Swiggy’s adex up 13.21% to Rs 605.34 crore in Q2 FY2025

New Delhi: Food delivery platform Swiggy has increased its advertising and promotion expenses by 13.21% to Rs 605.34 crore in the Q2 FY 2025 compared to Rs 534.69 crore in the corresponding quarter of the previous year.

On a QoQ basis, the company’s adex grew by 21.06%. It spent Rs 500 crore in the June quarter. 

In the first half of the current fiscal year, the brand spent Rs 1105.8 crore on advertising and promotions. 

Swiggy reported a narrowing of loss at Rs 625.53 crore on a consolidated basis in the second quarter ended September, down from Rs 657 crore in the year-ago period.

The company is declaring its quarterly results to the stock exchanges for the first time since it went public last month.

In a regulatory filing, Swiggy announced that its Board has approved an investment in the equity shares of its wholly-owned subsidiary Scootsy Logistics, up to an amount not exceeding Rs 1,600 crore in one or more tranches, by way of subscription to the rights issue.

Swiggy's revenue from operations increased to Rs 3,601.45 crore in the July-September quarter from Rs 2,763.33 crore in the corresponding period of last year.

Meanwhile, its total expenses also grew to Rs 4,309.54 crore during the quarter under review, from Rs 3,506.63 crore in the corresponding period of last fiscal.

Scootsy is currently engaged in the business of supply chain services and distribution. For the financial year ended March 31, 2024, its turnover stood at Rs 5,195.7 crore.