Swiggy Shares Tumble Over 5% After Q3 Losses Widen to Rs 1,065 Crore
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News18•30-01-2026, 17:45
Swiggy Shares Tumble Over 5% After Q3 Losses Widen to Rs 1,065 Crore
- •Swiggy's shares dropped over 5% on Friday following the announcement of its Q3 results.
- •The company reported a widened loss of Rs 1,065 crore for the December quarter, up from Rs 799 crore in the previous year.
- •Losses from the quick commerce segment (Instamart) and increased advertising and sales expenditure contributed to the wider losses.
- •Swiggy co-Founder Sriharsha Majety noted that investments in lower consumer-side monetisation did not yield desired order growth.
- •Swiggy clarified its quick-delivery model focuses on strategic store placement, not pushing delivery partners for timelines, leading to increased earnings per hour for partners.
Why It Matters: Swiggy's Q3 losses widened significantly due to quick commerce and marketing, causing a stock decline.
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