Swiggy544285Food delivery, quick
Swiggy stock hit a record low, down 13% intraday, as it continues to underperform Eternal (Zomato) in food delivery and quick commerce
By ScoutQuest · · 1 min read
- Stock move today
- down 13%
- Instamart contribution margin Q2
- minus 2%
- Instamart contribution margin Q1
- minus 0.2%
- Instamart adjusted EBITDA loss Q2
- 890 crore rupees
- Eternal dark store target
- 5,000 dark stores by March 2028
Heard on business television between 09:55:04 - 09:58:04 IST.
- Swiggy stock fell 13% at day's low on earnings impact, hitting record low levels.
- Swiggy's losses are widening and it has underperformed Eternal across food delivery, quick commerce, net order value, monthly transacting users, take rate and assortment.
- Gap in dark stores between Swiggy and Eternal has widened; Eternal guided for 5,000 dark stores by March 2028.
- Instamart contribution margin slipped to minus 2% from minus 0.2% in Q1; adjusted EBITDA losses from Instamart stood at 890 crore in Q2.
- Swiggy's food delivery GOV growth was lower than Eternal's this quarter, and brokerages cut target prices and earnings estimates.
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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
23 Oct 2026
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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