Swiggy Q2: Record Profits in Food Delivery, Aggressive Expansion in Quick Commerce
Swiggy Limited · SWIGGY · NSE ·
Overall revenue grew 33.8% YoY to ₹7,909 Cr for the quarter. The core Food Delivery business delivered its highest-ever profit, with an Adjusted EBITDA of ₹341 Cr. Quick Commerce (Instamart) saw rapid expansion with 69 new stores but posted an Adjusted EBITDA loss of ₹895 Cr. The…