# SWIGGY (SWIGGY) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/swiggy

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹279
- Change: +0.90%
- As of: 2026-09-18
- 1D return: -1.25%
- 5D return: -2.13%
- 1M return: -2.13%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 17, 2026, the stock is trading at ₹276.5, showing a mixed technical picture across different timeframes. The daily timeframe indicates a bullish Supertrend, with the price above this indicator, suggesting some underlying strength. However, the price is below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), indicating short-term headwinds. The weekly timeframe presents a bearish Supertrend, with the price below it, and the price is also below the 20-day and 50-day EMAs and 50-day SMA, reinforcing a weaker short-term trend. The monthly timeframe aligns with the weekly view, showing a bearish Supertrend and the price below key moving averages, suggesting a longer-term bearish bias.

Recent activity includes an active "Bearish Engulfing Reversal" pattern on the weekly chart as of September 17, 2026. On September 4, 2026, there was an "EXTREME" volume anomaly with an upward price move, accompanied by a significant volume ratio of 13.14 on the daily timeframe and 3.88 on the weekly timeframe. The stock is currently positioned near the middle of its recent trading range, with support identified around ₹275.65 and resistance near ₹280.8.

The stock exhibits an annualized volatility of 0.43 and a current drawdown of -0.5. Key watch conditions include monitoring the ₹275.65 support level for potential downside and the ₹280.8 resistance level for upward movement. A sustained break above resistance could signal a shift in momentum, while a close below support may indicate further weakness.

- The stock closed at ₹276.5 on September 17, 2026, with a mixed technical outlook across daily, weekly, and monthly timeframes.
- Daily trend shows a bullish Supertrend, but price is below key short-term moving averages (20-day EMA/SMA, 50-day EMA/SMA).
- Weekly and monthly trends indicate bearish Supertrends with prices below key moving averages.
- An active "Bearish Engulfing Reversal" pattern was noted on the weekly chart on September 17, 2026.
- Nearest support is observed around ₹275.65, with resistance identified near ₹280.8.

- Bearish Engulfing Reversal
- Outside Bar
- Doji
- Harami
- Inside Bar
- Bullish Engulfing Reversal

### News Context

Swiggy introduced an "Early Cashout" feature for its Food Marketplace delivery partners across more than 720 cities on September 17, 2026. This new functionality allows delivery personnel to withdraw their earnings before the standard weekly payouts, potentially offering greater financial flexibility.

In separate analyst commentary, Kotak issued a "buy" recommendation for Swiggy on September 18, 2026, while also noting two factors that could influence muted sentiment for its Instamart service. Among 30 analysts covering Swiggy, 21 recommend a "buy," six suggest a "hold," and three advise a "sell."

- Swiggy launched "Early Cashout" for Food Marketplace delivery partners in over 720 cities on September 17, 2026, enabling withdrawals before weekly payouts.
- On September 18, 2026, Kotak recommended a "buy" on Swiggy but highlighted two factors that might affect Instamart sentiment.
- As of September 18, 2026, Swiggy has a "buy" rating from 21 out of 30 analysts, with six rating it "hold" and three rating it "sell."

- Kotak says 'buy Swiggy' but flags two factors that could keep Instamart sentiments muted
- NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
- Swiggy delivery partners can access earnings early with new cashout feature
- Exclusive | Big change soon in how people earn, invest as salaried white-collar jobs set to decline: Saurabh Mukherjea | Mint
- Amazon Pay India looks beyond UPI market share to drive next growth phase, CEO says

### What Changed

Recent developments for Swiggy show a mixed picture, with a new feature for delivery partners and analyst sentiment data contrasting with the broader market context of the NSE's significant IPO. On September 17, 2026, Swiggy's stock price saw a modest increase to ₹276.5 from ₹270.5 the previous day. In terms of analyst opinions, a review of 30 analysts covering Swiggy indicates that 21 recommend a "buy," six suggest a "hold," and three advise a "sell." Separately, Swiggy launched an "Early Cashout" feature for its Food Marketplace delivery partners across over 720 cities, enabling them to access earnings before the standard weekly payouts. This operational enhancement occurred against the backdrop of the National Stock Exchange (NSE) completing its IPO, which ranked as India's second-largest issue at ₹22,561.57 crore, attracting 189 anchor investors.

- Swiggy's stock price increased to ₹276.5 on September 17, 2026, from ₹270.5.
- As of September 18, 2026, 21 out of 30 analysts covering Swiggy have a "buy" rating.
- Swiggy introduced an "Early Cashout" feature for delivery partners on September 17, 2026.
- The NSE completed its IPO, India's second-largest, on September 17, 2026.

