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Earnings Call

Swiggy Earnings Call: Key Takeaways

Swiggy reported robust FY26 results with food delivery EBITDA crossing INR 1,000 Cr. Revenue surged 45% YoY to INR 6,383 Cr while quick commerce losses narrowed.

Highlights
Revenue growthOverall revenue surged 45% YoY to INR 6,383 Cr.
MarginsFood delivery margins hit lifetime highs; Instamart contribution margins improving.
Demand visibilityStrong engagement across user cohorts and larger basket sizes in Instamart.
Management confidenceHigh; 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)
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