Swiggy Q4 revenue surges 45%, but losses nearly double

Swiggy reported a strong increase in top line for the three months ending March, as consolidated operating revenue grew 45% year-on-year to Rs 4,410 crore. However, despite robust sales, losses almost doubled to Rs 1,081.2 crore during the period. Operating losses widened as expenses surged 52% to Rs 5,610 crore compared to the previous year.Swiggy’s food delivery segment delivered sustained growth during the March quarter, while the quick commerce business witnessed aggressive expansion. The underpenetrated out-of-home consumption vertical also…