| Management target | Revenue 20.0% FY27 |
|---|
| Revenue growth | 13.4% sequential growth in the current quarter. |
|---|---|
| Margins | Targeting 5% steady-state margins in core food delivery. |
| Demand visibility | Strong visibility in Tier-1 cities; Tier-2 focus remains selective. |
| Management confidence | High, emphasizing 'Toing' as a strategic moat against new entrants. |
Growth
Food marketplace grew at 13.4% this quarter; Instamart added 1.3 million MTUs through habit-building fresh categories.
Outlook
Management maintains a 18-20% standalone guidance for Swiggy; Quick Commerce targeting double-digit sequential growth next quarter.
Risks
Intense competition from Rapido and Flipkart in value segments; quick commerce losses remain elevated despite marginal efficiency gains.
Last quarter's promises, checked
Delivered
- Guided CM breakeven → delivered close to INR30 contribution (= BEAT)
- Guided high retention levels → delivered 61% 1-month retention (= BEAT)
- Guided 18-20% YoY growth → delivered 18% adjusted growth (= BEAT)
Partly delivered
- Guided 0 to -100 bps CM flexibility → delivered -0.2% CM (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: SWIGGY. Summary written with AI assistance from the document.
Swiggy Ltd: key numbers
- Share price
- ₹183.50
- Market cap
- ₹50,652 Cr
- Revenue (annual)
- ₹23,053 Cr
- Net profit (annual)
- ₹-4,154 Cr
- P/E (TTM)
- -14.2×Sector 61.5×
- 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 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.
Swiggy Q2 FY27 Results: Net Loss of ₹922 Cr, Loss Narrows
Swiggy Ltd reported revenue from operations of ₹7,571 Cr (+36.1% YoY) and a net loss of ₹922 Cr for Q2 FY27.
- Key figure
- Net loss ₹922 Cr