Swiggy shares climbed 6% in early trading today as investors awaited the company’s Q2 FY25 results, which are expected to reflect its recent growth trajectory.
In H1 FY25, Swiggy reported revenue of $750 million (around ₹6,300 crore), marking a 40% year-on-year growth compared to $536 million (₹4,500 crore) in the same period last year. Adjusted EBITDA improved significantly, narrowing its losses by 41% from -$145 million (₹1,218 crore) to -$85 million (₹714 crore), as disclosed by its major shareholder, Prosus.
The stock’s performance comes shortly after Swiggy’s IPO last month, one of the largest for a new-age company in India. The IPO raised ₹11,327.43 crore, including a fresh issue worth ₹4,499 crore and an offer for sale of ₹6,828.43 crore. Swiggy’s IPO price band was set at ₹371-₹390 per share, and its successful listing has bolstered investor confidence in the company’s growth potential in India’s food delivery market.
As of 9:30 a.m. today, Swiggy’s shares were trading up 4.24% at ₹514.65, reflecting strong investor sentiment ahead of the earnings announcement.
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