Swiggy (SWIGGY) Q4 23/24 earnings summary

Executive summary

• Consolidated revenue from operations grew 36% year-over-year to ₹112,474 million, driven by strong growth across Food Delivery, Quick Commerce, and Supply Chain segments.

• Consolidated net loss narrowed to ₹23,502 million from ₹41,793 million in the prior year, reflecting improved profitability and operational leverage.

• Adjusted EBITDA improved significantly, with Food Delivery achieving near break-even and Quick Commerce showing rapid margin improvement.

• Major acquisitions included Lynks Logistics, expanding the Supply Chain and Distribution segment.

Financial highlights

• Revenue from operations: ₹112,474 million (up from ₹82,646 million year-over-year).

• Total income: ₹116,343 million (up from ₹87,145 million year-over-year).

• Net loss: ₹23,502 million (improved from ₹41,793 million year-over-year).

• Basic and diluted loss per share: ₹10.70 (improved from ₹19.33 year-over-year).

• Cash and cash equivalents: ₹8,871 million as of March 31, 2024.

Outlook and guidance

• Management expects continued revenue growth and further margin improvements as investments in Quick Commerce and Supply Chain mature.

• Focus remains on customer acquisition, retention, and operational efficiency.

• No dividend declared; profits to be reinvested for growth.