Swiggy's Mom'entum policy offers year-long WFH post-maternity leave
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E-commerce and food delivery platform Swiggy on Wednesday announced changes to its parental care policy with the introduction of 'Mom'entum 2.0 -- a multi-year programme offering new mothers the option to work from home for up to a year after availing 26 weeks maternity leave.Apart from working from home, mothers can also opt for part-time roles with prorated pay if it suits their new schedule better. The policy also offers gender-neutral bonding leave of 15 days up to the child's third year, and annual leave extensions.Swiggy ensures career continuity through a structured transition plan, ensuring that mothers return to the same or a similar role. Returning mothers exploring internal opportunities will have access to at least three comparable internal job opportunities, along with mentorship from experienced Swiggy moms, buddy support, and access to the " Swiggy Moms Community " for peer connection and guidance, it stated.The new policy includes partial financial support for IVF and prenatal care, flexible work during IVF cycles, five paid leaves, and financial assistance per child for fertility treatments, adoption, or surrogacy procedures.It also entails Pre-Maternity & Transition Planning, whereby Swiggy facilitates structured planning before maternity leave and begins check-ins two months prior to return, ensuring aligned expectations and a smooth re-entry.Girish Menon, Chief Human Resources Officer at Swiggy, said, "Over the past 11 years, women at Swiggy have led critical roles -- driving impact and solving complex challenges. We understand that motherhood isn't a single event, but a journey with evolving needs and challenges. That's where 'Mom'entum 2.0 comes in -- a long-term, structured program that offers meaningful support, especially during the most formative years of motherhood."It's designed to create an environment where women can grow in their careers while staying true to their personal journeys. This is another step in our ongoing commitment to building a truly inclusive workplace for all Swiggsters."Swiggy introduced a gender-neutral parental policy in 2020, covering diverse paths to parenthood, including adoption, surrogacy, miscarriage, and IVF treatments.
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Time of India
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- Time of India
ETtech Explainer: Swiggy's losses balloon despite moving towards improving economics
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Time of India
15 hours ago
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Swiggy's Q1 losses double to ₹1,197cr, revenue rises 54%
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Pankaj Pandey shares insights on various sectors. Pharma companies are focusing on specialty products. Generic drug pricing pressure is expected to continue. FMCG companies are shifting strategies to chase margins. Cement sector is showing better numbers. Hotel sector is also performing well. Auto sector is selectively positive. Food segment is expected to show double digit growth. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads , Head Research,, says Indian pharma companies are focusing on specialty products for growth. Generic drug pricing pressure is expected to continue. FMCG companies are shifting strategies to chase margins. Global sectors may face pressure, making FMCG a better trading option. The food segment is expected to show double digit growth. Indian pharma faces US exposure, but structural negatives are not expected.I do not have coverage on Swiggy or even Eternal and so would not be able to comment. But some of the numbers which I have liked like Ambuja are again talking of Rs 350 per tonne of improvement and the volume growth is higher than the industry. So, cement as a pack has been coming out with a better set of numbers. We have been liking most of them and then Chalet again came up with a very good set of numbers. So, it is not really comparable from a YoY basis, but if you look at the hotel piece specifically, we have seen a high teen kind of a growth in the revenues for hotel business, margins have improved, so that is fact, we like hotels as a pack and overall most of the numbers have come out on expected auto, we are selectively positive. In Maruti, again a muted set of numbers. The only reason we are positive on Maruti is because we are hopeful of the fact that probably in the festive season, even Maruti might be able to deliver better growth than the industry. That is the only Eicher Motors came out with a decent set of numbers and they are also looking quite constructively, especially in the festive season and TVS also came out with a good set of numbers. From that perspective, one needs to be very selective in the overall results. But the result in general is lacking the spark to lift the market higher and which is why we are continuing to see consolidation in the market because of tariff-related the pharma side, all global majors will have a lot more challenges given the fact that some of them are housed in Ireland which again is a tax haven and obviously there are some challenges with respect to pricing which is what Trump is domestic manufacturers or even for exporters, largely the template seems cut out. For example, most of the companies have started to focus on the speciality side, like we have seen in the case of Sun Pharma and their global specialty sales have grown at about 17 odd percent. Domestic growth was 14 odd percent. From that perspective, overall, our sense is that companies have started to become selective in terms of growth and generic is where we do not expect much of a pricing leeway that India can is why we are not too worried from that perspective because all these tariff related noises are going to continue for a good period of time even for countries which have done the trade deal. A lot of details are still not available. You cannot pencil down your numbers on this basis and mark down the the sense is that though Indian pharma is exposed to the US and a sizable chunk too, there are no major alternatives for generic medicines like what US might be expecting. So, from that perspective, a knee-jerk or sentimental reaction can happen. But we do not see a structural negative that is going to pan out in pharma the FMCG front, they have changed the template. Earlier the growth was driven by premiumisation which is where we have seen volume growth tapering off for even a big player like HUL and as a result, the margins were on an elevated they are looking to chase margins and which is why we have seen for a company like HUL, quarter-on-quarter volume incremental improvement of about a percent. So, my sense is again given the fact that some of the global oriented sectors are expected to witness some kind of a pressure, so your FMCG becomes a better trading I am still not very convinced in terms of a very high growth rate for this sector, and so a sum total both pricing and volume growth is still going to be low single digits or probably mid-single or slightly higher depending on the case but in general this sector is not expected to outperform. Selectively, we are positive on a company like say Tata Consumer or Marico . The food segment is again expected to deliver double digit kind of growth and that looks sustainable, otherwise one needs to be very selective in FMCG as overall space.
