Swiggy Q3: Net Loss Exceeds ₹1,000 Crore, Topline Jumps 54%

• Swiggy reported a net loss of ₹1,065 crore in Q3, wider than ₹800 crore last year and ₹1,092 crore in the previous quarter.
• Revenue surged by 54% to ₹6,148 crore, up from ₹3,993 crore in the same period last year.
• EBITDA loss widened to ₹782 crore, compared to ₹725 crore in the prior year's Q3.
• Food delivery revenue grew to ₹2,041 crore, with Gross Order Value up 20.5% and Adjusted EBITDA increasing 1.5x to ₹272 crore.
• Quick Commerce revenue rose 76% to ₹1,016 crore, but EBIT loss widened to ₹791 crore; Instamart GOV doubled with 37 new dark stores.

Why It Matters: Swiggy's Q3 saw significant revenue growth but also a widening net loss and increased operational losses.