Zomato vs Swiggy: Which Stock is Performing Better in 2025? 3 Key Insights

Competition in the food delivery industry is heating up, with both Zomato (now Eternal Limited) and Swiggy vying for dominance. While Zomato has undergone a corporate rebranding, Swiggy is focusing on enhancing user experience with new features. Let’s compare their stock performance, business strategies, and financial results to see which company is ahead in 2025. 

Stock Performance: Zomato vs Swiggy 

Zomato, which officially changed its corporate name to Eternal Limited on April 9, is trading at ₹210 per share, down 2% in today’s session. Over the past week, the stock has dipped by 1%, and over 3 months, it has declined by 14%. In the last 6 months, it has dropped 25%, and its year-to-date (YTD) performance is down 23%. However, over the last year, the stock has risen 10%. Eternal’s 52-week high stands at ₹304.70, meaning it is currently 31% below its peak. The company’s market capitalisation is ₹1.95 lakh crore. 

Meanwhile, Swiggy, which went public in November 2024, is performing slightly better today, rising 2% in intraday trade. Over the past week, its stock has fallen by 2%, and in the last month, it has dropped 6%. However, its 3-month performance shows a sharp decline of 33%, and YTD, the stock has plunged 38%. Swiggy’s share price is near its 52-week low of ₹306.95, which is significantly below its 52-week high of ₹617.30—a fall of nearly 50% from its peak. Its market capitalisation stands at ₹77,260 crore. 

Zomato’s Rebranding vs Swiggy’s New Feature 

Zomato has been making headlines due to its name change to Eternal Limited, approved by the Ministry of Corporate Affairs. This rebranding aligns with its expanding portfolio, which includes Blinkit (quick commerce), Hyperpure (B2B supplies), and District (dining services). While the consumer-facing Zomato brand remains unchanged, the stock ticker has changed to ETERNAL, and the company’s official website is moving to eternal.com. 

On the other hand, Swiggy is grabbing attention with its Maxxsaver feature. Introduced on Instamart, this tool automatically applies savings of up to ₹500 on bulk orders across categories like groceries, electronics, fashion, and makeup. The feature is applied at checkout and will soon be part of Swiggy BLCK, its premium membership program. 

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Financial Performance: Profits vs Losses 

Zomato (Eternal) reported a 57% drop in net profit to ₹59 crore in Q3 FY25, despite a 64% surge in revenue to ₹5,404 crore. The company’s gross order value (GOV) rose 57% YoY to ₹20,206 crore, with food delivery GOV increasing by 17% YoY to ₹9,913 crore. Notably, adjusted EBITDA jumped 128% YoY to ₹285 crore. 

Swiggy, however, posted a wider net loss of ₹799 crore in Q3 FY25, increasing 39% YoY, despite a 31% rise in revenue to ₹3,993 crore. Its GOV grew 38% YoY to ₹12,165 crore, but adjusted EBITDA loss stood at ₹490 crore. 

Conclusion 

While both companies are leading players in the food delivery space, Zomato (Eternal) appears more stable in terms of revenue growth and profitability. Swiggy, though innovative with new features like Maxxsaver, is still facing higher losses. Investors will likely keep an eye on how Swiggy manages its financials and whether Eternal’s rebranding strategy pays off in the long run. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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