🚨 *Weak Q3 performance by Swiggy* 🚨 Net loss widened to Rs 800 crore in the December quarter (Q3 FY25), up from Rs 574 crore a year ago, driven by continued losses in its quick commerce segment. Advertising and sales promotion expenses saw the steepest rise, increasing by 65% to Rs 751 crore in December 2024. Sequentially too, it rose 40%. But after the investor call, what left analysts concerned was Swiggy’s lack of clarity around its profitability guidance for quick commerce. Remember, Zomato's stock fell 10% two week ago, when it guided that it will prioritise growth over EBITDA for Blinkit in the near term. Read details: https://bit.ly/4jECPZf