Swiggy Share Price Update:
- New Low: Swiggy’s stock hit a new low of ₹314.35, falling 3% in Thursday’s intraday trade.
- Decline Since February 2025: The stock has dropped 28% since February 5, 2025, following weak operational performance in Q3FY25.
- Performance Comparison: The stock is now 49% below its 52-week high of ₹617, reached on December 23, 2024.
- Current Status: The stock is trading 19% below its issue price of ₹390, with a decline of 13% over the past six trading days.
- Brokerage Downgrade: Bank of America downgraded both Zomato and Swiggy, citing concerns over profitability.
- Q3FY25 Financials: Swiggy reported a wider net loss of ₹799 crore for Q3FY25, compared to ₹574.3 crore in Q3FY24, despite a 31% YoY increase in revenue to ₹3,993 crore.
- Growth in Core Business: Gross order value (GOV) rose 38% YoY to ₹12,165 crore, but Ebitda losses increased to ₹149 crore from the previous quarter.
- Investor Concerns: Increased competition and high cash burn in the quick commerce sector are weighing on investor sentiment.
- Food Delivery Outlook: Analysts remain positive on food delivery growth, despite some slowdown, and expect a stable duopoly, though profitability challenges persist due to expanding competition in quick commerce.
