Swiggy’s Q4 FY25 shareholder letter reports a 34.5% year-on-year rise in monthly transacting users to 19.8 million, driven by heavy investments in advertising and marketing. While these efforts boosted growth, they also widened the adjusted EBITDA loss to INR 1,081 Cr on revenue of INR 4,718 Cr. Swiggy views these expenses as essential for long-term market leadership, despite short-term financial strain. The company remains optimistic about future profitability through sustained user growth and platform expansion. Analysts will closely monitor how well Swiggy balances growth and profitability in upcoming quarters.