ALFA Finder| Revenue growth | Overall revenue surged 45% YoY to INR 6,383 Cr. |
|---|---|
| Margins | Food delivery margins hit lifetime highs; Instamart contribution margins improving. |
| Demand visibility | Strong engagement across user cohorts and larger basket sizes in Instamart. |
| Management confidence | High; CEO highlights strongest food delivery growth in four years. |
Growth
Revenue grew 45% YoY; Food delivery GOV up 22.6%. Instamart GOV surged 68.8% with improving contribution margins.
Outlook
Management remains on track for quick commerce contribution margin breakeven as they enter FY27.
Risks
Quick commerce remains loss-making at INR 858 Cr for the quarter despite margin improvements.
Last quarter's promises, checked
Delivered
- Guided 18-20% Food Delivery growth → delivered 22.6% (= BEAT)
- Guided Food Delivery EBITDA 5% → delivered lifetime highs (= BEAT)
- Guided QC contribution breakeven by FY27 → delivered on track (= BEAT)
Partly delivered
- Guided QC store densification → delivered 7 new stores (= PARTIAL)
Earnings Call filed with NSE, NSE: SWIGGY. Summary written with AI assistance from the document.
Swiggy Ltd: key numbers
- Share price
- ₹192.06
- Market cap
- ₹53,015 Cr
- Revenue (annual)
- ₹23,053 Cr
- Net profit (annual)
- ₹-4,154 Cr
- P/E (TTM)
- -14.8×Sector 66.2×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 8.86%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Swiggy Ltd
All →Swiggy Capital Structure Change
Nippon India Mutual Fund bought about 0.18% of Swiggy, lifting its stake from 4.99% to 5.17%. The disclosure is a non-promoter Reg 29(1) filing covering open-market purchases through October 26, 2026.
- Execution
- Purchase transactions from November 13, 2024 to October 26, 2026
Swiggy Annual General Meeting
Swiggy's postal ballot seeks shareholder approval to re-appoint two independent directors, Anand Kripalu and Suparna Mitra. E-voting runs until 27 Nov 2026.
Swiggy Other Announcement
Swiggy Limited submitted the Monitoring Agency Report for the quarter ended September 30, 2026, regarding the utilization of IPO and QIP proceeds.
Swiggy Earnings Call Transcript: Key Takeaways
Swiggy is pivoting back to growth, leveraging 'Toing' for affordable food delivery to expand the market while Instamart focuses on high-frequency habit building.
- Call
- Guides 20% growth
Swiggy Results Update
Swiggy's Q2 FY27 letter reports B2C GOV of ₹20,793 Cr and Adjusted Revenue of ₹7,909 Cr. Food delivery EBITDA reached a record ₹341 Cr at 3.4% margin.
Swiggy Management Change
Swiggy's board approved re-appointment of Anand Kripalu and Suparna Mitra as Non-Executive Independent Directors for five-year terms. Both appointments are subject to shareholder approval.