Brokerage firm Motilal Oswal said in a post-earnings report that Swiggy's growth was faster than the category average set by Zomato over the medium term in the food delivery sector.

Food and grocery delivery platform Swiggy on Tuesday reported a narrowing of loss at ₹625.53 crore on a consolidated basis in the second quarter ended September, down from ₹657 crore in the year-ago period.

The company's consolidated loss during the September 2024 quarter (Q2 FY25) widened to Rs 625.53 crore sequentially as against Rs 611 crore in the previous quarter. However, Swiggy's net loss was at Rs 657 crore in Q2 FY24.

Zomato, Swiggy's old rival, had posted a revenue of Rs 4,799 crore and had a profit after tax of Rs 272 crore during the September quarter.

Shares of Swiggy jumped over 6% to INR 534.85 apiece on the BSE during the intraday trading today (December 4) after the foodtech major narrowed its consolidated net loss by 4.78%

Swiggy's consolidated net loss marginally narrowed in the second quarter of financial year 2025 (Q2FY25) to Rs 625.5 crore from Rs 657 crore a year ago

One of the top quick-commerce and food delivery services in India, Swiggy, has announced its Q2 FY25 financial results, which show both significant revenue growth and profitability issues.

Swiggy shares closed over 3% higher on Wednesday after the food delivery platform reported a narrowing of its net loss in the second quarter. The company also announced plans to achieve positive adjusted EBITDA by the third quarter of FY26.

Swiggy's Q2 financials show a reduced net loss at Rs 625.53 crore with revenue from operations rising to Rs 3,601.45 crore. The company predicts achieving positive adjusted EBITDA by Q3 FY26. Its board approved a Rs 1,

Swiggy’s stock continued its upward trajectory, rising 3% to Rs 517 in early trade today, buoyed by the announcement of its Q2 FY25 results. This rally follows a 1.7% gain yesterday, with the stock closing at Rs 502 ahead of the eagerly anticipated earnings report.

Swiggy shares are likely to attract attention on Wednesday after the food delivery platform, which went public in November, reported a sequential rise in its consolidated net loss for Q2 FY25. The loss for the July-September 2024 period was Rs 625.