Swiggy shares in focus as net loss widens to Rs 1,092 crore in Q2. Should you invest?
Swiggy reported a widened consolidated net loss of Rs 1,092 crore for the September quarter, even as revenue surged 54% YoY to Rs 5,561 crore. The food delivery segments margins improved, while quick-commerce grew over 100% YoY. Morgan Stanley maintained an Overweight rating with a Rs 450 target. The board also approved a Rs 10,000 crore fundraise.
Swiggy reported a widened consolidated net loss of Rs 1,092 crore for the September quarter, even as revenue surged 54% YoY to Rs 5,561 crore. The food delivery segments margins improved, while quick-commerce grew over 100% YoY. Morgan Stanley maintained an Overweight rating with a Rs 450 target. The board also approved a Rs 10,000 crore fundraise.
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