Swiggy Shares Dip 2-3% Despite Strong Revenue Growth

Swiggy shares fell 4% to Rs 386 in the morning today after Q1 FY26 net loss nearly doubled YoY to Rs 1,197 crore. Revenue rose 54% YoY to Rs 4,961 crore. Despite the loss, brokerages like Jefferies remain bullish, citing strong food delivery growth and Q-commerce momentum, expecting profitability to improve ahead.