Mumbai, Dec 26 (NationPress) The quick commerce firm Zepto experienced a notable increase in its losses during the financial year 2024–25 (FY25), despite witnessing a more than twofold increase in its sales.

According to the company’s audited financial reports, Zepto achieved total sales of Rs 9,668.8 crore in FY25, reflecting a substantial rise of 129% from Rs 4,223.9 crore in FY24.

Nevertheless, the company’s net loss surged more dramatically, escalating by 177% year-on-year (YoY) to Rs 3,367.3 crore, in contrast to a loss of Rs 1,214.7 crore the previous year.

This increase in losses highlights the significant expenditures necessary for operational expansion, the addition of dark stores, and customer acquisition in a market characterized by heightened competition.

In FY25, the losses constituted roughly 35% of Zepto’s total turnover, up from approximately 29% in FY24.

In the quick commerce sector, firms generally recognize only about 15–20% of gross merchandise value as revenue.

Based on these figures, Zepto’s operational revenue for FY25 is projected to be between Rs 1,495 crore and Rs 1,994 crore, despite reporting nearly Rs 10,000 crore in total sales, inclusive of other income.

Competitive pressures intensified further following FY25, continuing into the first and second quarters of FY26.

Major industry players have pursued aggressive expansion strategies by increasing the number of dark stores, boosting delivery capabilities, and offering substantial customer incentives.

The competition heightened after Zepto secured $450 million in funding, prompting competitors to expedite their own expansion efforts to safeguard their market shares.

Analysts monitoring the sector have indicated that this phase has placed considerable pressure on margins, even as demand experiences rapid growth.

The FY25 results come at a pivotal moment as Zepto prepares to enter the public markets, with plans to confidentially submit its draft IPO documents on December 26.

Additionally, Zepto has undergone changes in its board structure. Founders Aadit Palicha and Kaivalya Vohra, alongside chief financial officer Ramesh Bafna, have been appointed as whole-time directors following shareholder approval at an extraordinary general meeting on December 23.