Swiggy Q3 loss widens to ₹1,065 crore despite surge in food, quick commerce growth
Q3 results:Swiggy's food delivery business reported a 20.5% year-on-year (YoY) increase in Gross Order Value (GOV), reaching ₹8,959 crore. Monthly transacting users grew 22% YoY to 18.1 million, while adjusted EBITDA margins improved to 3.0% of GOV — the highest in two years.
Q3 results:Swiggy's food delivery business reported a 20.5% year-on-year (YoY) increase in Gross Order Value (GOV), reaching ₹8,959 crore. Monthly transacting users grew 22% YoY to 18.1 million, while adjusted EBITDA margins improved to 3.0% of GOV — the highest in two years.
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