On December 4, 2024, Swiggy's stock price jumped over 6% on the BSE, reaching ₹534.85 per share, following the release of its Q2 FY25 earnings. The food delivery giant reported a 30% year-on-year increase in revenue, totaling ₹3,601.45 crore, while narrowing its net loss by 5% to ₹625.5 crore.
In its first earnings report since going public, Swiggy's EBITDA loss also declined to ₹555 crore from ₹624 crore a year prior. The company’s monthly transacting users rose 19% year-on-year to 17.1 million. JM Financial maintains a 'Buy' rating on Swiggy, raising its target price to ₹550 per share, while Motilal Oswal forecasts a 12.5% annual growth in food delivery orders.
Swiggy debuted on the stock market on November 13, 2024, with a 5.64% premium, and has since risen nearly 30% from its listing price of ₹412. As of 12:10 PM on December 4, the stock was trading at ₹514.05, reflecting a 2.54% increase.