Swiggy Shares Jump 4% During Intraday

SUMMARY

With a spike in its share price, the foodtech giant's market capitalisation reached INR 93,007 Cr

More than 26 Lakh shares of Swiggy traded hands by 11:58 PM

The stock later pared some gains and was trading 2.6% up at INR 415.50 apiece on BSE at the time of writing

Shares of foodtech major Swiggy jumped nearly 4% to INR 420.20 during the intraday session on the BSE today (January 31). 

With a spike in its share price, the foodtech giant’s market capitalisation reached INR 93,007 Cr with over 26 Lakh shares traded hands by 11:58 PM. 

The stock later pared some gains and was trading 2.6% up at INR 415.50 apiece on BSE at the time of writing. 

The foodtech major expects its business to achieve adjusted EBITDA profitability on a consolidated level in the third quarter of the financial year 2025-26 (FY26). The company says that its food delivery business is already adjusted EBITDA profitable and is seeing improvement in margins every quarter.

Meanwhile, the company is also launching new offerings and foraying into new areas. It has recently forayed in the sports segment after receiving approval from the corporate affairs ministry (MCA) to incorporate its sports arm, Swiggy Sports Private Limited. 

Earlier this month, Swiggy rolled out its new ‘SNACC’ app, which offers 15-minute food delivery service in select parts of Bengaluru. 

It also forayed into the services marketplace segment with the launch of a new app, Pyng Professional. Meanwhile, in December, the company launched a new service called ‘Swiggy Scenes’ to enable users to book parties and events at Swiggy’s partner restaurants. Prior to that, Swiggy also debuted its new premium invite-only membership programme, ‘One BLCK’.

In the second quarter of the current financial year (Q2 FY25), Swiggy’s consolidated net loss declined nearly 5% year-on-year (YoY) to INR 625.53 Cr while operating revenue jumped 30% to INR 3,601.45 Cr.