swiggys march quarter net loss nearly doubles to rs 1 081 cr

Swiggys March Quarter Net Loss Nearly Doubles To Rs 1,081 Cr

3 days   👁 1

New Delhi: Food delivery and quick commerce platform Swiggy on Friday reported widening of consolidated net loss during the March quarter to Rs 1,081.18 crore due to significant investments in quick commerce. The company reported a net loss of Rs 554.77 crore on a consolidated basis in the year-ago period. Swiggys revenue from operations rose to Rs 4,410 crore during the January-March period, as against Rs 3,045.5 crore a year earlier, a regulatory filing showed. However, its total expens