SWIGGY

Swiggy and Eternal fell by as much as 2 to 3% in Tuesday’s session after Amazon announced plans to significantly expand its quick commerce service, Amazon Now, to 100 cities across India—intensifying competition in the segment. Currently, Amazon Now is operational in Delhi-NCR, Mumbai, and Bengaluru. The company said it will strengthen its dedicated fulfillment infrastructure and scale its network to over 1,000 micro-fulfillment centers to support the expansion. This move is part of Amazon India’s recently announced ₹2,800 crore investment. On the bourses, Eternal’s stock dropped 3.52% to an intraday low of ₹246.01 on the NSE, while Swiggy shares declined 2.45% to ₹279.2. Amazon’s aggressive push into quick commerce is expected to increase competitive pressure in the space, potentially impacting the growth trajectory and margins of existing players like Eternal and Swiggy. Meanwhile, Eternal is set to announce its fourth-quarter results later today. Its food delivery net order value projected to grow 16–18% YoY, while NOV growth for Blinkit is estimated at a robust 95–100%.