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Earnings Call Transcript

Swiggy Earnings Call Transcript: Key Takeaways

Swiggy reported Q1 FY27 results with B2C GOV growing 28% YoY to INR 18,926 Cr. Management highlighted Quick Commerce hitting contribution break-even and improved EBITDA margins across segments.

Guidance and delivery
Management target Revenue 20.0% FY27
Highlights
Revenue growth34% YoY
MarginsQuick Commerce hit break-even; Food delivery EBITDA margin at 3.1%.
Demand visibilityStrong organic growth driven by differentiated assortment strategy.
Management confidenceHigh regarding profitability transition and competitive positioning.

Growth

Revenue grew 34% YoY to INR 7,112 Cr; Food delivery GOV grew 17.4% YoY; Out-of-home GOV rose 45% YoY.

Outlook

Targets INR 10,000 Cr annualized Dineout GOV in 2 years; plans to add ~75 stores in Q2 FY27.

Risks

Seasonal monsoon impacts, annual salary increments, and LPG supply disruptions affecting restaurant operations were noted as headwinds.

Last quarter's promises, checked

Delivered

  • Guided Quick Commerce contribution breakeven in Q1 FY27 → delivered Breakeven (= BEAT)
  • Guided 18-20% medium-term Food Delivery growth → delivered 17.4% YoY (= PARTIAL)
  • Guided store additions for densification → delivered ~75 stores planned for Q2 (= BEAT)

Partly delivered

  • Guided EBITDA breakeven in 4 quarters from Q4 FY26 → delivered -0.2% margin (= PARTIAL)
Source

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

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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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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