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Swiggy schedules investor meetings in Singapore and London for June 2026

Swiggy Limited disclosed its schedule for analyst and institutional investor meetings in June 2026, featuring events in Singapore and London. The company filed the intimation with stock exchanges under Regulation 30, noting that schedules are subject to change or cancellation due to exigencies.

22May 26

Swiggy Shareholders Reject AoA Alteration; Director Appointment Passed in Postal Ballot

Swiggy Limited's postal ballot, concluded on May 20, 2026, saw shareholders reject the alteration of the Articles of Association with only 72.36% votes in favour, falling short of the required threshold by 2.65%. The appointment of Mr. Renan De Castro Alves Pinto as a Non-Executive, Non-Independent Nominee Director was passed with 98.98% approval. As a result, proposed appointments of Additional (Executive, Non-Independent) Directors will not take effect on June 01, 2026, with board changes limited to Pinto's appointment effective April 11, 2026.

15May 26

Swiggy Q4 FY26 Concall: QC Breakeven, INR1 Trillion GOV Target & Growth Strategy

Swiggy's Q4 FY26 earnings call outlined QC contribution margin breakeven in the current quarter with a 5.5 percentage point YoY improvement, a medium-term QC GOV target of INR1 trillion in 3.5–5 years at 35–50% CAGR, and food delivery steady-state EBITDA margin guidance of 5%. Management highlighted differentiation via the Noice private label, halving of low-AOV order mix, and significant expected capex reduction, while analyst target prices range from ₹322 to ₹473.

14May 26

Swiggy joins five investor meets from May 18

Swiggy Limited announced its participation in five analyst and institutional investor conferences scheduled from May 18 to June 8, 2026. The meetings, held in Hong Kong and Mumbai, include sessions with Goldman Sachs, Bank of America, and Morgan Stanley. The disclosure was filed on May 13, 2026, by Company Secretary Cauveri Sriram.

10May 26

Swiggy FY26 Results: Revenue ₹23,053 Cr, Food Delivery GOV Hits 15-Quarter High

Swiggy Limited reported FY26 consolidated revenue of ₹23,053 crore, up 45% YoY, with a net loss of ₹4,154 crore. Food Delivery GOV reached a 15-quarter high of INR 9,005 crore in Q4 FY26, while Instamart posted 68.8% YoY GOV growth to INR 7,881 crore. The audited results were published in Financial Express and Vijaya Karnataka on May 09, 2026, per SEBI Regulations 30 and 47, with the Board having approved the results on May 08, 2026.

09May 26

Swiggy Limited Submits Monitoring Agency Reports for IPO and QIP Proceeds Utilisation for Quarter Ended March 31, 2026

Swiggy Limited submitted Monitoring Agency Reports prepared by Crisil Ratings Limited for the quarter ended March 31, 2026, covering IPO and QIP proceeds utilisation. Against IPO gross fresh issue proceeds of Rs 44,990.00 million, Rs 37,851.73 million had been utilised as at the end of the quarter, with Rs 7,138.27 million remaining in fixed deposits and current accounts. Against QIP gross proceeds of Rs 1,00,000.00 million, Rs 6,134.37 million had been utilised, with Rs 93,865.63 million deployed across fixed deposits, corporate deposits, bonds/NCDs, mutual funds, and commercial papers. No deviations from the objects of either issue were reported; however, implementation delays were noted in certain objects for both the IPO and QIP due to delays in invoice submission and processing.

17Apr 26

Swiggy Seeks Shareholder Approval for AoA Amendments and Director Appointment

Swiggy Limited has issued a postal ballot notice seeking shareholder approval for amendments to its Articles of Association and the appointment of Mr. Renan De Castro Alves Pinto as Non-Executive Nominee Director. The remote e-voting period runs from April 21 to May 20, 2026. Key amendments include deleting board nomination rights of Accel Entities (holding 2.77%), SoftBank, and Lakshmi Nandan Reddy Obul, while adding nomination rights for Sriharsha Majety to nominate senior management members and Phani Kishan Addepalli to nominate himself. The governance changes follow the April 10, 2026 board meeting that approved leadership restructuring including appointments of Phani Kishan Addepalli and Rahul Bothra as Executive Directors effective June 1, 2026.

