Within the fast-evolving panorama of on-line meals supply, fast commerce, and the “going out” class, Zomato’s mum or dad firm, Everlasting, is exhibiting clear indicators of market management—no less than on the monetary scoreboard. The corporate posted its fourth consecutive worthwhile quarter, closing FY25 with a internet revenue of ₹537 crore. In distinction, arch-rival Swiggy stays within the purple, reporting an adjusted lack of ₹3,117 crore for a similar interval.
Regardless of posting a 40% bounce in income, from ₹11,634 crore in FY24 to ₹16,333 crore in FY25, Swiggy continues to be weighed down by its aggressive bets on fast commerce. Excessive spending on darkish retailer expansions, buyer acquisition, and advertising has considerably added to its losses.
Zomato’s fast commerce arm, Blinkit, additionally reported elevated losses in This fall, largely as a result of retailer enlargement. Nonetheless, the corporate has maintained that this was a part of a calculated progress push. “We added 294 internet new shops in Q4FY25, making it our highest-ever internet retailer addition in a single quarter,” stated Albinder Dhindsa, CEO of Blinkit.
In the meantime, Swiggy Instamart added 498 shops over the complete fiscal yr, with almost half of its community being lower than a yr outdated. In line with the corporate, the typical age of those shops is below 4 months, resulting in greater underutilised fastened prices. Elevated buyer incentives and enlargement into new geographies have additional strained the underside line.
To scale up its non-grocery choices, Instamart additionally invested in 44 ‘Megapods’—larger-format darkish shops that assist a broader product vary, together with high-margin non-grocery SKUs. These Megapods, the corporate claims, are delivering greater Common Order Values (AOVs) and are taking part in a key position in increasing product assortment on the platform.
Whereas meals supply stays the primary income driver for each Zomato and Swiggy, the hole between Zomato and Blinkit’s income contribution is narrowing. In distinction, Swiggy’s dependence on its core meals supply enterprise continues, with Instamart but to achieve significant scale or effectivity.
Including to the strain on Swiggy is intensifying competitors in fast commerce from Zepto, Flipkart Minutes, and BigBasket. Swiggy’s latest launch of ‘Bolt’, a 10-minute meals supply service, goals to counter Zomato’s earlier experiment ‘Zomato Fast, which has since been shut down as a result of operational challenges.
As each corporations double down on fast commerce, the battle is not only about who delivers quicker, however who will get to profitability first.
