Price wars: UBS cuts Eternal, Swiggy share price targets; expects rising discounts to weigh on margins
The growing intensity of discount wars in the quick commerce (QC) space is likely to delay margin recovery of the sector, highlighted Swiss investment bank UBS in its recent report. According to UBS’s pricing tracker, the discounts have expanded by 200-300 basis points compared to the levels seen in September, and they have increased further…
