Swiggy may recover quick commerce share despite widening losses: Morgan Stanley

This is despite the fact that while quick commerce has helped drive Swiggy’s revenue growth, the company’s expenditure on the vertical continues to drag its bottom line down.

Instamart, Swiggy’s quick delivery business, saw its gross order value (GOV) rise 101% year-on-year to Rs 4,670 crore. However, the adjusted Ebitda loss also increased to Rs 840 crore during the same period.

Nevertheless, Morgan Stanley said…