SWIGGY Q3 CONCALL
Competition in the quick commerce market is expected to remain high.
Contribution margin is expected to be range-bound in the near term due to investments in store expansion and customer acquisition.
Swiggy plans to double its square footage coverage from 2 million to 4 million by March 2025.
Swiggy's food delivery business continues to grow, with a 19.2% year-over-year growth in Q3FY25.
Swiggy's quick commerce business, Instamart, is also growing rapidly. The company plans to continue investing in Instamart's expansion and improve its delivery times.
Swiggy is confident that it will achieve contribution margin positive by the end of FY25.
Competition in the quick commerce market is expected to remain high.
Contribution margin is expected to be range-bound in the near term due to investments in store expansion and customer acquisition.
Swiggy plans to double its square footage coverage from 2 million to 4 million by March 2025.
Swiggy's food delivery business continues to grow, with a 19.2% year-over-year growth in Q3FY25.
Swiggy's quick commerce business, Instamart, is also growing rapidly. The company plans to continue investing in Instamart's expansion and improve its delivery times.
Swiggy is confident that it will achieve contribution margin positive by the end of FY25.
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