The Economic Times

Swiggy shares tumble over 8% after Q2 results. Heres why Jefferies, Nomura, Bernstein cut target price

Swiggy shares fell despite its Q2 net loss narrowing year-on-year to Rs 922 crore. Revenue rose 36% to Rs 7,571 crore, while adjusted EBITDA losses widened to Rs 760 crore and sequential losses increased. Instamarts gross order value grew 31% year-on-year to Rs 9,230 crore.