Negative impactResults
Swiggy shares tumble over 8% after Q2 results. Here’s why Jefferies, Nomura, Bernstein cut target price
Economic Times 1 hr ago·23 Oct 2026, 4:03 am
Swiggy shares fell over 8% after the company reported its second-quarter results. While the food delivery giant reported a lower net loss, its adjusted EBITDA loss widened compared to the previous quarter. This mixed performance led major brokerages like Jefferies, Nomura, and Bernstein to cut their target prices for the stock.
For investors, the key takeaway is the widening of adjusted EBITDA losses. This metric is critical as it indicates how close the company is to becoming profitable. The drop in stock price reflects investor caution regarding the pace of profitability, despite the company’s continued growth in revenue and order value.
Investors should watch Swiggy's future quarterly updates to see if the company can stabilize its losses. The focus will be on whether the company can reverse the sequential increase in losses and improve its path to profitability in the coming quarters.
Affected stocks
Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Swiggy (SWIGGY).
- Category: Results.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Swiggy worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