- Kotak says 'buy Swiggy' but flags two factors that could keep Instamart sentiments muted
- NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
- Swiggy delivery partners can access earnings early with new cashout feature

### Official Filings

Swiggy Limited has disclosed plans to divest its entire stake in Lynks Logistics Limited, a step-down subsidiary, through a share swap with Trustroot Internet Private Limited (TIPL). This transaction, expected to conclude by October 22, 2026, involves TIPL issuing Series R Compulsorily Convertible Preference Shares to Swiggy's wholly owned subsidiary, Swiggy Networks Limited. The rationale for this divestment is linked to Lynks Logistics having nil revenue and a negative net worth of ₹11 lakh as of March 31, 2026. The business being transferred contributed ₹668 crore in revenue, representing 2.90% of Swiggy's consolidated revenue, and net assets of ₹500 crore, or 2.73% of its consolidated net worth, in the last financial year. Separately, Swiggy has been actively engaging with investors, participating in conferences in New York, Gurugram, and Mumbai throughout September 2026. The company also held its 13th Annual General Meeting on August 18, 2026, where shareholders approved all seven resolutions, including the adoption of financial statements for the fiscal year ending March 31, 2026, and a cap on foreign ownership at 49.50%. Earlier in August, Swiggy presented its Q1 FY27 performance and outlined its FY31 vision, projecting ₹10,000 crore in Adjusted EBITDA and ₹2.5 Lakh crore in consolidated Gross Order Value (GOV), with specific targets for its Food Delivery, Dineout, and Instamart businesses. The company reported a debt-free status with a cash balance of ₹14,400 crore as of August 6, 2026.

- On September 7, 2026, Swiggy Limited announced agreements to sell its stake in Lynks Logistics Limited via share swap, expected to close by October 22, 2026.
- The divested business contributed ₹668 crore in revenue (2.90% of consolidated) and ₹500 crore in net assets (2.73% of consolidated) for the last financial year.
- Swiggy participated in investor meetings in New York (September 8-9), Gurugram (September 17), and Mumbai (September 21) in September 2026.
- On August 18, 2026, shareholders approved all resolutions at the 13th Annual General Meeting, including FY26 financial statements and a 49.50% foreign ownership cap.
- As of August 6, 2026, Swiggy reported a debt-free status with ₹14,400 crore in cash and outlined an FY31 vision targeting ₹10,000 crore Adjusted EBITDA and ₹2.5 Lakh crore consolidated GOV.

- Swiggy Limited has informed the Exchange about the sale/disposal of stake in step down wholly owned subsidiary of the Company. |SUBJECT: Agreements
- Swiggy Limited has informed the Exchange about Schedules of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Swiggy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 18, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results. |SUBJECT: Shareholders meeting
- MEETING DATE : 18-AUG-2026

### Fundamentals

Swiggy's revenue from operations has shown a consistent upward trend across the reported periods. Revenue grew from ₹6,148 crore in Q3 FY2025-26 to ₹6,383 crore in Q4 FY2025-26, and further to ₹6,812 crore in Q1 FY2026-27. Despite this revenue growth, the company has continued to report losses before tax. The loss before tax narrowed from -₹1,064 crore in Q3 FY2025-26 to -₹799 crore in Q4 FY2025-26, and then to -₹790 crore in Q1 FY2026-27. This indicates that while revenue is increasing, expenses have also risen, although at a pace that has allowed for a reduction in the pre-tax loss on a sequential basis. Expenses increased from ₹7,298 crore in Q3 FY2025-26 to ₹7,813 crore in Q1 FY2026-27. Finance costs have remained relatively stable, hovering around ₹53-₹56 crore per quarter. The paid-up equity share capital has seen a marginal increase, from ₹260 crore in Q3 FY2025-26 to ₹262 crore in Q1 FY2026-27.

Key areas to monitor include the company's ability to translate revenue growth into profitability, the trend in overall expenses relative to revenue, and the continued reduction of pre-tax losses. The stability in finance costs suggests that debt servicing is not a primary driver of the current losses.

- Revenue From Operations increased sequentially from ₹6,148 crore in Q3 FY2025-26 to ₹6,812 crore in Q1 FY2026-27.
- Profit Before Tax losses narrowed sequentially from -₹1,064 crore in Q3 FY2025-26 to -₹790 crore in Q1 FY2026-27.
- Expenses increased from ₹7,298 crore in Q3 FY2025-26 to ₹7,813 crore in Q1 FY2026-27.
- Finance Costs remained stable, between ₹53 crore and ₹56 crore from Q3 FY2025-26 to Q1 FY2026-27.
- Paid Up Value Of Equity Share Capital increased marginally from ₹260 crore in Q3 FY2025-26 to ₹262 crore in Q1 FY2026-27.

### Bull Case

The company's operating performance shows some positive technical indicators on a daily basis. The Supertrend indicator is currently "bullish," suggesting upward momentum. Additionally, the 50-day Simple Moving Average (SMA 50) slope over 5 days is positive, indicating a recent upward trend in the medium term. Support levels are identified at ₹275.65, ₹272.55, ₹270.86, and ₹276.79, with resistance noted at ₹280.8, ₹283.9, ₹285.6, and ₹293.0.

- Daily Supertrend indicator is "bullish" as of 2026-09-17.
- The 5-day slope of the 50-day Simple Moving Average (SMA 50) is positive, indicating a recent upward trend.
- Nearest identified support levels are ₹275.65 and ₹272.55.
- Nearest identified resistance levels are ₹280.8 and ₹283.9.

- Kotak says 'buy Swiggy' but flags two factors that could keep Instamart sentiments muted
- NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
- Swiggy delivery partners can access earnings early with new cashout feature
- Exclusive | Big change soon in how people earn, invest as salaried white-collar jobs set to decline: Saurabh Mukherjea | Mint
- Amazon Pay India looks beyond UPI market share to drive next growth phase, CEO says

### Bear Case

The company's longer-term technical indicators suggest a cautionary outlook. The monthly trend analysis shows a bearish supertrend direction with a value of 436.59, and the 20-day exponential moving average (EMA) at 322.82 is notably higher than the current closing price of 276.5. Similarly, the weekly trend indicates a bearish supertrend at 308.98, with the 50-day simple moving average (SMA) at 314.09, also above the current price. The stock has experienced a significant year-to-date decline of -0.29 and a one-year return of -0.37. Furthermore, the company is facing a maximum drawdown of -0.57 and a current drawdown of -0.5, indicating substantial historical price depreciation.

