Shares of food delivery major Swiggy have declined 26.75% year-to-date, weighed down by back-to-back weak quarterly results and sustained losses despite solid revenue growth. The stock has taken a sharp fall, reflecting investor concerns over profitability, aggressive spending, and rising operational costs. Although the stock has recovered partially since then, it continues to trade below key resistance levels.
In Q1FY26, Swiggy reported a net loss of Rs 1,197 crore, compared to Rs 611 crore in the year-ago period. Revenue rose 54% year-on-year to Rs 4,961 crore, but total expenses surged 60% to Rs 6,244 crore, led by higher delivery-related costs (Rs 1,313 crore), advertising spends (Rs 1,036 crore), employee benefits, and logistics costs in the quick commerce segment. Read more
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