Instamart GOV doubles, Swiggy adds 316 darkstores
The move expanded Instamart's footprint to 124 cities, marking the platform's most aggressive capacity rampup to date.
This surge came even as the company's consolidated platform GOV across B2C businesses rose 40 per cent YoY to ₹12,888 crore. Swiggy's total adjusted EBITDA loss widened to ₹732 crore for the quarter, reflecting heavy investment in Instamart's growth and user acquisition.
While quick-commerce saw mounting losses, Instamart's adjusted EBITDA loss stood at ₹840 crore—Swiggy's core food delivery business continued to deliver resilient performance. GOV in the food delivery segment rose 17.6 per cent YoY to ₹7,347 crore, while adjusted EBITDA margins improved significantly to 2.9 per cent of GOV, up from 0.5 per cent a year ago.
Monthly transacting users in food delivery rose by 2.2 million over the year, buoyed by innovations such as the 'Bolt' express delivery system and premium One BLCK subscription.
Swiggy's 'Out of Home Consumption' segment turned profitable during the quarter, achieving 42 per cent YoY GOV growth and adjusted EBITDA margins of 0.3 per cent of GOV.
The company's average MTU base across services grew 35 per cent YoY to 19.8 million, with 35 per cent of users now engaging with more than one service on the platform.
"FY25 was a year of many firsts for Swiggy," said Sriharsha Majety, MD & Group CEO. "Quick-commerce is in a phase of rapid expansion and heightened competitive intensity. We are focused on growing across categories by delivering unparalleled convenience to consumers."
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