Swiggy Shares Dip for Fifth Consecutive Session: What’s Driving the Fall?

Swiggy Limited’s share price has experienced a notable decline, falling by ₹18.60, or 4.89%, to ₹362.05 as of the latest update. This drop follows a previous close of ₹380.65, with the stock reaching a low of ₹359.00 during the session.

The current price reflects a weaker market sentiment, and the stock has been facing downward pressure. Swiggy Limited’s stock has seen a significant decline of more than 17% over the past five trading sessions.

Q3 FY25 Financial Highlights

Swiggy reported a widening net loss of ₹799 crore for Q3FY25, compared to a loss of ₹574.4 crore during the same period last year. Despite the increased losses, the company achieved a 31% year-on-year growth in revenue, reaching ₹3,993 crore.

The gross order value (GOV) surged by 38% to ₹12,165 crore, reflecting strong demand for its services. However, Swiggy’s Ebitda loss slightly increased on a quarter-on-quarter basis.

The company continues to focus on expanding in quick-commerce, including adding new stores and growing its user base.

Q3 FY25 Operational Developments

Swiggy has been expanding its quick-commerce business with the launch of initiatives like Bolt (10-minute food delivery) and Snacc, as well as expanding its dark store network.

Swiggy also introduced Swiggy Scenes, focusing on restaurant event reservations, and a premium subscription service, One BLCK, to diversify its revenue sources.

The company’s quick-commerce division, Instamart, added 86 stores in January 2025 and grew its Monthly Transacting Users (MTUs) to 9 million, up by 2 million from the previous quarter.

CEO’s Statement: Swiggy’s Managing Director and Group CEO, Sriharsha Majety, highlighted the company’s ongoing efforts to create more consumption opportunities, particularly through festive offers, new categories in quick-commerce, and the expansion of delivery options like Bolt and Snacc. Majety also mentioned that the company is investing heavily in quick-commerce and dark stores expansion amidst high competition.

Despite the widening losses, Swiggy is prioritizing growth in its core business and expanding into newer categories, aiming to capture more consumption occasions and build a stronger market position in a highly competitive landscape.

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