Brokerages positive on Swiggy food delivery, but flag q-comm burn after Q3 show

Brokerages offered mixed assessments of Swiggy’s performance in third quarter of FY26, with analysts highlighting strong food delivery momentum being overshadowed by mounting losses in quick commerce that underscore competitive pressures threatening near-term profitability.

The company reported a consolidated net loss of Rs 1,065 crore during the quarter, up 33% year-on-year. Revenue from operations jumped 54% to Rs 6,148 crore.

The stock fell 4.98% to Rs 311.10 on the BSE on Friday as investors weighed widening quick commerce losses against strong food delivery performance.

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