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Swiggy Shares Hit Record Low as Losses Mount and Lock-In Expiry Spurs Volatility

Swiggy's Q4 losses doubled to ₹1,081 crore, revenue climbed 45%, while 83% of shares became eligible for trading, triggering a 7% stock drop.

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Eternal vs Swiggy: diverging strategies, converging goals
Swiggy shares down 7% as lock-in period for 83% shareholding expires; key details

Overview

  • Swiggy reported a Q4 FY25 net loss of ₹1,081 crore, doubling year-on-year, despite a 45% revenue growth to ₹4,410 crore.
  • The company's shares fell 7% to ₹297 as the IPO lock-in period expired, making 83% of shares eligible for trading for the first time.
  • Swiggy's quick-commerce arm, Instamart, reported worsening margins, with contribution margins dropping to -5.6% due to underutilized dark stores.
  • Zomato's parent, Eternal, posted a modest ₹39 crore Q4 profit but saw a 78% year-on-year decline, attributing challenges to Blinkit's expansion.
  • Swiggy's Bolt service now operates in over 500 cities, accounting for 12% of food orders, contrasting Zomato's decision to shut down its 10-minute delivery initiative.