Swiggy share price jumped over 6% after the food and grocery delivery major reported its earnings for the second quarter of FY25, with a strong growth in revenue and narrowing of losses.

Swiggy shares rose 6.76 per cent to hit a high of Rs 534.85. At this price, the stock was 1.36 per cent away from a high Rs 542.10 it hit in the previous session.

The new-listed company reported a revenue increase of 11.77% quarter-on-quarter (QoQ) to Rs 3,601.45 crore and a year-on-year (YoY) growth of 30.33%. However, the company posted a consolidated net loss of Rs 625.

Swiggy shares climbed following strong Q2 FY25 revenue growth, despite a reported loss of Rs 625.53 crore. Innovations like Bolt for 10-minute food delivery and Instamart expansion contributed to a 30% YoY increase in gross order value,