India's Swiggy slumps to record as quick-delivery push hits margins, deepens loss
Shares of Swiggy plunged about 8% to a record low on Thursday, after the Indian delivery firm's quarterly loss worsened as an ...
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Swiggy's quick commerce profit margins hurt as expansion, discounts take precedence
While Swiggy saw improvement in its core food delivery business, its quick commerce arm witnessed lower margins as dark store ...
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Swiggy, Zomato face rising costs amid slowing growing in food delivery biz
FY25, Zomato’s Blinkit was near break-even, but in Q3, its adjusted Ebitda margins slipped to -1%. Swiggy Instamart’s margins ...
Zomato’s gamble with ‘Eternal’: A visionary leap or just a name game?
A name can mean everything—or nothing. When Zomato decided to rename its corporate entity to Eternal Ltd last week, the ...
Swiggy's dark store expansion squeeze margins in Q3, brokerages see tough quarter ahead
Brokerages offered mixed views on Swiggy after its net loss widened to Rs 800 crore in Q3FY25 from Rs 524 crore a year ago, as rising competitive intensity and aggressive dark store expansion continue ...
Kotak sees Zomato shares rallying up to 26%, maintains buy rating
Kotak Institutional Equities reaffirmed a "buy" rating on Zomato, maintaining a target price of Rs 275, citing strong food ...