11Apr 26

Swiggy Authorizes Key Managerial Personnel for Material Event Disclosure Under SEBI Regulations

Swiggy Limited has authorized three Key Managerial Personnel - MD & Group CEO Sriharsha Majety, CFO Rahul Bothra, and Company Secretary Cauveri Sriram - to determine materiality of events and make disclosures under SEBI LODR Regulations. This authorization ensures compliance with regulatory requirements for material event disclosures to stock exchanges.

24Mar 26

Swiggy Increases Platform Fee from ₹14.99 to ₹17.58

Swiggy has increased its platform fee from ₹14.99 to ₹17.58, representing approximately a 17.3% increase. This fee adjustment will impact all customers using the food delivery platform and reflects ongoing pricing optimization in the food delivery sector.

13Mar 26

UBS Maintains Buy Rating on Swiggy with ₹510 Target Price Amid Strong Food Delivery Growth

UBS Group AG maintains its Buy rating on Swiggy with a ₹510 target price, citing strong 20-21% YoY food delivery volume growth in Feb'26 and stable market share. The brokerage flagged potential risks from cooking gas shortages that could impact Mar-Apr volumes. In quick commerce, Blinkit continues expanding its reach advantage over Swiggy's Instamart and competitor Zepto.

04Feb 26

Swiggy Q3FY26 Results: Revenue Surges 54% YoY Amid Strategic Focus on Quality Growth

Swiggy delivered strong Q3FY26 financial performance with 54% revenue growth to ₹6,148 crore, driven by exceptional growth in Quick Commerce (76.1%) and Food Delivery (24.7%) segments. During the earnings conference call, management outlined their strategic focus on sustainable growth over aggressive discounting, reiterating their commitment to achieve contribution margin breakeven by Q1 FY27 despite competitive pressures.

30Jan 26

Swiggy Plans to Reduce Quick Commerce Marketing Spend to Lower Losses

Swiggy plans to reduce high marketing spending for quick commerce operations to help lower overall losses. The company is focusing on structural changes and cutting unnecessary investments rather than buying growth through increased spending. This strategic shift emphasizes sustainable business practices and operational efficiency over aggressive market share acquisition.

30Jan 26

Swiggy Targets Zero Contribution Margin by Q1 2024 Amid Competitive Pressures

Swiggy has set a target to achieve zero contribution margin by Q1 2024 while facing tough market competition. The company is working towards implementing an IOCC structure and its shareholder base is approaching majority status, indicating significant corporate developments ahead.

29Jan 26

Swiggy Limited Files Q3FY26 Monitoring Agency Reports for IPO and QIP Proceeds Utilization

Swiggy Limited submitted Q3FY26 monitoring reports showing IPO proceeds utilization of Rs 4,909.05 million during the quarter, bringing total deployment to Rs 33,430.23 million from Rs 44,990.00 million raised. QIP proceeds saw minimal utilization of Rs 1,195.38 million from the Rs 1,00,000.00 million raised in December 2025. Unutilized funds are strategically invested across fixed deposits, corporate bonds, and mutual funds, generating returns between 5.05% to 7.50%. Both reports confirm no deviations from disclosed objectives.

29Jan 26

Swiggy Limited Approves Registered Office Relocation Within Bengaluru

Swiggy Limited's Board of Directors approved the relocation of the company's registered office within Bengaluru during a meeting on January 29, 2026. The move from Embassy Tech Village to Sumadhura Capitol Towers in Bengaluru East will be effective from April 1, 2026. The decision was made in compliance with SEBI regulations, with the company maintaining its presence within Karnataka's local limits while transitioning to a new facility.

23Jan 26

Food Delivery Giants Drop 10-Minute Promise, Shift Focus to Execution Over Speed

Major food delivery platforms Swiggy and Zomato have removed 10-minute delivery promises from marketing materials following government concerns about rider safety. While this may impact short-term customer acquisition, both companies are pivoting to execution-focused strategies emphasizing consistency and reliability over speed claims. Despite the messaging change, platforms continue showing strong user growth and are adapting through better assortment curation and improved service delivery.

21Jan 26

Swiggy Records Block Trade of 5 Million Shares at ₹332 Per Share

Swiggy has executed a major block trade involving 5 million shares at ₹332 per share, totaling approximately ₹1,660 crores in transaction value. This significant institutional activity demonstrates substantial investor interest in the food delivery platform's equity and highlights the liquidity available in Swiggy's stock among large investors.

