Swiggy, India's top food delivery app, prepares to report its first earnings post-IPO, expecting revenue growth and reduced losses.

Swiggy, India's largest food delivery platform, is set to report its first quarterly results post-IPO on Tuesday. Analysts expect a 6% sequential growth in revenue and a narrower adjusted EBITDA loss of Rs 270 crore, down from Rs 350 crore in Q1. Swiggy's GOV and contribution margins are projected to improve, driven by reduced discounts and operational efficiencies. The company's shares have surged by 9.44% ahead of the earnings announcement.

3 months ago
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