Swiggy shares plunge 7% after Q4 results. What are Nomura, Citi and others saying?

Short summary

Swiggy shares dropped 7% following Q4 results showing an Rs 800 crore net loss, though losses are narrowing with strong growth in food delivery and Instamart. Despite competitive pressure in quick commerce, major brokerages like Nomura, Citi, and Nuvama maintained bullish outlooks citing improved margins and long-term execution potential.

• •Q4 net loss of Rs 800 crore, narrowing year-on-year
• •Stock dropped 7% post-results despite strong growth segments
• •Analyst consensus remains bullish on improving margins and scale

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