India, May 18 -- Food delivery giant Swiggy finds itself at a critical juncture, and it's almost a make-or-break time for its big bet on quick commerce.

Despite getting a thumbs-up from brokerages for the potential upside in the long run, a surge in losses for Q4 FY2025, primarily fueled by its aggressive expansion of Instamart is a worrying sign.

Undoubtedly, the revenue growth is a positive factor for Swiggy, but the fact is that it has fallen deeper into the red. Over the past year, we have seen the Instamart and quick commerce boom, the launch of new services and verticals, and the much-heralded Swiggy IPO, but profits have eluded the Sriharsha Majety-led company.

The stock market's reaction has been telling. Despite a brief intra-...