profitability, with the double digit YoY order growth at the highest in 2 years. This was led by acceleration in user-growth on the back of new propositions like Bolt, 99-Store, Deskeats and Health-focused curations; all aimed at covering the entire breadth of user expectations. Instamart made giant strides in catering to all purchase-missions through Maxxsaver (grocery) and Quick India movement (non-grocery), driving up AOV 40% YoY. A ~200 bps QoQ Contribution margin improvement showcases our commitment to drive scale-led, sustainable and profitable growth in Quick-commerce, led by best-in-class speed and selection."

Key financial and operational highlights for the quarter:

Swiggy's Food Delivery business Gross Order Value (GOV) continues to grow in line with guidance at a healthy 18.8% YoY, to INR 8,542 crore. Food delivery MTUs rose by more than 0.9mn QoQ, delivering a strong 17% YoY growth. Adjusted EBITDA Margin improved to 2.8% of GOV (+125bps YoY, 44bps QoQ), demonstrating that efforts to increase users' interactions with the platform through new use-cases and optimum affordability are gaining traction; without sacrificing platform growth or profitability.

Instamart accelerated its GOV growth to 108% YoY (24.2% QoQ), clocking INR 7,022 crore. 40 darkstores were added selectively to take the overall network to 1102 darkstores, covering 4.6 mn sq ft across 128 cities. Average order value increased by 39.7% YoY to reach INR 697, led by continued traction across Maxxsaver, our basket-building proposition and expansion of non-grocery selection. In an industry first, Instamart successfully completed the first Quick Commerce sale called the "Quick India Movement' showcasing 30K+ SKUs to majority consumers. Contribution margin improved to -2.6% (+202 bps QoQ), on the back of expanded basket-sizes, optimization of customer incentives and operating leverage. Overall, Quick Commerce posted a INR 849 Cr loss for the quarter, and Adjusted EBITDA margin improved to -12.1% from -15.8% in Q1.

Shares of Swiggy Limited was last trading in BSE at Rs. 418.10 as compared to the previous close of Rs. 418.95. The total number of shares traded during the day was 345918 in over 6108 trades.

The stock hit an intraday high of Rs. 422.50 and intraday low of 413.50. The net turnover during the day was Rs. 144184175.00.