Latest news with #SwiggyDineout
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Business Standard
13-05-2025
- Business
- Business Standard
Why are Swiggy shares under pressure today? Stock hits all time low
Swiggy share price: Shares of Swiggy tumbled 7.3 per cent, hitting an all-time low of ₹297 per share on BSE. The selling pressure came a day after the mandatory six-month lock-in period for non-promoter, pre-IPO investors, expired. Pre-IPO shareholding lock-in refers to a period after a company goes public during which certain shareholders are restricted from selling their shares. "Swiggy stock is likely to remain under pressure in the near term due to weak Q4 results as well as the expiry of pre-IPO shareholder lock-in on May 12," said JM Financial Institutional Securities in its report. JM Financial suggested long-term investors can use these pressures to build a sizable position in Swiggy as, at the current market price, the market seems to accord value to only its food delivery business, whereas Instamart and other businesses are not getting any meaningful value. At 9:29 AM, Swiggy shares were trading 5.4 per cent higher at ₹303.2 per share on the BSE. In comparison, the BSE Sensex was down 0.60 per cent at 81,937.22. The market capitalisation of the company stood at ₹75,619.84 crore. The 52-week high of the stock was at ₹617 per share. Swiggy Q4 results 2025 Swiggy on Friday, May 9, 2025, reported its March quarter (Q4FY25) numbers. In Q4, albeit Swiggy reporting a jump in consolidated revenue from operations by 44.8 per cent to ₹4,410 crore from ₹3,045.5 crore in Q4FY24, the company's losses widened to ₹1,081.1 crore as compared to a loss of ₹554.7 crore a year ago. Swiggy's food delivery business reported revenue of ₹1,629.3 crore for Q4FY25 was up 18.4 per cent year-on-year (Y-o-Y). Sequentially, revenue was flat with a marginal growth of 0.45 per cent. Quick commerce revenue almost doubled to ₹689 crore for Q4FY25 from ₹320.7 crore in Q4FY24. About Swiggy Swiggy is a convenience platform serving millions of consumers across India. Swiggy partners with over 2.5 lakh restaurants in 700 cities. Its quick commerce arm, Swiggy Instamart, operates in over 120 cities, delivering groceries and essentials from more than 20 categories in just 10 minutes. Swiggy also offers services like Swiggy Dineout and Swiggy Scenes, all integrated into a single app. Powered by advanced technology and Swiggy One—the country's only membership program covering food delivery, grocery, dining, and logistics—Swiggy strives to deliver a seamless, all-in-one experience.
Business Standard
05-05-2025
- Business
- Business Standard
Swiggy sizzles as 'Bolt' races ahead, Zomato taps out of 10-minute delivery
Swiggy's share price rose 8.78% to Rs 332.15 after the company announced that its 10-minute delivery service, Bolt, has expanded to over 500 cities across India. The announcement comes less than six months after Bolt was launched in October 2024. The stock movement was further supported by a statement from competitor Eternal (formerly Zomato), which confirmed it is discontinuing its 10-minute delivery service, Quick. Eternal also announced the closure of its home-style meal delivery service Everyday, citing a lack of path to profitability without compromising customer experience. Swiggy reported that Bolt now accounts for more than 10% of food delivery orders on its platform. The company stated that demand has been strong across metropolitan areas as well as Tier 2 and Tier 3 cities, supported by a network of over 45,000 restaurant partners. According to Swiggy, Bolt is designed to optimize operational efficiency through smart backend systems, a curated menu of high-demand, low-preparation items, and a 2-km delivery radius. The service features offerings from major quick service restaurant (QSR) brands including KFC, McDonalds, Subway, Faasos, Burger King, and Curefoods, along with various regional brands. Rohit Kapoor, CEO of Swiggys Food Marketplace, stated that Bolt addresses the evolving needs of customers seeking speed without compromising food quality. He noted the services rapid scale-up to over 500 cities as a significant milestone. In contrast, Eternal CEO Deepinder Goyal explained that the current restaurant density & kitchen infrastructure was not suited to the demands of a 10-minute delivery model. He added that the pilot for Quick did not yield incremental demand and maintaining customer experience at that speed was not feasible under current conditions. The withdrawal of its key competitor from the quick delivery segment is being viewed as a positive development for Swiggys Bolt initiative. Swiggy is India's pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 5 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2 lakh restaurants across 700+ cities. Instamart, its quick commerce platform operating in 100+ cities, delivers groceries and other essentials across 20+ categories in 10 minutes. Fueled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Genie into its multi-service app. Leveraging cutting-edge technology and Swiggy One, the countrys only membership program offering benefits across food, quick commerce, dining out, and pick-up and drop services, Swiggy aims to provide a superior experience to its users. Swiggy's board will consider Q4FY25 results on 9 May 2025. The company reported consolidated net loss of Rs 799.08 crore in Q3 FY25 compared with net loss of Rs 574.38 crore in Q3 FY24. However, revenue from operations jumped 30.98% to Rs 3993.06 crore in Q3 FY25 compared with Rs 3,048.69 crore in Q3 FY24.
