Swiggy shares tumble over 8% after Q2 results. Here’s why Jefferies, Nomura, Bernstein cut target price

Swiggy shares fell despite its Q2 net loss narrowing year-on-year to Rs 922 crore. Revenue rose 36% to Rs 7,571 crore, while adjusted EBITDA losses widened to Rs 760 crore and sequential losses increased. Instamart’s gross order value grew 31% year-on-year to Rs 9,230 crore.

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