Swiggy bets on higher spend per user to drive profitability

Swiggy is focusing on higher spend per user, larger basket sizes, and better utilization of its dark stores to drive profitability.

Average monthly transacting users rose 33% to 23.5 million, orders increased 24% to 1.1 billion, and total order value jumped 45.5% to Rs 67,734 crore.

Instamart average order value increased to Rs 691 from Rs 514, with gross order value nearly doubling to Rs 28,496 crore as it added 122 dark stores, reaching 1,143 outlets.

Swiggy said it is not pursuing volume at any cost for Instamart, instead prioritizing wallet share, larger baskets, and better product availability.

Food delivery adjusted Ebitda crossed Rs 1,000 crore, with gross order value rising 20% to Rs 34,593 crore.