Swiggy544285Food delivery, quick
Swiggy stock fell 12% after Q2 results showed its quick commerce business lagging far behind Eternal (Zomato's Blinkit)
By ScoutQuest · · 1 min read
- Stock decline today
- 12 percent
- Market cap
- close to 50,000 crore rupees
- Eternal market cap
- close to 3 lakh crore rupees
- Quick commerce growth
- 30 percent
- EBIT loss
- around 800 crore rupees
Heard on business television between 09:50:07 - 09:53:07 IST.
- Swiggy shares declined 12%, hitting a record low since listing, with market cap near 50,000 crore rupees.
- Food delivery performance was comparable to Zomato/Eternal, with both around 3.4% adjusted EBITDA margins and targeting 5% steady state.
- Quick commerce showed stark gap: Blinkit's net order value is 3x Swiggy's Instamart, growing 2x the pace, with 600 basis points higher contribution margin.
- Swiggy's revenue rose on food delivery and 30% jump in quick commerce, but EBIT loss was around 800 crore rupees with net loss of 922 crore rupees.
- Eternal's market cap is close to 3 lakh crore rupees, far ahead of Swiggy.
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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
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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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