Swiggy544285Food delivery, quick
Swiggy posted a reduced net loss and brokerages cut target prices after Q2 results
By ScoutQuest · · 1 min read
- Net loss
- 922 crore rupees
- Revenue growth
- 36 percent
- Reported loss
- 770 crore rupees
- Other income
- 212 crore rupees
- Citi target price
- 330 rupees
Heard on business television between 08:21:43 - 08:24:43 IST.
- Net loss came in at about 922 crore rupees, slightly lower than before.
- Revenue grew 36% while loss stood at 770 crore rupees, with other income higher at 212 crore rupees versus 59 crore earlier.
- Citi maintained buy but cut target price to 330 from 390.
- Jefferies maintained buy but cut target to 330 from 435.
- Bank of America maintained neutral and cut target to 245 from 275, with Zomato having fallen 5.5% the prior session as a read-across.
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Source: Live TV News Channel · 23 Oct 2026
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