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Swiggy shares slide after Q3 loss widens sharply
Swiggy shares dropped after a wider Q3 loss, with rising costs and profitability concerns keeping investors cautious.
Swiggy shares fell nearly 7% after the company reported a wider Q3 net loss of ₹1,065 crore, raising concerns over profitability timelines.Higher delivery costs, marketing spends, and competitive intensity pressured margins despite revenue growth. Investors turned cautious on near-term valuations, while analysts advised monitoring cost control measures, cash burn trends, and execution in quick commerce as key drivers ahead for medium term outlook stability.