ADVERTISEMENT
Swiggy Q3 Results Review — Quick Commerce Burn Deepens; HDFC Securities Maintains 'Reduce' On The Stock
Despite stable gross order value density QoQ, Instamart’s incremental quick commerce burn was higher than that of Blinkit’s, says HDFC Securities.
06 Feb 2025, 09:25 AM IST 
Swiggy’s food delivery gross order value grew 3.4% QoQ (19.2% YoY) to Rs 74.4 billion, led by innovations like Bolt and improved execution driving user additions.
(Photographer: Vivek Amare/NDTV Profit)
Swiggy's quick commerce gross order value and monthly transacting user grew 15.5/13.4% QoQ to Rs 39 billion/7 million respectively (versus Blinkit’s 27/19% QoQ) as rising competition kept customer incentives, acquisition costs and dark store network investments elevated.
I’m already a Subscriber
To continue reading this storySubscribe to Unlock & Enjoy your
Subscriber-Only benefits
Subscriber-Only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Subscriber-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
Stories20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Subscriber-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
