Swiggy's Q3 loss widens by 39% as quick commerce expenses pile up

Quick Summary:

In the October-December quarter, Swiggy witnessed a stable increase in topline as well as an increase in expenses, dragging its P&L further in the red.

Its total expenses also increased by 32% YoY, mainly driven by a rise in employee benefit expenses, delivery-related charges, and advertising and sales promotion.

The foodtech company's losses widened to Rs 799 crore from Rs 574 crore in the previous year.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Food Company Growth Expenses Swiggy Quick Expansion Delivery Commerce Quarter Crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 10:59:27 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 25907649

View Article Analysis

About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 22 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

Frequently Asked Questions