Swiggy Shares Drop 7% Following Q4 Loss Despite Revenue Growth
Swiggy shares plunge 7% after Q4 results. What are Nomura, Citi and others saying?
The Economic Times
Image: The Economic Times
Swiggy's shares fell 7% to ₹261 after reporting a net loss of ₹800 crore for Q4 FY26, though this was an improvement from the previous year's loss of ₹1,081 crore. Revenue rose 45% year-on-year to ₹6,383 crore, with significant growth in both food delivery and quick commerce segments.
- 01Swiggy reported a net loss of ₹800 crore for Q4 FY26, down from ₹1,081 crore the previous year.
- 02Revenue from operations increased by 45% year-on-year, reaching ₹6,383 crore.
- 03The food delivery segment saw a gross order value rise of 23% to ₹9,005 crore.
- 04Brokerages maintain 'Buy' ratings, with target prices ranging from ₹415 to ₹477.
- 05Instamart's gross order value surged 68.8% year-on-year to ₹7,881 crore.
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Swiggy's shares dropped 7% to ₹261 after the company announced a net loss of ₹800 crore for the fourth quarter of FY26, an improvement from the ₹1,081 crore loss reported in the same quarter last year. Despite the loss, Swiggy's revenue from operations soared 45% year-on-year, totaling ₹6,383 crore. The food delivery segment experienced its strongest growth in 15 quarters, with gross order value rising 23% to ₹9,005 crore. Monthly transacting users in this segment grew 21% year-on-year, reaching 18.3 million. Swiggy's quick commerce arm, Instamart, reported a remarkable 68.8% increase in gross order value, totaling ₹7,881 crore. Brokerages like Nuvama, Nomura, and Citi maintained their 'Buy' ratings, with target prices suggesting significant upside potential, despite ongoing competition in the quick commerce space.
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The decline in Swiggy's share price may affect investor confidence and market perception of the company, potentially influencing its future funding and expansion plans.
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