- The monthly trend shows a bearish supertrend direction (436.59) and the 20-day EMA (322.82) is above the current close (276.5).
- The weekly trend indicates a bearish supertrend (308.98) and the 50-day SMA (314.09) is above the current close (276.5).
- The year-to-date return is -0.29 and the one-year return is -0.37.
- The stock has experienced a maximum drawdown of -0.57 and a current drawdown of -0.5.

- Kotak says 'buy Swiggy' but flags two factors that could keep Instamart sentiments muted
- NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
- Swiggy delivery partners can access earnings early with new cashout feature
- Exclusive | Big change soon in how people earn, invest as salaried white-collar jobs set to decline: Saurabh Mukherjea | Mint
- Amazon Pay India looks beyond UPI market share to drive next growth phase, CEO says

### FAQs

**What was the outcome of Swiggy Limited's 13th Annual General Meeting held on August 18, 2026?**

At the 13th Annual General Meeting on August 18, 2026, all seven resolutions presented to shareholders were approved. These included the adoption of the audited financial statements for the fiscal year ending March 31, 2026, adjustments to the authorized share capital, and a provision to limit aggregate foreign ownership to a maximum of 49.50%.

**What is the current analyst sentiment towards Swiggy, and what are the key factors influencing Instamart?**

As of the latest report, among 30 analysts covering Swiggy, 21 recommend a 'buy', six suggest a 'hold', and three advise a 'sell'. While analyst sentiment is largely positive, two factors are noted as potentially impacting sentiment around the Instamart business.

**What significant business divestment did Swiggy Limited undertake in September 2026?**

On September 7, 2026, Swiggy Limited, through its subsidiary Swiggy Networks Limited (SNL), agreed to sell its entire stake in Lynks Logistics Limited to Trustroot Internet Private Limited (TIPL). This transaction, expected to conclude by October 22, 2026, involves a share swap where TIPL will issue Series R Compulsorily Convertible Preference Shares to SNL. In the last financial year, Lynks Logistics had nil revenue and a net worth of negative ₹11 lakh. The B2B distribution business being transferred contributed ₹668 crore in revenue, representing 2.90% of Swiggy's consolidated revenue, and net assets of ₹500 crore, or 2.73% of consolidated net worth.

**What are Swiggy's stated financial targets and business growth projections as presented in August 2026?**

In an investor presentation on August 6, 2026, Swiggy reported INR 18,926 crore in B2C Gross Order Value (GOV) and an average of 27.5 million Monthly Transacting Users (MTU) for Q1 FY27. The company projects significant growth across its food delivery, quick commerce, and out-of-home consumption segments. Swiggy aims to achieve INR 10,000 crore in Adjusted EBITDA by FY31, supported by initiatives like the 'Toing' affordability platform and the 'Switch' offering.

**How has Swiggy's stock performed over different periods, and what is its current technical trend?**

As of September 17, 2026, Swiggy's stock has shown varied returns across different timeframes. It experienced a decline of 37% over the last year (return_1y) and a 29% year-to-date decrease (return_ytd). However, it saw a 7% increase in the last three months (return_3m). Technically, the daily trend is indicated as bullish with a Supertrend value of 263.27, while the weekly and monthly trends are indicated as bearish, with Supertrend values of 308.98 and 436.59, respectively.

- Kotak says 'buy Swiggy' but flags two factors that could keep Instamart sentiments muted
- NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors
- Swiggy delivery partners can access earnings early with new cashout feature
- Exclusive | Big change soon in how people earn, invest as salaried white-collar jobs set to decline: Saurabh Mukherjea | Mint
- Amazon Pay India looks beyond UPI market share to drive next growth phase, CEO says
- Swiggy Limited has informed the Exchange about the sale/disposal of stake in step down wholly owned subsidiary of the Company. |SUBJECT: Agreements
- Swiggy Limited has informed the Exchange about Schedules of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Swiggy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 18, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results. |SUBJECT: Shareholders meeting
- MEETING DATE : 18-AUG-2026
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹275.38
- Risk regime: Higher Price Risk

### Support levels
- 270.8625
- 262.4375
- 256.97

### Resistance levels
- 285.6
- 293
- 351.25

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.25% |
| return_10 | +1.39% |
| return_1m | -0.35% |
| return_1y | -38.57% |
| return_20 | -2.13% |
| return_3m | +6.68% |
| return_5 | -2.13% |
| return_6m | -8.60% |
| return_since_start | -49.65% |
| return_ytd | -30.11% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -57.09% |
| annualized_volatility | +43.15% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Outpaces Expenses, Losses Narrow

Swiggy Limited reported its financial results for the quarter ended 30 June 2026, showing a 37.3% jump in revenue from operations compared with a year earlier, while total expenses rose by a slower 25.1%. The pre-tax loss narrowed to ₹790 crore, a reduction of ₹406 crore from the same quarter last year, and was only marginally lower than the prior quarter. The gap between revenue and expense growth drove the improved bottom line.

