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Swiggy Q3 net loss widens to Rs 799 crore
Swiggy's Q3 loss widens by 39% as quick commerce expenses pile up
December quarter, Swiggy witnessed a stable increase in topline as well as an increase in expenses, dragging its P&L further in the red.
Swiggy share price slumps over 7%, slips below IPO price as Q3 loss widens. Should you buy, sell or hold?
Swiggy share price fell 7.4% after reporting a third-quarter loss of ₹799.08 crore. Total expenses increased significantly, but revenue rose to ₹3,993.06 crore, indicating growth amid competitive pressures and investments in quick-commerce.
Swiggy slips below IPO price as losses widen
The company's consolidated losses in the December quarter widened to ₹799 crore compared to ₹574 crore a year ago, and revenue from operations was at ₹3,993 crore, a 31% yearly increase.
21h
on MSN
India's Swiggy slumps to record as quick-delivery push hits margins, deepens loss
Shares of Swiggy plunged about 8% to a record low on Thursday, after the Indian delivery firm's quarterly loss worsened as an ...
The Financial Express
15h
Swiggy, Zomato face rising costs amid slowing growing in food delivery biz
FY25, Zomato’s Blinkit was near break-even, but in Q3, its adjusted Ebitda margins slipped to -1%. Swiggy Instamart’s margins ...
ndtvprofit
1d
Swiggy Q3 Review: Quick Commerce Remains Pain Point As Competition Intensifies
UBS maintained a 'Buy' rating on Swiggy stock with a target price of Rs 510, while Macquarie maintained an 'Underperform' ...
1d
on MSN
India's Swiggy hits record low on wider quarterly loss
Shares of Swiggy plunged about 8% a record low on Thursday, after the company reported a wider third-quarter loss hurt by ...
The Financial Express
1d
Swiggy shares plunge 8%. 2 reasons why stock is falling…
Swiggy shares drop 8% amid profit decline and store expansion woes. Explore market expectations and future forecasts.
2h
on MSN
Stay away from Zomato, Swiggy for now; chemicals look well poised to deliver in 2025: Mayuresh Joshi
Mayuresh Joshi highlights potential growth in the chemical and agrochemical sectors in 2025 due to favorable conditions and ...
1d
on MSN
India's Swiggy reports wider loss as competition fuels investment surge
India's Swiggy reported a wider quarterly loss on Wednesday, as the online platform poured money into its quick commerce ...
11h
on MSN
Bengaluru News: Woman gets a call about Swiggy order she didn’t place; here’s what happens next
A Bengaluru man shared a strange incident involving his girlfriend. Describing the alarming experience, he said that a person ...
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