20Jan 26

World Economic Forum 2026: Swiggy CEO Highlights AI's Transformational Impact on Food Delivery

At World Economic Forum 2026, Swiggy's Food Marketplace CEO Rohit Kapoor detailed how artificial intelligence is transforming India's food delivery sector through enhanced customer service, operational intelligence, and stakeholder insights. The company has embraced AI-driven transformation across customer service, restaurant analytics, and delivery optimization, while exploring robotics and drone delivery technologies in experimental phases.

20Jan 26

Delivery Jobs Should Be Seen As Flexible Employment, Not Gig Work: Swiggy Executive

Swiggy's Food Marketplace CEO Rohit Kapoor has advocated for recognizing delivery jobs as flexible employment rather than gig work, describing them as a 'third pillar' of India's job market alongside formal employment and entrepreneurship. Speaking at the World Economic Forum, he revealed that approximately 2.5 million people worked on Swiggy's platform last year, representing a diverse workforce including long-term workers, students, and those seeking supplementary income. While welcoming government social security initiatives, Kapoor emphasized the need for differentiated policy approaches that don't apply traditional employment parameters to this flexible sector.

19Jan 26

Swiggy Limited schedules Q3FY26 earnings conference call for January 29, 2026

Swiggy Limited has scheduled its Q3FY26 earnings conference call for January 29, 2026, at 17:00 hours IST to discuss quarterly financial results with analysts and investors. The virtual session will run for one hour and coincides with the company's Board Meeting on the same day. The announcement was formally communicated to BSE and NSE on January 19, 2026, in compliance with SEBI Regulation 30 requirements.

19Jan 26

Swiggy Limited Schedules Board Meeting on January 29, 2026 for Q3FY26 Financial Results

Swiggy Limited has scheduled its Board of Directors meeting for January 29, 2026, to consider and approve Q3FY26 unaudited financial results for the quarter ended December 31, 2025. The meeting will review both standalone and consolidated financial statements. The company has closed its trading window from January 1, 2026, which will reopen 48 hours after results dissemination, ensuring compliance with insider trading regulations and maintaining market integrity.

19Jan 26

Swiggy Schedules Q3 FY25 Results Announcement for January 29 (Correction)

Food delivery and quick commerce platform Swiggy has officially scheduled the consideration and announcement of its third quarter FY25 financial results for January 29, 2025. This correction notice provides stakeholders with confirmed timing for accessing the company's quarterly performance data and key financial metrics.

14Jan 26

Removal Of 10-Minute Delivery Positive For Swiggy, Eternal, Says Elara Capital — Here's Why

Elara Capital views the government's directive to halt 10-minute delivery guarantees as neutral to positive for Swiggy and Eternal. The brokerage firm believes metro demand for quick-commerce is already established and the delivery promises were largely optics-driven rather than fundamental business guarantees, expecting no significant impact on volumes or growth.

13Jan 26

Labour Ministry Directs Quick-Commerce Platforms to Drop 10-Minute Delivery Threshold

Labour Ministry directs quick-commerce platforms to drop 10-minute delivery guarantees, prioritizing delivery partner safety. Swiggy shares declined 1% to ₹346.60 while Zomato gained 2.5% to ₹292.00. New draft rules under Social Security Code 2020 propose 90-day work threshold for gig worker benefits. Analysts maintain positive outlook with 41% upside for Swiggy and 30% for Zomato despite regulatory changes.

13Jan 26

Swiggy Shares Decline as Blinkit Removes 10-Minute Delivery Deadline Following Safety Concerns

Swiggy and Eternal shares declined from day's highs after reports emerged that Blinkit removed its 10-minute delivery deadline following Union Labour Minister Mansukh Mandaviya's intervention over delivery partner safety concerns. The company has removed the "10-minute delivery" claim from all brand platforms, marking a significant shift in its service promise strategy.

13Jan 26

Delivery Apps Drop 10-Minute Delivery Deadline

Delivery platforms including Swiggy have reportedly ended their 10-minute delivery deadline commitments, representing a strategic shift in the quick commerce sector's approach to ultra-fast delivery services.

12Jan 26

Swiggy Attracts Sustained FII and Mutual Fund Investment for Third Consecutive Quarter

Swiggy attracts continued institutional investment with FII stakes rising to 16.07% and mutual fund holdings reaching 17.23% over consecutive quarters. Despite this confidence, the stock trades 30% below recent peaks at ₹344.00, below its ₹390.00 IPO price. The company demonstrated strong revenue growth of 52.50% in September 2025, reaching ₹5,620.00 crore, though net losses widened to ₹1,092.00 crore.