Mint
25-04-2025
- Business
- Mint
5 best credit cards packed with perks for frequent travellers
Travel credit cards: When you are a travel freak and a credit card user at the same time, it is advisable to subscribe to card(s) that offer a range of benefits. These benefits could range from access to the airport lounge to cashbacks and other reward points. Here, we list out five popular credit cards which offer privileges and benefits to the cardholders who love to travel a lot in India as well as abroad. This card offers following features: A. Cardholders are entitled to receive 'buy one Get one' Free on movie & non-movie weekend tickets when you book it via BookMyShow. B. The card also offers 5X reward points on Swiggy and Zomato. C. There are complimentary annual memberships of Swiggy One and Times Prime as Welcome Benefit D. There are ₹ 1,500 worth Marriott, Decathlon & more vouchers on quarterly spends of ₹ 1.50 lakh. E. Two complimentary airport lounge access every calendar quarter worldwide. F. Four reward points for every ₹ 150 spent. These are some of the key features of SBI Card ELITE: A. You get access to two complimentary domestic airport lounge visits every quarter in India. B. It also offers you the privilege of the lowest foreign current mark-up charge of 1.99 percent on international usage. C. You are also entitled to two reward points on every ₹ 100 spent on international transactions. This card offers these benefits: A. It allows you the exclusive round-the-clock concierge services. B. The card also offers one dozen complimentary access within India (both at domestic and international terminals) using the HDFC Bank Regalia Gold Credit Card. C. Additionally, you are entitled to receive up to 7.5 percent savings on all your restaurant bill payments via Swiggy Dineout. These are some of the key features of this travel card by RBL Bank: A. You can use the card wherever you like and it will charge you only 0 percent mark up on any foreign currency transactions. This effectively leads to 4 percent savings on all currency exchange transactions. B. The card also gives a welcome gift of MakeMyTrip voucher worth ₹ 3,000. This credit card offers following benefits A. Access to domestic and international lounges for primary cardholders as well as accompanying guests. B. The card also offers 25 percent discount on dining at 10,000 plus restaurants. Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit. First Published: 25 Apr 2025, 11:17 AM IST
Mint
24-04-2025
- Business
- Mint
THESE 3 HDFC Bank cards offer a blend of rewards and cashbacks. Check details
Before you opt for a credit card, it is vital to compare the key features offered by the card in comparison to the similar cards in the same category. Here we compare the three everyday rewards credit cards offered by HDFC Bank. We share details about three HDFC Bank credit cards which offer rewards and cashbacks. These three cards are Millennia Credit Card, MoneyBack+ Credit Card and Freedom Credit Card. Let us understand what are the key features of these cards: I. Millennia Credit Card: These are the key features of Millennia credit card: A. It offers 5 percent cashback on Amazon, BookMyShow, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato. B. There is an additional 1 percent cashback on other expenses. C. The cardholders offer gift vouchers worth ₹ 1000 worth on spends of ₹ 1 lakh and above in each calendar quarter. D. You are also entitled to receive a 10 per cent additional discount on Swiggy Dineout using coupon code HDFCCARD. II. MoneyBack+ Credit Card: These are the key features of MoneyBack+Credit card: A 10X cash points on Amazon, BigBasket, Flipkart, Reliance Smart SuperStore and Swiggy. B. 5X CashPoints on EMI spends at merchant locations C. Two cash points on all other spends (excluding fuel, wallets loads) D. Gift vouchers worth up to ₹ 2,000 annually. III. Freedom Credit Card: These are the key features of Freedom Credit Card: A. Earn 5X CashPoints on EMI spends at merchant locations B. Earn 1 CashPoint per every Rs.150 on other spends (excluding fuel, wallets loads) C. Earn 10X CashPoints on your favourite merchants (Big Basket, BookMyshow, OYO, Swiggy and Uber ) Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit. First Published: 24 Apr 2025, 12:31 PM IST