## Revenue Continues to Rise

Revenue from operations reached ₹6,812 crore, up 6.7% from ₹6,383 crore in the preceding three months and significantly above the ₹4,961 crore recorded in the year-ago quarter. The year-on-year growth rate remained substantial, while the sequential increase continued the top-line expansion seen over recent quarters.

## Expense Growth Slower than Revenue

Total expenses were ₹7,813 crore, a 4.9% sequential increase and 25.1% higher than a year ago. The year-on-year expense growth rate was considerably lower than the revenue growth rate, which was the primary factor behind the narrower loss.

Among the major expense items, purchases of stock-in-trade amounted to ₹2,978 crore. Employee benefit expense stood at ₹662 crore, depreciation at ₹298 crore, and finance costs at ₹53 crore. Other expenses, which include delivery, marketing and technology costs, totalled ₹3,822 crore.

## Profitability Improves

Other income of ₹211 crore brought total income to ₹7,023 crore for the quarter. After accounting for total expenses of ₹7,813 crore, the pre-tax loss settled at ₹790 crore, compared with a loss of ₹799 crore in the previous quarter and ₹1,196 crore a year earlier. The year-on-year reduction represents a 34% decline in the pre-tax loss.

The net loss for the period was ₹791 crore, essentially in line with the pre-tax figure. The modest ₹9 crore sequential improvement suggests that the pace of margin expansion was relatively flat compared with the prior quarter, but the gains over the longer term are clear.

## Management Commentary

For Q1 FY27, Swiggy reported strong progress in its core businesses. Management highlighted that Food Delivery Adjusted EBITDA improved by INR 100 Cr YoY to INR 292 Cr, with GOV growing 17.4% YoY. The sequential margin dip was attributed to seasonal factors and is expected to normalize through the year. Quick Commerce achieved contribution break-even in May '26, exactly as guided a year ago. Management believes the differentiated assortment strategy will drive the next growth phase, with further EBITDA improvement from scale-led efficiencies. Toing expanded to 50 cities, with 2 out of 3 new users being new to the platform, broadening category adoption. Platform MTUs grew 27.4% YoY to 27.5 million, and Out-of-Home Consumption posted its highest-ever Adjusted EBITDA margin of 0.9% of GOV.

## Key Takeaway

Swiggy’s June quarter results demonstrate that top-line growth outpaced expense growth, cutting the pre-tax loss by more than one-third relative to the same period last year. The near-flat sequential loss highlights that the brunt of the improvement came from the year-on-year comparison, reflecting operating leverage as the business scales.

