Swiggy share price fell 7.4% after reporting a third-quarter loss of ₹799.08 crore. Total expenses increased significantly, but revenue rose to ₹3,993.06 crore, indicating growth amid competitive pressures and investments in quick-commerce.

Brokerages have given mixed ratings on the shares of Swiggy Limited. The food and grocery delivery major has announced results for the third quarter of the financial year 2024-25.

The stock dropped below its IPO price of Rs 390 in the previous session, ending the day with a 7% loss. Although revenue rose by 31% YoY, Swiggy's Q3 loss grew to Rs 799 crore.

Bernstein said that the Quick Commerce segment was impacted by the hyper competitive environment, leading to higher marketing costs and a pull forward of dark store costs.

Swiggy shares drop 8% amid profit decline and store expansion woes. Explore market expectations and future forecasts.

Swiggy stock was under pressure after disappointing Q3 earnings. Analysts flagged growth concerns on the quick commerce vertical.

Meanwhile, the 30-share BSE benchmark Sensex climbed 280.38 points to 78,551.66 in early trade. The NSE Nifty went up 77.25 points to 23,773.55.

On the positive side, revenue from operations for Q3FY25 reached Rs 3,993 crore, reflecting a 31% increase from Rs 3,049 crore in the same quarter of the previous year.

Share prices of new age stocks as Zomato and Swiggy corrected up to 7% and even slightly more with the stock market crashed. Do you own the stocks?

Swiggy share price has dropped over 7% today during the trading session.On BSE, the stock fell sharply by over 7% to Rs 385.25 this was the same amount at which the stock opened and went an intraday low.