Shares of Swiggy slipped over 2% in early trading hours today (February 12) to hit an all-time low of INR 326.10 on the BSE as the foodtech giant continued to reel under the effect of weak performance in the December quarter of the fiscal year 2024-25 (Q3 FY25).

Notably, Swiggy’s shares logged losses for the seventh consecutive session. The stock has tanked over 27% in the last 6 trading sessions, ending in the red at all times.

The stock ended last trading session at INR 333.70 on the BSE, down 8% from the previous close and 19% from its listing price of INR 412.

Swiggy’s consolidated net loss ballooned over 39%in Q3 FY25 from INR 574.4 Cr in the year-ago quarter. Meanwhile, its quick commerce arm Instamart , up 70% YoY from INR 310.36 Cr.

Brokerages expect a due to heightened competition, and higher spending on expansion.

(The story will be updated soon)

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