Swiggy Q4FY25 Results: What’s Coming on May 9th?

Let's talk about Swiggy - that food delivery app pretty much everyone in India has on their phone. They're dropping their Q4FY25 numbers on May 9th, and Investors are curious to see if anything's changed in their "growth now, profits later" strategy.

Swiggy’s Growth vs. Expenses: Revenue Rises, But So Do the Losses

Look, we all know Swiggy isn't making money yet. That's not exactly breaking news. What's interesting is:

• They're expected to grow revenue by about 11% compared to last quarter
• Year-on-year, we're looking at a pretty solid 45% jump
• But here's the catch - their expenses are likely climbing even faster (around 13%)
• Translation: another quarter in the red

The company's management previously hinted at double-digit growth, so hitting that 11% mark would at least mean they're delivering on expectations. But at some point, investors will want to see the gap between money coming in and money going out start to narrow.

Where's All That Cash Going?

Swiggy's still in that classic startup mode - spending big to get bigger. They're pouring money into:

• Expanding into more cities and neighborhoods
• Fighting off competition (hello, Zomato!)
• Building out their quick commerce business
• Marketing, discounts, rider incentives - you name it

It's the classic tech playbook: grab market share now, figure out profitability later. The question is how long investors will stay patient with this approach.

What Investors are Watching For

When the results drop, you should be paying attention to a few key things:

• Any hints about when they might turn profitable
• Updates on their Instamart quick commerce business (that's where a lot of cash is burning)
• Order growth versus revenue growth (are people ordering more (Number of orders) but spending less (Small size orders)?)
• Any mention of cutting costs or improving unit economics

The Bottom Line

Swiggy's still a heavyweight in food delivery, and its 45% year-on-year growth is nothing to sneeze at. But with expenses outpacing revenue yet again, the path to profitability seems as elusive as ever.

The management commentary will be crucial here. Are they still all-in on the growth strategy, or are they starting to feel pressure to show a clearer road to breaking even? We'll find out on May 9th when the Swiggy Q4FY25 results land.

If you're invested or thinking about it, listen closely to what they say about plans. Sometimes what's between the lines matters more than the actual numbers.