Swiggy's Q1 Net Loss Shrinks 34% Amidst Strong Revenue Growth
· rediff.com
Food and grocery delivery giant Swiggy has reported a significant narrowing of its net loss in the first quarter, down 34 per cent year-on-year to approximately ₹791 crore, while revenue from operations surged by 37 per cent to ₹6,812 crore. The company also achieved contribution margin break-even in its quick commerce segment, Instamart.
Food and grocery delivery major Swiggy has announced a significant reduction in its first-quarter net loss, which narrowed by 34 per cent, alongside a robust 37...