CONNECT WITH US
eCommerce

eCommerce

Swiggy Q2 Results: Loss narrows YoY to Rs 922 crore; revenue jumps 36 per cent

ET Retail – Ecommerce logo

Published on

Add as a preferred source on Google
Swiggy Q2 Results: Loss narrows YoY to Rs 922 crore; revenue jumps 36 per cent

Swiggy Q2 Results: Loss narrows YoY to Rs 922 crore; revenue jumps 36 per cent

Swiggy Q2 Result: Food delivery and quick commerce company Swiggy Ltd on Thursday said its consolidated profit after tax narrowed to Rs 922 crore in the second quarter of FY27 from Rs 1,092 crore in the same quarter of last year. However, on a sequential basis, losses increased from Rs 792 crore posted in the preceding June quarter.

Food delivery and quick commerce company Swiggy Ltd on Thursday said its consolidated loss after tax narrowed to Rs 922 crore in the second quarter of FY27 from Rs 1,092 crore in the same quarter of last year. However, on a sequential basis, losses increased from Rs 792 crore posted in the preceding June quarter. Revenue from operations in the reporting period jumped 36% YoY to Rs 7,571 crore. Swiggy's consolidated adjusted EBITDA loss widened to Rs 760 crore from Rs 695 crore a year earlier, while adjusted revenue increased 34% to Rs 7,909 crore. The company's consumer-facing businesses reported a combined gross order value (GOV) of Rs 20,793 crore, up 24.6% year-on-year, as demand improved across food delivery, quick commerce and dining services. Advt

Swiggy Instamart, the company's quick commerce business, recorded GOV growth of 31% YoY to Rs 9,230 crore during the September quarter, compared with Rs 7,022 crore a year earlier. 8% year-on-year to Rs 6,594 crore. 5% in the preceding quarter. Instamart's adjusted EBITDA loss widened to Rs 895 crore from Rs 849 crore a year earlier and Rs 778 crore in the June quarter, as the company stepped up investments to attract customers and improve order frequency.


Source link
Related Topics:eCommerce

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.