Swiggy's Stock Plummets 26% in 6 Days: Investors Digest Q3 Losses

Swiggy's stock has taken a nosedive, plunging 26% in just six trading days and hitting a new low of Rs 339.45 on February 18, 2025. The food delivery giant's Q3FY25 results revealed a widening net loss of Rs 799 crore, despite a 31% year-on-year revenue growth to Rs 3,993 crore. Investors are grappling with Swiggy's persistent losses, even as the company expands its services beyond food delivery to include Instamart and Swiggy Genie. Analysts remain divided, with some maintaining a 'Buy' rating while others advise caution. As Swiggy eyes an IPO, the company faces pressure to improve its profitability while maintaining growth in the competitive food delivery market.
Source: Business Standard, Financial Express, Economic Times