Swiggy reports ₹12,128 crore turnover in FY26 sustainability filing

2 min read     Updated on 24 Jul 2026, 02:17 PM
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Naman SScanX News Team
AI Summary

Swiggy Limited’s FY26 BRSR discloses ₹12,128 crore turnover and 98.63% domestic sourcing. The report highlights zero work-related fatalities, ₹21 crore in partner insurance claims, and ambitious 2030 goals for a fully electric fleet and renewable energy usage.

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Swiggy reported a turnover of ₹12,128 crore and a net worth of ₹20,839 crore for the financial year ended March 31, 2026, according to its Business Responsibility and Sustainability Report (BRSR) filed with stock exchanges on July 24, 2026. The disclosure under Regulation 34(2)(f) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, reveals that the company sourced 98.63% of its input materials from within India, reinforcing its localized value chain strategy while maintaining a paid-up capital of ₹276 crore.

The report details Swiggy’s operational footprint, which includes 68 offices across India, with four key locations employing over 100 staff each and accounting for more than 68% of the workforce. The company employs 9,047 permanent and non-permanent employees alongside 303 workers. Grant Thornton Bharat LLP provided limited assurance on core sustainability indicators, including energy consumption, water usage, and greenhouse gas emissions, validating the data presented in the standalone report.

Key Financial and Operational Metrics

Metric FY26 Value
Turnover ₹12,128 crore
Net Worth ₹20,839 crore
Paid-up Capital ₹276 crore
Domestic Sourcing 98.63%
MSME Sourcing 16.24%

Environmental Impact and Climate Goals

Swiggy recorded total energy consumption of 8,892.49 GJ, comprising 3,490.75 GJ from renewable sources and 5,401.74 GJ from non-renewable sources. The company’s Scope 1 and Scope 2 greenhouse gas emissions totaled 1,048.85 metric tons of CO2 equivalent, while Scope 3 emissions stood at 482,070.13 metric tons. The report highlights an avoidance of 13,308 tCO2e through electric vehicle deliveries and 4,797 tCO2e via the ‘cutlery opt-out’ feature, which achieved a 96% adoption rate.

The company reaffirmed its 2030 sustainability targets, including transitioning to a 100% electric vehicle delivery fleet and sourcing 100% renewable electricity for direct operations. Its corporate headquarters in Bengaluru holds LEED O&M v4.1 Platinum certification, with 42% of its power currently sourced from renewables.

Social Governance and Human Rights

Swiggy conducted its first comprehensive Human Rights Risk Assessment (HRRA) and Climate Risk Assessment (CRA) aligned with IFRS S2/TCFD recommendations during the reporting year. The company disbursed over ₹21 crore in insurance claims to delivery partners and reported zero fatalities or high-consequence work-related injuries among employees and workers.

Grievance redressal mechanisms remained active, with 61 customer complaints filed during the year, of which 10 were pending resolution at year-end. The company also noted seven complaints filed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, all of which were resolved, with five upheld. No penalties or fines were recorded for bribery, corruption, or conflict of interest violations.

Historical Stock Returns for Swiggy

1 Day5 Days1 Month6 Months1 Year5 Years
-3.95%-7.96%+0.55%-19.42%-40.00%-44.91%

How will Swiggy's transition to a 100% electric vehicle fleet by 2030 impact its operational costs and profit margins in the near term?

Given the high volume of Scope 3 emissions, what specific strategies is Swiggy implementing to reduce carbon footprint across its broader supply chain and partner network?

Will the company's heavy reliance on domestic sourcing (98.63%) expose it to supply chain vulnerabilities or inflationary pressures in the Indian market?

Swiggy caps foreign ownership at 49.50% ahead of AGM

1 min read     Updated on 23 Jul 2026, 05:41 PM
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Suketu GScanX News Team
AI Summary

Swiggy Limited approved a 49.50% cap on foreign ownership and scheduled its 13th AGM for August 18, 2026. Shareholders will vote on altering the Articles of Association to modify nomination rights and reclassifying preference share capital to equity capital.

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Swiggy Limited has approved a cap on aggregate foreign ownership at 49.50% on a fully diluted basis, restricting investment from entities outside India. The decision, taken by the Board of Directors on July 23, 2026, aims to align the company with regulations governing Indian owned and controlled companies. The limit applies to foreign portfolio investors, non-resident Indians, and foreign-owned Indian companies, excluding the non-repatriation route.

The Board convened the 13th Annual General Meeting for Tuesday, August 18, 2026, at 3.00 P.M. IST via video conferencing. Shareholders will vote on the foreign ownership cap and the deletion of certain individual and institutional nomination rights through special resolutions. These amendments to the Articles of Association are intended to clarify the conditions governing the exercise and cessation of nomination rights.

In addition to the ownership restrictions, Swiggy Limited proposed reclassifying its authorised preference share capital into authorised equity share capital. This structural change will not alter the total authorised share capital but requires an amendment to Clause V of the Memorandum of Association. Shareholders will approve this proposal via an ordinary resolution at the upcoming meeting.

The regulatory filing was submitted pursuant to Regulation 30 of the SEBI Listing Regulations. Cauveri Sriram, Company Secretary and Compliance Officer, confirmed the meeting proceedings, which commenced at 3.30 P.M. and concluded at 4.10 P.M. on July 23, 2026.

Key Proposals for Shareholder Approval

Proposal Resolution Type Purpose
Foreign ownership cap Special Resolution Limit aggregate foreign holding to 49.50%
AoA amendments Special Resolution Alter nomination rights and definitions
MoA amendment Ordinary Resolution Reclassify preference to equity capital

Historical Stock Returns for Swiggy

1 Day5 Days1 Month6 Months1 Year5 Years
-3.95%-7.96%+0.55%-19.42%-40.00%-44.91%

How will the 49.50% foreign ownership cap impact Swiggy's ability to raise future capital from global investors?

What specific regulatory benefits or government contracts does Swiggy expect to gain by qualifying as an Indian owned and controlled company?

How might the deletion of nomination rights alter the power dynamics between existing institutional shareholders and the company's management?

More News on Swiggy

1 Year Returns:-40.00%