India's Swiggy drops as quick-commerce slowdown clouds quarterly results

Eternal

11/05/2026 05:08

May 11 (Reuters) - Shares of Indian food delivery major Swiggy SWIG.NS fell as much as 6.8% on Monday, as slowing growth in its quick-commerce business and intensifying competition overshadowed a narrower fourth-quarter loss and robust growth in food delivery.

Analysts said investor concerns centred on Swiggy losing quick-commerce market share to rival Eternal's ETEA.NS Blinkit, while competition from players such as Zepto, Amazon and Flipkart remains intense.

 (Reporting by Surbhi Misra in Bengaluru; Editing by Sumana Nandy)

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