Food and grocery delivery firm Swiggy's early moves stir pot in food, qcom

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Food and grocery delivery firm Swiggy's early moves stir pot in food, qcom - Business Standard

Quick Summary:

In its 2024-25 (FY25) second quarter (Q2), Swiggy narrowed its consolidated net loss marginally to Rs 625.5 crore from Rs 657 crore a year ago.

Its overall gross order value also grew by 30 per cent year-on-year (Y-o-Y), reaching Rs 11,306 crore during Q2FY25.

We foresee Indian quick commerce growing 6x from 2023-24 (FY24) to 2026-27 (FY27), with Swiggy positioned as one of the largest beneficiaries,” CLSA said.