Swiggy shares tumble 17% after Q1FY27 results, hitting 52‑week low

Swiggy shares tumbled more than 17% on Friday, 23 October, reaching a 52‑week low after the company posted its September quarter (Q1FY27) results. The stock opened at ₹204.90, down from the previous close of ₹211.30, and fell to ₹174.90 intraday. Over the past month the share price has dropped 35%, and over the last year it is down 58% from its 52‑week high of ₹434.50 recorded on 31 October last year. The quarter showed an improvement in adjusted EBITDA, which rose by ₹101 crore year‑on‑year to ₹341 crore, lifting the adjusted EBITDA margin by 58 basis points to 3.4%. Out‑of‑home consumption grew 34.9% year‑on‑year to ₹1,508 crore, marking the seventh straight quarter of profitability. The company reported a profit margin of 0.5% of gross order value. Analysts note that the sharp intraday fall follows the earnings release and adds to a year‑long downtrend in the stock. Investors will watch whether the revenue growth can sustain profitability and reverse the prolonged price decline.

Context

Swiggy is India’s leading food‑delivery platform, and its stock moves often reflect broader trends in the online‑ordering market and investor sentiment toward high‑growth tech firms.