### Ratios

## Official filings

- 2026-09-07 — Generic Announcement: Swiggy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_07092026170846_SE_Intimation_Sale_of_Stake.pdf)
- 2026-09-03 — Generic Announcement: Swiggy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_03092026181639_SE_Intimation_Investor_Meeting_Signed.pdf)
- 2026-08-18 — Generic Announcement: Swiggy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_18082026194147_SE_Intimation_AGM.pdf)
- 2026-08-18 — Regulatory Filing: Swiggy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1715879_18082026081131_WEB.xml)
- 2026-08-06 — Earnings Presentation: Swiggy Limited has released an investor presentation for its Capital Markets Day on August 6, 2026. The presentation details Q1 FY27 financial performance, including INR 18,926 Cr in B2C GOV and 27.5 Mn average MTU, with projections for significant growth in its food delivery, quick commerce, and out-of-home consumption businesses. The company aims to achieve INR 10,000 Cr in Adjusted EBITDA by FY31, driven by innovation, operational excellence, and strategic initiatives like the 'Toing' affordability platform and 'Switch' proposition for enhanced consumer offerings. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_06082026090516_SE_Intimation_Capital_Markets_Day.pdf)
- 2026-08-06 — Press Release: Swiggy Limited announced its FY31 vision on August 6, 2026, aiming for ₹10,000 Cr. Adjusted EBITDA and ₹2.5 Lakh Cr. consolidated Gross Order Value (GOV). The company projects Food Delivery GOV to grow 2.5-3.5x and achieve ₹5,000 Cr. Adjusted EBITDA by FY31. Dineout's GOV is expected to reach ₹20,000-25,000 Cr. by FY31 with ₹1,000 Cr. Adjusted EBITDA, while Instamart targets ₹1.5+ Lakh Cr. GOV by FY31. Swiggy reported a cash balance of ₹14,400 Cr. and is debt-free. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_06082026101513_Covering_Letter_Press_Release.pdf)
- 2026-08-05 — Official Filing: Swiggy Limited has disclosed the transcripts of its earnings call held on July 30, 2026. The transcripts were uploaded to the company's website on August 5, 2026, at 15:55:00. Prior intimation of this call was provided to the exchange on July 20, 2026.
- 2026-08-05 — Generic Announcement: Swiggy Limited has submitted the transcript of its Q1 FY27 Earnings Conference Call held on July 30, 2026. The call discussed strategies for quick commerce, including achieving contribution margin breakeven and focusing on growth, with management indicating flexibility to operate within a 0 to -100 bps contribution margin range. Discussions also covered take rate improvements driven by monetization across brand negotiations, advertising, and user fees, and the company's outlook on food delivery competition and the sustainability of its marketplace model. Management addressed impacts of wage hikes and last-mile costs, and provided insights into the company's approach to private brands and platform innovations like 'Toing'. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_05082026155737_SE_intimation_transcript.pdf)
- 2026-07-31 — Generic Announcement: Swiggy Limited has published its unaudited financial results for the quarter ended June 30, 2026, in the Financial Express and Vijaya Karnataka newspapers on July 31, 2026, as per SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_31072026180337_Newspaper_publication_signved.pdf)
- 2026-07-31 — Generic Announcement: Swiggy Limited has made the audio recording of its conference call for analysts and investors, held on July 30, 2026, available on its corporate website. This disclosure is in compliance with Part A of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_31072026145718_Earnings_call_outcome.pdf)
- 2026-07-30 — Generic Announcement: Swiggy Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, on July 30, 2026. The company reported a consolidated loss of ₹792 crore and total comprehensive loss of ₹792 crore for the quarter. The statutory auditors issued an unmodified review report on these results. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_30072026153914_SE_intimation_Outcome_Signed.pdf)
- 2026-07-30 — Press Release: Swiggy reported unaudited financial results for the quarter ended June 30, 2026, on July 30, 2026. The company's overall revenue grew 34.0% year-over-year to INR 7,112 crore. Swiggy Food Delivery saw Gross Order Value (GOV) grow 17.4% YoY to INR 9,490 crore, with Adjusted EBITDA increasing INR 100 crore YoY to INR 292 crore. Quick Commerce GOV grew 39.8% YoY to INR 7,907 crore, achieving contribution break-even in May 2026, though posting an overall loss of INR 778 crore for the quarter. Out-of-Home Consumption reported GOV growth of 44.8% YoY and Adjusted EBITDA margins of 0.9% of GOV. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_30072026154310_Press_Release_-_signed.pdf)
- 2026-07-30 — Generic Announcement: Swiggy Limited announced that its Quick Commerce business achieved contribution margin break-even in May 2026, meeting a target set a year prior. For Q1 FY27, Quick Commerce reported a contribution margin of -0.2% of GOV, a 440 bps year-on-year improvement, with Adjusted EBITDA losses narrowing by INR 80 Cr sequentially to INR 778 Cr. The company's Food Delivery segment saw GOV grow 17.4% year-on-year to INR 9,490 Cr, with Monthly Transacting Users (MTUs) increasing 17.8% year-on-year to 19.2 million, and Adjusted EBITDA margins at 3.1% of GOV, resulting in a profit of INR 292 Cr. The Out-of-Home Consumption segment reported GOV growth of 44.8% year-on-year to INR 1,529 Cr, with Adjusted EBITDA margins improving to 0.9% of GOV. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_30072026154100_Covering_Letter_Letter_to_Shareholders_-_signed.pdf)
