India's food delivery firms fall as cooking gas shortage hits restaurants

Swiggy

12/03/2026 04:21

** Shares of food delivery firms slump as restaurants report LPG cylinder delivery delays

** Swiggy SWIG.NS falls 4% to 273.1 rupees, Zomato parent Eternal ETEA.NS down 4.1% at 214.7 rupees

** Commercial LPG cylinder supplies have been tightened in several cities due to supply disruptions from the Strait of Hormuz amid Middle East conflict

** Motilal Oswal warns LPG disruption could create near-term headwinds if shortage persists through March

** Brokerage notes reduced menus, limited cooking hours, and temporary kitchen shutdowns at restaurants may limit order availability on platforms, potentially moderating Q4 food delivery volumes

** YTD, SWIG down about 29%, ETEA down around 23%

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))