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Earnings Call

Swiggy Earnings Call: Key Takeaways

Swiggy reported strong Q3 FY26 results with Food Delivery GOV up 20.5% and Instamart (Quick Commerce) GOV surging 103% YoY, driven by order value growth and network expansion.

Highlights
Revenue growthInstamart GOV grew 103% YoY; Food Delivery GOV up 20.5%.
MarginsFood delivery Adjusted EBITDA margin reached 3.0%, a two-year high.
Demand visibilityStrong traction in quick commerce and deepening wallet penetration.
Management confidenceConfident, highlighting successful QIP and robust cash reserves for growth.

Growth

Food delivery MTUs grew 22%; Instamart AOV jumped 39.7% YoY. Instamart margins improved to -2.5% on operating leverage.

Outlook

Long-term approach focuses on reaching contribution margin breakeven through disciplined fiscal prudence and differentiated assortment.

Risks

Quick Commerce remains loss-making with an INR 908 Cr Adjusted EBITDA loss this quarter.

Source

Earnings Call filed with NSE, NSE: SWIGGY. Summary written with AI assistance from the document.

Read the document ↗

Swiggy Ltd: key numbers

Share price
₹264.85
Market cap
₹73,107 Cr
Revenue (annual)
₹23,053 Cr
Net profit (annual)
₹-4,154 Cr
P/E (TTM)
-19.5×Sector 67.6×
Promoter holding
0.00%+0.00% QoQ
FII holding
13.96%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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17:09 IST NSE
Merger & Restructuring

Swiggy Merger & Restructuring Worth ₹492.2 Cr

Swiggy is selling its stake in Lynks Logistics Limited to Trustroot Internet Private Limited via a share swap. The transaction is valued at ₹492.17 Crore.

Value
₹492.2 Cr