- 2026-07-30 — Generic Announcement: Swiggy Limited submitted Monitoring Agency Reports for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Initial Public Offer (IPO) and Qualified Institutional Placement (QIP). CRISIL Ratings Limited, the monitoring agency, confirmed that utilization of IPO proceeds was in line with disclosures, with Rs 5,663.21 million unutilized. For the QIP, utilization was also in line with disclosures, with Rs 86,704.82 million unutilized, and a delay noted in the utilization for the quick commerce fulfillment network due to invoice processing issues. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_30072026180643_SE_Monitoring_Agency_Report_Signed.pdf)
- 2026-07-28 — Generic Announcement: Mr. Amitesh Kumar Jha resigned as CEO of Instamart on July 28, 2026, to pursue other opportunities. Ms. Nandita Sinha was appointed as the new CEO of Instamart, effective August 3, 2026. Ms. Sinha previously served as CEO of Myntra and has over 20 years of experience in consumer businesses. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_28072026122421_SE_intimation_-_Change_in_SMP_Signed.pdf)
- 2026-07-28 — Official Filing: On July 28, 2026, Swiggy Limited reported a change in senior management personnel for the listed entity. Amitesh Kumar Jha resigned from his position as CEO - Instamart, effective July 28, 2026. Concurrently, Nandita Sinha was appointed as the new CEO - Instamart, with her effective date of change being August 3, 2026. Nandita Sinha previously served as CEO of Myntra and has over two decades of experience in consumer businesses.
- 2026-07-27 — Generic Announcement: Swiggy Limited has published newspaper advertisements in Financial Express and Vijaya Karnataka to inform shareholders about the 13th Annual General Meeting. The meeting is scheduled for August 18, 2026, at 3:00 p.m. IST and will be conducted via Video Conferencing or Other Audio-Visual Means, in compliance with SEBI Listing Regulations and the Companies Act, 2013. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_27072026115934_SE_intimation_-_Newspaper_Publication.pdf)
- 2026-07-24 — Generic Announcement: Swiggy Limited has submitted its Business Responsibility and Sustainability Report for FY 2025-26, including an Independent Practitioners’ Limited Assurance Report from Grant Thornton Bharat LLP. The report details environmental initiatives such as avoiding 13,308 tonnes of CO2 emissions through electrification and reducing 8.9 million kilometers traveled via the Eco-Saver feature. It also highlights social impact, including over ₹21 crore disbursed in insurance claims to delivery partners in FY 2025-26, and external recognition with an 'AA' rating from MSCI ESG Ratings and 'Leader' status from NSE Sustainability Ratings. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_24072026140021_SE_Intimation_BRSR.pdf)
- 2026-07-24 — Official Filing: Swiggy Limited will hold its first Annual General Meeting on August 18, 2026, at 15:00:00 in Bangalore, conducted via video conference. The agenda includes adopting audited standalone and consolidated financial statements for the year ended March 31, 2026, appointing Mr. Ashutosh Sharma as a Non-Executive Nominee Director until March 31, 2030, re-classifying authorized share capital, approving a 49.50% cap on aggregate foreign ownership, and altering the Memorandum and Articles of Association.
- 2026-07-23 — Generic Announcement: The Board of Directors of Swiggy Limited, in a meeting held on July 23, 2026, approved the convening of the 13th Annual General Meeting on August 18, 2026. Key resolutions to be presented to shareholders include a cap on aggregate foreign ownership at 49.50%, alteration of the Articles of Association to qualify as an Indian owned and controlled company, and reclassification of authorised preference share capital into authorised equity share capital. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_23072026162740_SE_Intimation_Signed.pdf)
- 2026-07-23 — Generic Announcement: The Board of Directors of Swiggy Limited, in a meeting held on July 23, 2026, approved the convening of the 13th Annual General Meeting on August 18, 2026. Key resolutions to be presented to shareholders include a cap on aggregate foreign ownership at 49.50%, alteration of the Articles of Association to qualify as an Indian owned and controlled company, and reclassification of authorised preference share capital into authorised equity share capital. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_23072026162532_SE_Intimation_Signed.pdf)
- 2026-07-20 — Official Filing: Swiggy Limited will hold a board meeting on July 30, 2026, to consider its unaudited quarterly financial results for the period ended June 2026. The trading window for the company's securities will be closed from July 1, 2026, to August 1, 2026.
- 2026-07-20 — Official Filing: Swiggy Limited will hold an Earning/Quarterly Call on July 30, 2026, at 17:00 IST to discuss financial results for the quarter ended June 30, 2026. The virtual meeting, hosted by Chorus Call, will include Managing Director & Group CEO Sriharsha Majety and will be accessible via a provided web link. Contact person for this intimation is Sumant Sharma.
- 2026-07-20 — Generic Announcement: Swiggy Limited will hold a conference call for analysts and investors on July 30, 2026, at 17:00 IST to discuss the company's financial results for Q1 and FY27. The call details are available on the company's website and were submitted in compliance with SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/SWIGGY_20072026192019_Earningscall_Q1FY27.pdf)

