Swiggy Q2 Results: Swiggy’s food delivery business nearly doubled profitability, with adjusted EBITDA at Rs 112 crore, a 1.6% margin, and GOV growing 5.6% QoQ to Rs 7,191 crore. The company’s new 10-minute delivery service, ‘Bolt,’ now contributes 5% of total food deliveries within just 8 weeks. Swiggy Instamart saw strong performance, with GOV growth accelerating 24% QoQ to Rs 3,382 crore, and overall orders up 21% QoQ. Swiggy Q2 Results: Swiggy’s food delivery business nearly doubled profitability, with adjusted EBITDA at Rs 112 crore, a 1.6% margin, and GOV growing 5.6% QoQ to Rs 7,191 crore. The company’s new 10-minute delivery service, ‘Bolt,’ now contributes 5% of total food deliveries within just 8 weeks. Swiggy Instamart saw strong performance, with GOV growth accelerating 24% QoQ to Rs 3,382 crore, and overall orders up 21% QoQ. Economic Times
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