EduInvesting.in | May 13, 2025 — Lunch Break Special
What did the investor order?
“One Swiggy IPO.”
What did they receive?
“Cold losses, ₹1,081 Cr in red, and an Instamart that delivers losses faster than groceries.”
On Tuesday, Swiggy shares fell over 7% to ₹299.95, as if the stock saw its own Q4 numbers and fainted. The timing? Impeccable. Just as 83% of the company’s shares became free to sell post-IPO lock-in, the early investors hit the exit harder than you hit ‘cancel order’ when the ETA shows 60 minutes.
📉 Quick Stats (Not So Quick Commerce)
| 📊 Metric | Value |
|---|---|
| CMP | ₹299.95 |
| % Fall Today | -6.35% |
| Q4 Net Loss | ₹1,081 Cr |
| Revenue (YoY) | ₹4,410 Cr (+45%) |
| Expenses (YoY) | ₹5,610 Cr (+52%) |
| Adjusted EBITDA | ₹-732 Cr |
| Instamart GOV Growth | +101% |
| Net Profit | Bro… what profit? |
“Swiggy’s quick commerce might be fast, but their profits are running late —
by several years.”
🔍 So What Went Wrong?
🧨 1. Losses Doubled Like Pizza Orders on IPL Finals
Last year same time: ₹554 Cr loss
This year: ₹1,081 Cr
That’s not growth — that’s financial food poisoning.
🛒 2. Instamart: The Double-Edged Knife
- Instamart’s Gross Order Value grew 101%
- Average order value hit ₹527
- But to deliver that, Swiggy blew money on 316 dark stores and expanded into 124 cities like a startup on sugar
Translation: Great growth. Horrible cost control. Just like ordering 5 things for ₹200 delivery charges.
