Preview: India's Swiggy to post narrower sequential loss this quarter, analysts say

Swiggy

30/10/2025 05:12

** Swiggy SWIG.NS down 0.7% at 415.35 rupees ahead of results

** On avg, at least 8 analysts expect food and grocery delivery firm to report net loss 12.7% lower than last quarter

** In May, co flagged absolute losses should narrow as investments in its quick commerce app, Instamart, gradually decline

** "With easing competitive intensity and a pause in dark store expansion, the path to breakeven appears increasingly achievable" - Motilal Oswal

** Motilal, ICICI Securities and Anand Rathi expect Instamart's adjusted EBITDA margin loss to narrow between 12.7% and 13.8% vs last quarter's negative margin of 15.8%

** Competitor Eternal ETEA.NS reported a sequential uptick in Q2 profit, as its q-com unit's, Blinkit, margins improved

** However, pace of improvement disappointed analysts as high competition kept Blinkit investments elevated

** Swiggy, Eternal rated 'buy' on avg - per LSEG data

** YTD, SWIG down nearly 23%; ETEA up about 17%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))