Swiggy narrows losses but still posts a ₹922 crore net loss

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Food delivery company Swiggy has reduced its losses compared with the previous period, though its bottom line remains deeply negative at ₹922 crore. The narrowing of the deficit suggests progress in cost control or operational efficiency. Despite the improvement, the company continues to spend heavily relative to its earnings. The figures highlight the ongoing challenge for quick-commerce and delivery players to reach sustained profitability.

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