FILE PHOTO: Swiggy shares fell 4.4 per cent in early trade after the company reported wider losses in its quick-commerce business.
| Photo Credit:
FRANCIS MASCARENHAS
Shares of Swiggy fell on
Friday after the Instamart operator reported wider losses in its
quick-commerce business, keeping the focus on profitability in
the competitive segment following rival Eternal’s
results earlier this week.
Swiggy’s stock was down 4.4% at 202 rupees in early trade.
Eternal and Swiggy have been rapidly expanding their
networks of small warehouses, known as dark stores, as the
segment has emerged as a key growth driver for both companies
even as spending on expansion and competition have put
profitability in focus.
Published on October 23, 2026
