$SWIGGY

The Indian food delivery market is experiencing a downturn as orders decline, attributed to a crisis involving liquefied petroleum gas (LPG). This crisis has likely disrupted supply chains and increased delivery costs, leading to decreased consumer spending on food delivery services. Major players in the market, such as Zomato and Swiggy, are expected to face financial strain as demand wanes. The operational challenges posed by rising costs and potential regulatory approaches to deal with the crisis may further impact profitability in the short term. Investors should be cautious about exposure to this sector as the ordering trends may not rebound quickly.