SWIGGY
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Swiggy shareholders cap foreign ownership at 49.5% for IOCC status
3 Min Read Food and quick-commerce giant Swiggy is moving closer to its goal of becoming an Indian-owned and controlled company (IOCC) after shareholders approved a proposal to cap aggregate foreign ownership at 49.5%. The development could pave the way for Swiggy to operate its quick-commerce business, Instamart, under an inventory-led or first-party (1P) model.
Swiggy narrows EBITDA target gap
Swiggy has set a revised $1.05 billion core earnings target for FY31, showing progress towards its ambitious goal. Shares surged 5% post-announcement.
Swiggy shares set for best month in years
Swiggy shares have surged nearly 24% in July, heading for their best month since the company listed in November 2024. Industry leader Eternal has gained 17%, its strongest monthly advance in more than two years. Behind the rally is growing pressure on loss-making Zepto, whose planned initial public offering has run into resistance from institutional investors concerned about excessive cash burn and its valuation expectations.
Swiggy shares slide after Q1 results
Swiggy shares declined more than 5 per cent on Friday after the company reported its Q1FY27 results, with brokerages maintaining mixed views on the stock. The stock traded at ₹291 at 9.56 am after falling to an intraday low of ₹280.20 from the previous close of ₹295.91. In the previous session, the stock had hit a 52-week low of ₹235.75.
Swiggy Q1 loss narrows to Rs 791 crore
Listen to this article in summarized format Revenue from operations rose more than 37% YoY to Rs 6,812 crore during the April-June quarter of FY27, compared with Rs 4,961 crore in the year-ago period. Swiggy's total income rose over 39% year-on-year to Rs 7,023 crore in the June quarter, while total expenses increased more than 25% to Rs 7,813 crore.
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