## News and market events

- 2026-09-18 — CNBC-TV18: **Kotak says 'buy Swiggy' but flags two factors that could keep Instamart sentiments muted** — Among the 30 analysts who have coverage on Swiggy, 21 have a "buy" rating, six have a "hold" rating and three have a "sell" rating. — [Source](https://www.cnbctv18.com/market/swiggy-share-price-kotak-says-buy-but-flags-issues-instamart-sentiments-valuations-target-19993314.htm)
- 2026-09-17 — Economic Times: **NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors** — NSEs Rs 22,561.57 crore IPO ranks as Indias second-largest, behind Hyundai Motor India. The exchange attracted 189 anchor investors and raised Rs 6,746.18 crore before opening for public subscription, making it the second-highest in the historical anchor investor comparison. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nse-enters-indias-mega-ipo-club-2nd-largest-issue-2nd-highest-anchor-count-with-189-investors/articleshow/134312636.cms)
- 2026-09-17 — CNBC-TV18: **Swiggy delivery partners can access earnings early with new cashout feature** — Swiggy launched "Early Cashout" for Food Marketplace delivery partners in over 720 cities, allowing them to withdraw earnings before weekly payouts. — [Source](https://www.cnbctv18.com/personal-finance/swiggy-delivery-partners-can-access-earnings-early-with-new-cashout-feature-19992932.htm)
- 2026-09-17 — Mint: **Exclusive | Big change soon in how people earn, invest as salaried white-collar jobs set to decline: Saurabh Mukherjea | Mint** — Artificial intelligence is raising concerns for repetitive white-collar roles. Saurabh Mukherjea suggests that many jobs could be automated soon, reshaping the employment landscape and promoting a shift towards gig work, particularly in India. Details here. — [Source](https://www.livemint.com/economy/exclusive-big-change-soon-in-how-people-earn-invest-as-salaried-white-collar-jobs-set-to-decline-saurabh-mukherjea-11789541524926.html)
- 2026-09-17 — MONEYCONTROL: **Amazon Pay India looks beyond UPI market share to drive next growth phase, CEO says** — Amazon Pay India, CEO, Vikas Bansal, UPI, digital credit, insurance, loans, Google Pay, PhonePe — [Source](https://www.moneycontrol.com/news/business/banks/amazon-pay-india-looks-beyond-upi-market-share-to-drive-next-growth-phase-ceo-says-14031938.html)
- 2026-09-16 — MONEYCONTROL: **Amazon launches Alexa+ in India for free : Brings Generative AI assistant supports to Echo and Alexa-enabled devices** — Alexa+ launched in india, how to enable alexa+ — [Source](https://www.moneycontrol.com/technology/amazon-launches-alexa-in-india-for-free-brings-generative-ai-assistant-supports-to-echo-and-alexa-enabled-devices-article-14031337.html)
- 2026-09-16 — Economic Times: **Amazon launches Alexa+ in India with generative AI, Hinglish and smarter voice controls** — Amazon has launched its generative AI-powered Alexa+ assistant in India. This new version offers more conversational voice interactions and personalized responses. Alexa+ understands natural conversation and can perform various everyday tasks for users. It is designed to recognize Indian languages and cultural references effectively. The service is currently available for eligible customers under an early access program. — [Source](https://economictimes.indiatimes.com/industry/cons-products/electronics/amazon-launches-alexa-in-india-with-generative-ai-hinglish-and-smarter-voice-controls/articleshow/134284075.cms)
- 2026-09-16 — Economic Times: **Swiggy delivery partners get access to Hero MotoCorp vehicles and financing via app** — Swiggy and Hero MotoCorp have partnered to offer delivery partners vehicle access.  Delivery partners can select Hero MotoCorp vehicles and financing through the Swiggy app.  This collaboration provides loans with up to ninety percent loan-to-value ratios.  Road safety training programs are also included for all Swiggy delivery partners.  The initiative aims to enhance safety and vehicle accessibility for delivery personnel. — [Source](https://cio.economictimes.indiatimes.com/news/corporate-news/swiggy-delivery-partners-get-access-to-hero-motocorp-vehicles-and-financing-via-app/134276218)
- 2026-09-15 — FREEPRESSJOURNAL.IN: **Amazon Now Crosses $1 Billion Annualised Revenue In India, Eyes 100 Cities By Diwali** — Amazon Now has crossed $1 billion in annualised gross revenue in India and plans to expand to 100 cities by Diwali in November. The service currently operates in more than 60 towns and cities, with Amazon saying orders have doubled every quarter since its launch. The expansion intensifies competition with Blinkit, Zepto, Swiggy and Flipkart. — [Source](https://www.freepressjournal.in/business/amazon-now-crosses-1-billion-annualised-revenue-in-india-eyes-100-cities-by-diwali)
- 2026-09-15 — Economic Times: **High Demand Turns Cart Wheels at Big Festive Bash** — Consumer demand in India scaled a five-year high in the first phase of the festive season, lifting hopes of manufacturers across categories including home appliances, automobiles, apparel and footwear. — [Source](https://economictimes.indiatimes.com/epaper/delhicapital/2026/sep/15/et-front/high-demand-turns-cart-wheels-at-big-festive-bash/articleshow/134247879.cms)
- 2026-09-14 — BUSINESSTODAY: **Zomato adds a new charge for cash payments: Here's what customers choosing COD need to know** — Zomato cash on delivery fee, Pay on Delivery charge India, Zomato delivery charges, food delivery payment fees, Zomato online payment incentive, Zomato new charges India, food delivery platform fees — [Source](https://www.businesstoday.in/india/story/zomato-adds-a-new-charge-for-cash-payments-heres-what-customers-choosing-cod-need-to-know-555369-2026-09-14)
- 2026-09-13 — Mint: **Flipkart tests ‘Eat-In’ food delivery service in Bengaluru: What is it? Benefits and more explained | Company Business News** — Flipkart is piloting its food delivery service, Eat In, for employees in Bengaluru, with plans to expand to all employees by September 15. It is developing Eat In in partnership with the Open Network for Digital Commerce (ONDC), — [Source](https://www.livemint.com/companies/news/flipkart-tests-eat-in-food-delivery-service-in-bengaluru-what-is-it-benefits-and-more-explained-11789292689105.html)
- 2026-09-12 — Mint: **Paying cash for Zomato orders? You may now have to pay a separate fee | All you need to know** — Zomato introduces a cash-on-delivery fee, increasing costs for customers paying in cash. The fee varies based on order value and other factors. Rivals like Swiggy do not impose similar charges, while Zomato continues to raise fees to boost its monetisation strategy amidst growing market competition. — [Source](https://www.livemint.com/companies/news/paying-cash-for-zomato-orders-you-may-now-have-to-pay-a-separate-fee-all-you-need-to-know-11789211057442.html)
