Swiggy is trading at ₹186.10 (-11.97%) after September-quarter results showed its consolidated loss widened, raising concerns about the longer path to profitability.
- Revenue rose 36.1% year over year to ₹7,571 crore, while consolidated loss widened sequentially to ₹922 crore from ₹791 crore.
- Instamart’s segment loss increased to ₹764 crore from ₹651 crore in the prior quarter.
- Motilal Oswal cut its price target after the results.