Swiggy’s Gross Order Value (GOV) increased by approximately 48% year-over-year, reaching INR 16,683 Cr. The company’s consolidated adjusted EBITDA loss improved by INR 118 Cr quarter-over-quarter, resulting in a loss of INR 695 Cr for the quarter ended September 30, 2025. Key growth drivers include food delivery and Instamart.
Strong Platform Growth
Swiggy announced a substantial increase in its Platform Gross Order Value (GOV), which rose by approximately 48% year-over-year. This brought the total GOV to INR 16,683 Cr. The company has also made strides in reducing its losses, with the consolidated adjusted EBITDA loss improving by INR 118 Cr quarter-over-quarter to a loss of INR 695 Cr for Q2 2025 (July-September).
Food Delivery Performance
The food delivery sector experienced an increase in GOV of 18.8% year-over-year. Adjusted EBITDA for this segment increased by 2.1x year-over-year, reaching INR 240 Cr. The platform’s average monthly transacting users (MTU) increased by 34% year-over-year, reaching 22.9 million, with 36% of users utilizing more than one service.
Instamart Growth
Instamart recorded significant GOV growth, rising by 108% year-over-year and 24% quarter-over-quarter. This growth was driven by a 40% year-over-year increase in Average Order Value (AOV). Contribution margins improved by approximately 200 bps quarter-over-quarter to -2.6%. However, the Adjusted EBITDA loss for Instamart was INR 849 Cr.
Quick Commerce Momentum
Instamart completed its first Quick Commerce sale named the ‘Quick India Movement’ showcasing over 30,000 SKUs. Overall, Quick Commerce posted a loss of INR 849 Cr for the quarter, with Adjusted EBITDA margin improving to -12.1% from -15.8% in Q1 2025.
Out of Home Consumption
Swiggy’s Out of Home Consumption segment maintained a profitable trajectory, exhibiting a 52% year-over-year GOV growth. Adjusted EBITDA margins for this segment stood at 0.5% of GOV.
Source: BSE
