Swiggy Shares Jump 6% After The Foodtech Major Cuts Q2 Loss

Swiggy Shares Jump 6% after cut in Q2 Loss

SUMMARY

Amid a rally in its share prices, Swiggy’s market capitalisation zoomed to INR 1,15,660.57 Cr

Swiggy trimmed its consolidated net loss by 4.78% to INR 625.53 Cr in the September quarter of the financial year 2024-25 (Q2 FY25)

The foodtech giant’s consolidated adjusted EBITDA loss declined 30.2% YoY to INR 341 Cr in the September quarter of FY25

Shares of Swiggy jumped over 6% to INR 534.85 apiece on the BSE during the intraday trading today (December 4) after the foodtech major narrowed its consolidated net loss 4.78% year-on-year to INR 625.53 Cr in the September quarter of the financial year 2024-25 (Q2 FY25).

Swiggy’s operating revenue increased 30% to INR 3,601.45 Cr during the quarter under review from INR 2,763.33 Cr in the year-ago period.

Shares of the company have ended in the green in five out of the last seven trading sessions. At INR 501.30, the stock’s last closing price was 21% above the listing price of INR 412 and 28% higher than the IPO issue price of INR 390.

Amid a rally in its share prices, Swiggy’s market capitalisation zoomed to INR 1,15,660.57 Cr (around $13.65 Bn). By comparison, rival Zomato is sitting on a m-cap of INR 2,76,386.04 Cr (approx. $32.62 Bn).

In an investor presentation for Q2 FY25, the Sriharsha Majety-led company said it was eyeing an adjusted EBITDA profitability on a consolidated level by Q3 FY26.

Swiggy’s consolidated adjusted EBITDA loss declined 30.2% YoY to INR 341 Cr in Q2 FY25.

The company said that its food delivery business is already adjusted EBITDA profitable and is seeing improvement in margins every quarter.

Food delivery vertical’s adjusted EBITDA increased 94.1% quarter-on-quarter (QoQ) to INR 112 Cr, with 1.6% adjusted EBITDA margin.

On the quick commerce business, Swiggy said it expects adjusted EBITDA break-even by the second quarter of FY27 (July-September 2026).

The company is also planning to foray in the sports and recreation activities market by setting up a new wholly owned subsidiary.

Recently, Swiggy announced that it is expanding its 10-minute delivery service ‘Bolt’ to 400 cities pan-India.

At 2:23 PM, Swiggy shares were trading 3.17% higher at INR 517.20 apiece on the BSE.

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