Swiggy Share News: After Swiggy’s net loss increased from ₹ 524 crore the year before to ₹ 800 crore in Q3FY25, brokerages posted differing views on the company, causing its shares to drop more than 7% to ₹ 387 per on February 6. Let’s learn more details regarding the Swiggy share news.
Overview of Swiggy
With its 2014 Food Delivery and 2020 Quick Commerce launches, Swiggy, one of the initial few entrants, has effectively led the hyperlocal commerce sector in India. Swiggy is well known as a leader in hyperlocal commerce innovation and as a brand alike with the segments in which it operates because of its pioneering reputation.
Swiggy’s goal is to provide urban consumers with unmatched convenience in order to improve their quality of life. The thing that drives them is convenience. “Let’s do this” is what motivates them to get out of bed.
Predictions on Swiggy Share News
Analysts predict that the rising level of competition and aggressive dark shop development will continue to reduce profits in the upcoming quarter. Regarding Swiggy, UBS kept its “buy” rating with ₹ 515 as its target price. Even Macquarie reaffirmed its “underperform” forecast with a lower target of Rs 325.
The international brokerage Macquarie has kept its Swiggy underperform rating, highlighting the impact that network growth and competitive intensity had on margins. The brokerage reiterated that it likes Zomato stock above Swiggy and stated that the hypercompetitive period is anticipated to last for some more quarters.
Motilal Oswal, a domestic brokerage, has also reaffirmed the company with neutral rating, lowering its previous target price of ₹520 to ₹460. Although Motilal thinks the food delivery industry is still a stable duopoly, the quick commerce sector’s short-term profitability projections have been rebased due to heightened rivalry and aggressive dark shop expansion.
Current Situation & Swiggy Share News
The Swiggy stock recovered from an early loss that had dropped to ₹385.25, but before 10.30 am, it was down 4.15 percent at ₹400.70 on the NSE. As of this writing, shares of rival Zomato were trading flat at ₹232.40. The company’s December quarter consolidated net profit of ₹59 crore showed a 57% decrease by the end of the first month of 2025, i.e., January.
The current Swiggy share news is important to learn because of the present financials. The reason for Swiggy’s increasing losses is that its Q3FY25 expenses increased 32% YoY to ₹ 4,898 crore from ₹ 3,700 crore during the same period the previous year. The meal delivery company claimed to have spent a total of ₹ 4,309 crore in Q2FY25. Although this Swiggy share news is troublesome, it’s up to the investors how much risk they want to take.
Conclusion
Swiggy Share News has been surfacing again on the internet since the Q3 losses have widened. In Q2FY25, the company reported a combined loss of ₹ 626 crore, and the losses were higher on a sequential basis. The topline, however, increased by 11% from the ₹ 3,601 crore recorded during the current fiscal year’s July–September quarter. Although the union budget brought in relief news for the delivery companies and investors, they should thus need not worry.
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