Swiggy544285Food delivery, quick
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
By ScoutQuest · · 1 min read
- Order value growth YoY
- 18 percent
- Monthly transacting users growth
- 15 percent
- Take rate food delivery
- 26 percent
- Dark stores count
- 1,240 dark stores
- Net order value growth quick commerce
- 35 percent
Heard on business television between 15:12:26 - 15:15:26 IST.
- Swiggy's order value growth was 18% YoY vs 22% for Eternal; monthly transacting users up 15% vs 16%.
- Take rate stood at 26% vs 27.5% for Eternal in food delivery.
- Dark stores at 1,240 vs Eternal's 2,751; net order value growth of 35% vs 79% for Eternal; take rate 19.8% vs 27.5% in quick commerce.
- Instamart is progressing towards profit; toing now contributes 20-30% of food delivery volumes and home consumption GOV grew around 35% odd percent.
- Brokerages cut target prices and EPS estimates on widening quick commerce losses; cash balance at 13,600 crore.
- Stock down over 50% in one year; brokerages have 23 buy, 4 hold and 3 sell calls with 50% return potential.
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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 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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Swiggy stock hit the lower circuit of nearly 15% after disappointing Q2 earnings, with quick commerce scaling up far slower than Eternal's Blinkit and faltering on contribution margin
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Source: Live TV News Channel · 23 Oct 2026
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