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Eternal, Swiggy Shares Fall 1.5% Amid Commercial LPG Crisis

Zomato and Swiggy
Hoteliers say many restaurants may be forced to shut temporarily.

Shares of food delivery giants Eternal and Swiggy fell 1.5% on 10th March after reports that India’s food-service sector is facing a potential disruption due to a shortage of commercial LPG cylinders.

Industry bodies have warned that existing supplies may last only about a week, raising concerns over possible restaurant shutdowns. This could directly impact food-delivery platforms such as Zomato and Swiggy, which rely on thousands of restaurants operating without interruption.

Distributors in several regions have reportedly begun withholding commercial LPG supplies, disrupting the food-service sector. In Bengaluru, commercial gas deliveries have reportedly come to a complete halt.

Hoteliers say many restaurants may be forced to shut temporarily, as kitchens cannot operate without LPG. Such closures could reduce order availability on food-delivery apps, affect fulfilment capacity and limit menu choices for users.

For the December quarter, Eternal reported a net profit of Rs 102 crore. Revenue rose to Rs 16,315 crore, supported by growth in its quick commerce business.

Meanwhile, Swiggy Ltd reported a net loss of Rs 1,065 crore for the December quarter. This is wider than the Rs 800 crore loss recorded in the same period last year. The company had also posted a loss of Rs 1,092 crore in the September quarter.

At 1:27 PM, Eternal was down 1.33% at Rs 226.50, while Swiggy was down 1.59% at Rs 296.45 on the NSE.

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