Magzter GOLD ile Sınırsız Olun
Sadece 9.000'den fazla dergi, gazete ve Premium hikayeye sınırsız erişim elde edin
Denemek ALTIN - Özgür
Swiggy's net losses double in fourth quarter
Mint New Delhi
|May 10, 2025
CEO Majety expects Instamart to reduce its losses going forward
Food delivery major Swiggy said on Friday its quick commerce business Instamart is expected to reduce its losses going forward after the company's consolidated fourth quarter net losses nearly doubled to ₹1,081.1 crore. Meanwhile, fourth quarter revenues increased to ₹4,530.7 crore from ₹3,143.2 crore the year-ago period.
"We believe that Instamart reached the peak of adjusted EBITDA (earnings before interest, tax, depreciation and amortization) losses in late-Q4 and from here on, we expect to progressively unwind losses, the pace of which will be determined by our expansion of AOV and take-rates, and the nature and quantum of competitive intensity," Swiggy's co-founder and group chief executive officer (CEO) Sriharsha Majety said in the shareholder letter. AOV refers to average order value.
Bu hikaye Mint New Delhi dergisinin May 10, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Mint New Delhi'den DAHA FAZLA HİKAYE
Mint New Delhi
Indian auto chases Europe EV dream
Cos acquire struggling European firms for design, expertise
2 mins
September 30, 2025
Mint New Delhi
Passive fund boom gets niche facelift
Investors hunting low-cost but innovative market bets are fuelling a boom in niche passive funds targeting better returns than plain-vanilla alternatives, often alongside indices designed to track them.
2 mins
September 30, 2025
Mint New Delhi
Focus back on TCS woes as former Al boss quits
Tata Consultancy Services Ltd's struggle to sell AI services and products to clients is back in the spotlight, even as the legacy offshoring business grapples with uncertain demand and barriers in the US, its largest market.
2 mins
September 30, 2025
Mint New Delhi
Vodafone Idea seeks further relief on AGR dues in SC plea
Vodafone Idea, which owes ₹83,400 crore in AGR dues, had sought a ₹45,000 crore waiver
3 mins
September 30, 2025
Mint New Delhi
YET ANOTHER PAUSE IN REPO RATE? IT’S A CLOSE CALL FOR MPC THIS TIME
The Reserve Bank of India’s monetary policy committee (MPC) is set to announce its policy decision on 1 October.
3 mins
September 30, 2025
Mint New Delhi
Dubai halts HDFC from adding new customers
HDFC Bank Ltd, the largest private sector lender, has been banned from onboarding new customers at its Dubai branch after a regulator flagged lapses in its processes. The bank was penalized by a Dubai regulator for offering financial services to local clients who were not onboarded at the Dubai International Financial Centre, the Mumbai-based lender said in an exchange filing late on Friday.
1 min
September 30, 2025
Mint New Delhi
Moody’s retains India rating at Baa3, maintains stable outlook
Moody’s Ratings has retained India's credit rating at 'Baa3' and maintained a stable outlook owing to its large and fast-growing economy, sound external position and stable domestic financing base.
1 mins
September 30, 2025
Mint New Delhi
TV, OTTs team up as syndication grows
With exclusivity no longer the norm, TV channels and streaming platforms are syndicating free content across networks.
2 mins
September 30, 2025
Mint New Delhi
Carlsberg to invest in food processing
Brewing company Carlsberg has committed to invest ₹1,250 crore in the food processing sector in India, which is a “priority growth market” for the Danish group.
1 min
September 30, 2025
Mint New Delhi
Walmart CEO issues wake-up call: ‘AI Is going to change literally every job’
Walmart executives aren’tsugarcoating the message: Artificial intelligence will wipe out some jobs and reshape its workforce.
4 mins
September 30, 2025
Listen
Translate
Change font size