Tuesday, July 1, 2025

Creating liberating content

Drink loads of water – hydration is key. Don’t crash

Group Captain Shubhanshu Shukla has officially begun his scientific mission

High-intensity workouts aren’t necessary to reap brain health benefits. Something

Related News

Drink loads of water – hydration is key. Don’t crash diet – losing weight too fast can make hair fall out. Mix things up – don’t just eat one or

Corridor map (Credit- MoRTH) NEW DELHI: The Union Cabinet has approved the construction of a 4-lane highway along the 46.7-km Paramakudi–Ramanathapuram section of National Highway-87 (NH-87) in Tamil Nadu, with

Group Captain Shubhanshu Shukla has officially begun his scientific mission aboard the International Space Station (ISS) as part of the Axiom-4 mission. On June 29, 2025, he initiated microgravity research,

High-intensity workouts aren’t necessary to reap brain health benefits. Something as simple as a walk can boost brain health. Schott absolutely vouches for the brain-boosting effects of walking. He stresses

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1751363149.7181133 Source link

Shares of Mumbai-based real estate developer Kalpataru Ltd made a flat debut on the BSE and NSE on Tuesday, listing at Rs 414, the upper end of its IPO price

Trending News

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1751363149.7181133 Source link

The new RailOne app will host all passenger services in one app. Indian Railways launches new ‘RailOne’ app: With an aim to bring more convenience to passengers, Indian Railways has

Market participants are awaiting commentary from the US Federal Reserve Chairperson for directional guidance. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in

Representative image (Picture credit: PTI) Oil marketing companies have reduced the price of 19 kg commercial LPG gas cylinders by Rs 58.50, offering some respite to commercial users from July

Representative image (Picture credit: AP) Asian equities edged up on Tuesday while oil prices continued their decline amid uncertainty over US tariffs and expectations of increased crude supply by OPEC+.

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Tech Mahindra, and Trent are the top

Swiggy’s revenue up 35% but losses widen to Rs 3,117 crore

Word Count: 571 | Estimated Reading Time: 3 minutes


Swiggy's revenue up 35% but losses widen to Rs 3,117 crore

BENGALURU: Food and grocery delivery platform Swiggy’s revenue from operations rose 35% year-on-year to Rs 15,227 crore, driven by double-digit growth in food delivery and a doubling of Instamart’s order value.Its net loss widened to Rs 3,117 crore for FY25, from Rs 2,350 crore in the corresponding period last year, as the company sharply ramped up investments in its quick-commerce vertical, Instamart. Total expenses climbed to Rs 18,725 crore from Rs 13,947 crore a year earlier, with advertising, delivery charges, and employee costs accounting for a major share.Swiggy attributed the larger loss primarily to its quick-commerce business, which saw adjusted EBITDA loss widen to Rs 840 crore in the March quarter, up from the previous quarter, as the company added 316 dark stores and entered 124 cities. The contribution margin from this segment dropped further to -5.6%.In contrast, the food delivery business posted improved profitability with the adjusted EBITDA margin expanding to 2.9% of gross order value (GOV), up from 0.5% a year ago. For the full year, Swiggy’s food delivery GOV grew 17.6% to Rs 7,347 crore, supported by product innovations like faster deliveries through Bolt and premium offerings under its One Blck subscription. “We constantly look at the quality of the overall (customer) cohorts and the retention of our mature users.We don’t see the impact of (competitive) intensity showing up on the retention of our users,” co-founder and CEO Sriharsha Majety said.Average monthly transacting users across services grew 35% year-on-year to 19.8 million, with over a third using more than one offering.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account