Swiggy544285Food delivery, quick
Swiggy shares fell over 15% intraday, recovering slightly to around 14% down, as analysts highlighted stark underperformance versus Eternal (Zomato) in quick commerce
By ScoutQuest · · 1 min read
- Stock move today
- 15 percent down
- Stock move today (recovered)
- 14 percent down
- Food delivery net order value Swiggy
- 10,000 crore rupees
- Food delivery net order value Eternal
- 1,14,445 crore rupees
- Adjusted margin Swiggy
- 3.5 percent
Heard on business television between 11:26:58 - 11:29:58 IST.
- Swiggy stock was down over 15% intraday, later recovering to around 14% down.
- Swiggy's food delivery net order value was about 10,000 crore rupees versus Eternal's 1,14,445 crore rupees, with comparable growth of 18-21%.
- In quick commerce, Swiggy's Instamart had net order value of about 6,000 crore rupees versus Blinkit's 21,000 crore rupees, with Blinkit growing 79% versus Swiggy's 33%.
- Blinkit's contribution margin was 5.3% versus Swiggy's -1.4%, and Blinkit had 2,751 stores versus Swiggy's 1,240 stores, with 3,000 crore rupees more cash on its books.
- Over the last 12 months, Eternal fell about 8.3% while Swiggy fell over 57%.
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Also from Swiggy
Swiggy shares hit the lower circuit after Q2 earnings showed its quick commerce business scaling up slower than rival Eternal's Blinkit, though food delivery grew healthily but still lags Zomato
23 Oct 2026
Swiggy underperformed Eternal in Q2 metrics across food delivery and quick commerce, with brokerages cutting target prices and EPS estimates due to widening quick commerce losses
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Swiggy slumped over 14% after its Q2 loss widened to 922 crore rupees, dragged by continued quick commerce losses and weak contribution margin
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Source: Live TV News Channel · 23 Oct 2026
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