SWIGGY Q2: FOOD DELIVERY HITS RECORD PROFITABILITY; INSTAMART EXPANSION ACCELERATES

• Food Delivery: GOV up 17.7% YoY and 5.9% QoQ to ₹10,054 Cr; monthly transacting users (MTUs) up 15.2% YoY to 19.8 Mn • Record Profitability: Food Delivery Adjusted EBITDA increased ₹101 Cr YoY to ₹341 Cr; margin improved 58 bps YoY to 3.4% • Toing Expansion: Affordable food delivery platform expanded to 50+ cities; 2 out of 3 new users were new to the food delivery category • Instamart Growth: Net Order Value (NOV) up 31.4% YoY and 13.4% QoQ to ₹6,954 Cr • Dark Store Expansion: Added 69 dark stores during Q2, taking total to 1,240 stores covering 5.2 Mn sq ft • Instamart Margins: Contribution margin at -1.0%, improved 157 bps YoY but declined 82 bps QoQ • Quick Commerce Losses: Adjusted EBITDA loss at ₹895 Cr; margin improved marginally to -9.7% from -9.8% QoQ • Out-of-Home Business: GOV up 34.9% YoY to ₹1,508 Cr; seventh consecutive profitable quarter • Regulatory Milestone: Obtained necessary approvals to qualify as an Indian-owned and controlled company; transition underway

SWIGGY LIMITED

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