Swiggy vs zomato: Online food delivery company Swiggi has also announced the results of its December quarter. In the December quarter (Q3), the company’s net loss increased to ₹ 799 crore. It was ₹ 574.4 crore in the same period last year. Swiggy lost ₹ 574.4 crore in the July-September quarter.
At the same time, Jomato’s net profit in the October-December quarter fell by 57 per cent to Rs 59 crore on an annual basis. The company’s profit was reduced by 66.5% compared to the September quarter.
Meanwhile, the competition between food delivery and Quick Commerce Agriculture Zomato and Swiggy is increasing. Both companies are trying to increase their dominance in these areas. If we compare Swiggy to Zomato, two things come out. The first is that its quick commerce business is lagging behind Jomato. At the same time, Swiggi’s food delivery business has performed better than Jomato.
Swiggy vs Zomato: Stocks display, market cap
Swigy’s shares have recently faced shocks. Since Jomato’s Q3 results, Swiggi shares have fallen 13% and their all -time high 32%. Talking about the market cap, Swigg’s current is currently Rs 89,464 crore. While the market cap of Zomato is Rs 2,23,453 crore.
Swiggy: What is the opinion of brokerage firms?
Food delivery platform Swiggi’s shares declined on Thursday. The shares of the food delivery company fell by 7.4 per cent to 52 weeks at Rs 387 per share on BSE. Most brokerage companies reduced the target price on stock after releasing the company’s third quarter results. Due to this, stock came under the pressure of selling.
Swiggi shares were trading at 1 pm on BSE at Rs 23.65 or 5.66% to Rs 394 per share. In comparison, the BSE Sensex fell 0.48% to 77,896. With this, the company’s market cap declined to Rs 89,328 crore. The 52 week high level of stock is Rs 617 per share.
Brokerage firms have retained their stance on Swiggy after the third quarter. However, Most have reduced their target price on stock.
Motilal Oswal: Target Price Rs 460 | Rating Neutral
Brokerage firm Motilal Oswal has retained the ‘Neutral’ rating on Swiggi. However, Brokerage reduced its target price on stock to Rs 460 per shares. Earlier it was 520 rupees.
Brokerage believes that the Food delivery sector has a stable duopoly. However, increasing competition and aggressive dark store expansion has rebassed the expectations of profits for Quick Commerce sector in the short term period.
CLSA: Target Price Rs 726 | Rating Accumulate |
The brokerage firm CLSA retained the ‘Acumulat’ rating on the swiggi. But the target price on the stock has been reduced to Rs 726 per share as compared to Rs 750.
According to Brokerage, Swiggy’s Quick Commerce Business performed strongly while the food delivery business faced shock. The growth of the company was led by Swiggy’s 10 -minute Food delivery service.
Macquire: Target Price 325 | Rating underperform |
Mcquire retained his rating on the ‘underperform’ on Swiggy with a target price of Rs 325 per share. Brokerage said that the network expansion and competitive growth affected the company’s margin. In addition, Brokerage said that excessive competition will remain up to some more quarters. Also, food delivery business can increase margin over time. However, Brokerage has given priority to Jomato compared to Swiggy.
How to be the Q3 results of Swiggi?
Food delivery platform Swiggy said on Wednesday that its consolidated net loss increased to ₹ 799 crore in the third quarter (Q3) of FY 2024-25 (FY25). Last year, the company had a loss of ₹ 574.4 crore in the same period. At the same time, Swiggy was also lodged by ₹ 574.4 crore in the July-September quarter.
However, despite the increase in losses, the consolidated revenue from the company’s operations increased an annual increase of 31%. It increased to ₹ 3,993 crore in Q3Fy25 as against ₹ 3,049 crore in Q3Fy24, which shows the strength in the company’s business.
Zomato: What is the opinion of brokerage firms?
Nomura says that the growth of Jomato’s food delivery segment was low in the third quarter. This is not the first time the growth has disappointed. In the third quarter of FY 23, the growth of GOVs slowed down by 0.7 per cent on a quarter basis. We hope that the food delivery segment will register 17 to 20 percent. Brokerage has now reduced its target price on Jomato from Rs 320 to Rs 290.
Brokerage firm Motilal Oswal (Motilal Oswal) Has kept a target price of Rs 270, retaining its rating on Zomato on ‘Buy’.
Brokerage firm Nuwama (nuvama) Has also retained its rating on Jomato on ‘Buy’. However, brokerage has reduced its long -term target to Rs 300 on the stock. Earlier it was Rs 325.
Brokerage JM Financial (JM Financial) Has hoped to buy Jomato, hoping to gain a gain in the long term. For this, brokerage has given a target price of Rs 280.
Brokerage firm ICICI Securities Has given a ‘BUY’ rating on Zomato with a long -term target price of Rs 310. Brokerage says that the company’s profitability has been affected due to increasing the number of stores. However, our long -term outlook with Zomato remains strong and we recommend buying the stock with a target price of Rs 310.