Swiggy Shares Tumble 8% After Q3 Losses Widen to Rs 1,065 Crore

• Swiggy shares dropped nearly 8% on Friday following the announcement of widening Q3 losses.
• The food delivery and quick commerce major reported a loss of Rs 1,065 crore for the December quarter, up from Rs 799 crore in the previous year.
• Losses were primarily driven by the quick commerce segment (Instamart) and increased advertising and sales expenditure.
• Swiggy co-Founder Sriharsha Majety noted that investments in lower consumer-side monetization did not yield desired order growth and are under review.
• Majety emphasized a conscious decision to avoid deep-discount-driven growth that sacrifices average order values and margins.

Why It Matters: Swiggy's Q3 losses widened significantly, causing an 8% share drop, driven by quick commerce and ad spending.