Zomato, Swiggy Commissions Too High? Macquarie Flags 30% Downside On Food Delivery Stocks by NDTV Profits | February 25, 2026 8:04 am | Latest Posts, Market, Trending News The brokerage has reiterated its ‘Underperform’ rating on both Eternal (Zomato’s parent entity) and Swiggy, citing valuation vulnerability if take-rates compress.