Swiggy gained food delivery market share from Eternal in November, UBS says

Eternal

16/12/2025 05:15

** Swiggy SWIG.NS gained market share from Eternal ETEA.NS in food delivery segment in November, says UBS

** Brokerage says industry volume dropped 5.3% in November compared to previous month; Eternal's order volume down 4.4%, while Swiggy's rose 0.1%

** Adds that drop in average order value driving SWIG's overall order volume growth after initiatives such as Snacc, Bolt, and the 99 store

** UBS says Eternal outperformed Swiggy in the previous two months

** On the day, ETEA down 3.5%, SWIG falls 2%

** Both stocks rated "buy" on average by analysts - data compiled by LSEG

** YTD, ETEA up 3.3% vs SWIG's 25% decline

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))