Quick Commerce Quandary: Zomato's Profit Dip & Swiggy's Losses Test Investor Patience

Zomato and Swiggy face mounting pressure to balance quick commerce expansion with shareholder returns. Zomato’s Q3 FY25 net profit fell 57% YoY to ₹59 crore despite a 64% revenue surge, as Blinkit’s losses widened. Swiggy’s net loss jumped 39% YoY to ₹799 crore, with adjusted EBITDA losses at ₹490 crore.

 

Key challenges:

 

Blinkit’s aggressive expansion: Zomato plans to double warehouses to 2,000 by 2025-end, risking margin erosion.

 

Swiggy’s Instamart struggles: Jefferies projects losses till FY27 amid competition from Zepto and Blinkit.

 

Market sentiment: Both stocks are down 25–40% in 2025, reflecting concerns over profitability timelines.

 

While Zomato’s food delivery EBITDA margin improved to 4.3%, Blinkit’s losses offset gains. Swiggy’s Maxxsaver feature aims to boost orders, but profitability remains distan

 

Source: Economic Times, Jefferies, Angel One