- 2026-09-12 — FREEPRESSJOURNAL.IN: **Zomato Introduces ₹5 Pay On Delivery Fee Amid Rising Food Delivery Competition** — Zomato has started charging customers an additional fee for cash-on-delivery orders, introducing a new “Pay on delivery fee” alongside existing charges. The move comes as food delivery competition intensifies with new players entering the market. Even small fees could generate significant revenue given Zomato’s large daily order volumes — [Source](https://www.freepressjournal.in/business/zomato-introduces-5-pay-on-delivery-fee-amid-rising-food-delivery-competition)
- 2026-09-12 — Times of India: **Zomato introduces additional fee for cash-on-delivery orders** — img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/134124148.cms" / — [Source](https://timesofindia.indiatimes.com/business/india-business/zomato-introduces-additional-fee-for-cash-on-delivery-orders/articleshow/134124148.cms)
- 2026-09-12 — Orissa POST: **Zomato begins charging customers up to Rs 20 'cash on delivery' fees - OrissaPOST** — New Delhi: Eternal-backed food delivery platform Zomato has begun charging customers an additional fee of Rs 5 to Rs 20 for choosing cash on delivery (COD) as the company seeks to monetise payment methods amid intensifying competition. The ‘pay on delivery fee’ shown separately on the app’s bill summary appears to be levied on orders […] — [Source](https://www.orissapost.com/zomato-begins-charging-customers-up-to-rs-20-cash-on-delivery-fees)
- 2026-09-12 — IANSLIVE.IN: **Zomato begins charging customers up to Rs 20 'cash on delivery' fees** — New Delhi, Sep 12 (IANS) Eternal-backed food delivery platform Zomato has begun charging customers an additional fee of Rs 5 to Rs 20 for choosing cash on delivery (COD) as the company seeks to monetise payment methods amid intensifying competition. — [Source](https://ianslive.in/zomato-begins-charging-customers-up-to-rs-20-cash-on-delivery-fees--20260912135908)
- 2026-09-12 — MONEYCONTROL: **Zomato begins charging Rs 5 for cash on delivery orders in latest monetisation drive** — Zomato, food delivery, Eternal, platform fee, Zomato fee — [Source](https://www.moneycontrol.com/news/business/startup/zomato-begins-charging-rs-5-for-cash-on-delivery-orders-in-latest-monetisation-drive-14028398.html)
- 2026-09-11 — MONEYCONTROL: **'Quick commerce won’t last 20 years with humans': TVS' Gopal Srinivasan on current hot market themes** — quick commerce, tech manufacturing, gopal srinivasan, TVS capital funds — [Source](https://www.moneycontrol.com/news/business/markets/quick-commerce-won-t-last-20-years-with-humans-tvs-gopal-srinivasan-on-current-hot-market-themes-14028072.html)
- 2026-09-11 — Economic Times: **Flipkart Minutes sees path to profitability, plans 100 new fulfilment centres every month** — With its sights set on aggressive growth, Flipkart Minutes is swiftly enhancing its operations and bolstering financial results. The initiative aims to roll out multiple new fulfillment centers monthly while keeping profitability at the forefront. An increased emphasis on non-grocery products and reaching smaller urban areas are becoming key to its expansion. In parallel, Flipkart is exploring a dedicated app and crafting private-label merchandise. — [Source](https://economictimes.indiatimes.com/industry/services/retail/flipkart-minutes-sees-path-to-profitability-plans-100-new-fulfilment-centres-every-month/articleshow/134049845.cms)
- 2026-09-11 — The Hindu: **India’s quick commerce battle shifts from speed to assortment: UBS** — India’s online retail market could reach $200 billion by FY31 as quick commerce and e-commerce converge and assortment becomes more important than speed. — [Source](https://www.thehindubusinessline.com/economy/e-commerce-not-quick-commerce-ubs-navin-killa-says-the-10-minute-delivery-race-is-over/article71453161.ece)
- 2026-09-11 — Times of India: **Small towns power Quick-commerce biz for Flipkart** — img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/134037812.cms" / — [Source](https://timesofindia.indiatimes.com/business/india-business/small-towns-power-quick-commerce-biz-for-flipkart/articleshow/134037812.cms)
- 2026-09-10 — BUSINESSTODAY: **Swiggy’s LYNK exit: non-core asset cleanup, with a bet on Udaan’s IPO** — Swiggy’s LYNK exit: non-core asset cleanup, with a bet on Udaan’s IPO — [Source](https://www.businesstoday.in/latest/corporate/story/swiggys-lynk-exit-non-core-asset-cleanup-with-a-bet-on-udaans-ipo-554675-2026-09-10)
- 2026-09-10 — The Hindu: **Sensex today | Stock Market Highlights: Sensex rises 138 pts, Nifty closes at 23,477 as crude oil surge, geopolitical tensions weigh on sentiment** — Sensex, Nifty, Stock Price Highlights: Indian equity markets closed marginally higher on Thursday, with benchmark indices ‘eking out gains’ despite Brent crude oil prices climbing to around $102 per barrel, as investors remained cautious amid geopolitical tensions and inflation concerns. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-10th-september-2026/article71448206.ece)
- 2026-09-10 — Mint: **Swiggy, Jindal Steel among stocks to buy? Kotak Securities' expert bullish on 3 shares for short term | Do you own any?** — Stocks to buy: Kotak Securities' Amol Athawale identifies three stocks—Swiggy, Cummins India, and Jindal Steel—that traders should consider in the short term. With specific targets and strategic stop-loss levels, these tips could help navigate the volatility. — [Source](https://www.livemint.com/market/stock-market-news/swiggy-jindal-steel-among-stocks-to-buy-kotak-securities-expert-bullish-on-3-shares-for-short-term-do-you-own-any-11789026733235.html)

## Business profile

**Strategic vision:** Online food ordering, delivery, and quick commerce platform.

### Business segments
- **Food Delivery:** Allows users to order food from a wide selection of restaurant partners and have it delivered by Swiggy's delivery fleet.
- **Instamart (Quick Commerce):** Customers can order groceries and household items, fulfilled by merchant partners often through dark stores, and delivered by Swiggy's delivery partners.
- **Dineout:** Enables users to discover restaurants, make reservations, access promotions, and conduct digital payments at participating establishments.
- **Scenes:** Facilitates bookings for in-restaurant events and curates live events in collaboration with partners, focusing on premium dining and entertainment.
- **Swiggy Access (Cloud Kitchens):** Operates its own cloud kitchens to expand available restaurant choices and optimize delivery logistics.
- **Swiggy Genie:** Provides instant package delivery, functioning as a person-to-person courier service.

### Competitive strengths
- Network effects from connecting customers, vendors, and delivery partners.
- Logistics infrastructure for hyperlocal delivery.
- Brand recognition and customer loyalty.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/swiggy
Markdown representation: https://faxioms.com/stocks/swiggy?render=md