Brokerage firm Motilal Oswal said in a post-earnings report that Swiggy's growth was faster than the category average set by Zomato over the medium term in the food delivery sector.

Swiggy shares climbed following strong Q2 FY25 revenue growth, despite a reported loss of Rs 625.53 crore. Innovations like Bolt for 10-minute food delivery and Instamart expansion contributed to a 30% YoY increase in gross order value,

Food and grocery delivery platform Swiggy on Tuesday reported a narrowing of loss at ₹625.53 crore on a consolidated basis in the second quarter ended September, down from ₹657 crore in the year-ago period.

Swiggy's shares rose 6.69 per cent to Rs 534.85 on the BSE and 6.56 per cent to Rs 534.80 on the NSE following a reduction in its consolidated net loss to Rs 625.53 crore for Q2 FY24. This marks an improvement from Rs 657 crore in the same quarter last year, driven by the steady growth of its food delivery business.

Swiggy, India’s leading food and grocery delivery platform, reported its second-quarter FY25 results, marking its first financial results since going public. For the period from July to September 2024,

Swiggy’s stock continued its upward trajectory, rising 3% to Rs 517 in early trade today, buoyed by the announcement of its Q2 FY25 results. This rally follows a 1.7% gain yesterday, with the stock closing at Rs 502 ahead of the eagerly anticipated earnings report.

Zomato, Swiggy's old rival, had posted a revenue of Rs 4,799 crore and had a profit after tax of Rs 272 crore during the September quarter.

The online delivery company’s loss stood at Rs 626 crore in the second quarter of the current FY25, narrowing 5 per cent from Rs 657 crore logged in the July-September quarter a year earlier

Swiggy's Food delivery revenue during the quarter grew by 22% on a year-on-year basis and by 4% when compared to the June quarter. The food delivery aggregator remains loss making.

Shares of Swiggy jumped over 6% to INR 534.85 apiece on the BSE during the intraday trading today (December 4) after the foodtech major narrowed its consolidated net loss by 4.78%

Swiggy shares closed over 3% higher on Wednesday after the food delivery platform reported a narrowing of its net loss in the second quarter. The company also announced plans to achieve positive adjusted EBITDA by the third quarter of FY26.