Swiggy stock in focus after strong guidance; stock gains up to 7%

Swiggy share price, Swiggy Q2 results: Swiggy shares in Wednesday's session spurted up to 7 per cent to the day's high price of Rs 535 apiece on the NSE after the company's Q2 results released post market hours in the previous session. The company also gave a strong guidance that can be positive for the stock today.

At around 9:29 am, the sharp gains were pared and the stock was up 2.9 per cent at Rs 516.4 per share on the NSE.

On the sidelines of the company's first earnings post its listing this year has suggested to be positive in respect of adjusted EBITDA at consolidated group level till Q3FY26

For its quick commerce (QC) business -Instamart, the company expectes to achieve adjusted EBITDA break-even by Q2FY27. In the medium term, the company aims to register 18-22 per cent CAGR growth.

Furthermore, in the food delivery space, the company anticipates its gross order value or GOV to increase in high-teens.

Swiggy Q2 results

Food delivery aggregator Swiggy reported a net loss of Rs 625.5 crore for the September quarter, marking an improvement from the Rs 657 crore loss posted in the same period last year. The loss for the previous quarter ended June stood at Rs 611 crore.

Gains in the stock since listing on November 13

The stock against the IPO issue price of Rs 390 has zoomed by as 37 per cent.