Swiggy reports Q2 financial results, showing revenue growth and narrowed losses, but faces market skepticism
Swiggy reported its Q2 financial results, indicating a 36% jump in revenue and a narrowed loss of Rs 922 crore. While the company's quick commerce arm, Instamart, is focusing on profitable growth, market analysts from Jefferies, Nomura, and Bernstein reacted negatively, leading to a 14% crash in Swiggy's shares and target price cuts. The Economic Times reported on these developments, highlighting both the company's performance and the market's skeptical reception.
4 articles from 1 outlet covered this story. The underlying claim is sourced from a press release.
What do all outlets agree on?
1 outlet covered “Swiggy reports Q2 financial results, showing revenue growth and narrowed losses, but…”. All of them report the following:
- Swiggy reported Q2 financial results
- Swiggy's Q2 revenue increased by 36%
- Swiggy's Q2 loss narrowed to Rs 922 crore
- Swiggy's quick commerce arm is Instamart
- Swiggy's shares crashed 14% after results
- Swiggy's shares hit a 52-week low
- Analysts (Jefferies, Nomura, Bernstein) cut target prices for Swiggy
Which outlets covered this?
All 4 articles found on this story, grouped by the stance of the piece. Every link goes to the original publisher.