Analysts play down India's quick-commerce competition; Swiggy gains

Swiggy

22/07/2025 06:13

** Swiggy SWIG.NS gains 4% to 408.30 rupees; Blinkit-owner Eternal ETEA.NS jumps as much as 14.6% to a record high

** Analysts say they overestimated competitive threat in quick commerce space after Swiggy's rival Eternal said Blinkit's margins "hit bottom" and could improve

** After its Q4 results, Swiggy said losses related to rapid expansion in quick commerce arm had likely peaked

** Instamart-parent to report June-quarter results on July 31

** SWIG, ETEA both rated "buy" on avg, per data compiled by LSEG

** YTD, SWIG falls 24.5% vs ETEA's 6% rise

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))