12Jan 26

Swiggy expands Noice beyond staples, testing limits of private labels in quick commerce

Swiggy has rapidly expanded its Noice private label from 200 to 350 SKUs and doubled manufacturing partners to 70 since August, moving beyond traditional staples into beverages, ready-to-cook items, and fresh products. The company hired senior talent from Flipkart and OYO to lead the initiative, seeking to capture higher margins of 35-40% compared to 10-15% from third-party brands. However, the strategy carries risks of friction with brand partners and consumer pushback, as rival platforms report higher drop-offs when prioritizing private labels over established brands.

08Jan 26

Swiggy Records Block Trade of 1.25 Million Shares at ₹355 on BSE

Swiggy Limited executed a block trade of 1.25 million shares at ₹355.00 per share on the Bombay Stock Exchange, representing a transaction value of approximately ₹44.38 crores. This institutional transaction demonstrates significant investor activity in the food delivery company's stock and reflects active participation by large institutional players in Swiggy's equity.

06Jan 26

Swiggy Shares Fall Below IPO Price Despite Strong Analyst Support and Global Fund Optimism

Swiggy shares fell 4.4% to ₹361.95 on Tuesday, marking the third straight day of decline and pushing the stock below both its IPO price of ₹390 and QIP price of ₹375. Despite the 42% correction from post-listing highs, analyst sentiment remains strong with 23 of 28 analysts maintaining buy ratings. Global fund managers express optimism about the company's financial strength and strategic positioning for recovery.

05Jan 26

Cyrus Poonawalla Acquires ₹42.35 Crore Worth Swiggy Shares in Market Deal

Billionaire Cyrus Soli Poonawalla purchased 11.235 lakh Swiggy shares for ₹42.35 crore at ₹377 per share through an open market transaction from his company Serum Institute of India. The acquisition follows Swiggy's recent ₹10,000 crore QIP that attracted major domestic mutual funds and global institutions including Temasek, Vanguard, and Goldman Sachs.

05Jan 26

Swiggy Launches EatRight In Over 50 Cities, Targets Health-Conscious Users

Swiggy has officially launched its EatRight category across more than 50 cities, targeting health-conscious users with over 1.8 million dishes from 200,000+ restaurants. The initiative consolidates High Protein, Low Cal, and No Added Sugar options under a single umbrella, with Tier-2 cities showing 2x growth in healthy food ordering compared to metros.

01Jan 26

Swiggy Reports 2.18 Lakh Biryani Orders on New Year's Eve 2025, Chai and Comfort Foods See Surge

Swiggy's New Year's Eve 2025 data revealed biryani's continued dominance with 2.18 lakh orders by 7:30 PM, marking its 10th consecutive year as the top choice. Comfort foods saw unexpected popularity with 29,618 chai, 9,410 khichdi, and 4,244 upma orders. Health-conscious trends emerged in Bengaluru with 1,927 salad orders, while desserts remained strong with 46,627 gulab jamun and 7,573 gajar ka halwa orders.

01Jan 26

Swiggy Records Block Deal of 1.05 Million Shares

Swiggy recorded a block deal transaction involving 1.05 million shares, indicating institutional trading activity in the food delivery platform's stock through large-scale off-market transactions.

31Dec 25

Delhi Leads with 4.22 Crore Orders as Zomato Reports 2025 Food Delivery Trends

Zomato's 2025 data reveals Delhi NCR as the top market with 4.22 crore orders by December 28, surpassing Mumbai. The platform identified 8:25 PM as India's peak dinner ordering time with 18.72 lakh orders nationwide. IIT Kharagpur led university campuses with 2.4 lakh orders, while UAE topped international markets with 2.3 lakh orders, demonstrating strong demand across domestic and overseas markets.

28Dec 25

Customer Experience and Value Consciousness to Drive India's Food Delivery Growth in 2026: Swiggy, Magicpin

India's food delivery sector is positioned for substantial growth in 2026, driven by enhanced customer experience, operational speed, and value consciousness according to Swiggy and Magicpin executives. The industry strategy focuses on deeper merchant inclusion, improved unit economics, and serving value-conscious consumers across students, office-goers, and families. The sector demonstrated strong performance in 2023-24, generating ₹1.20 lakh crore in gross output while expanding faster than the overall economy and increasing direct employment to 1.37 million workers, representing a 26.85% growth from 2021-22 levels.

18Dec 25

Swiggy Stock Set for 14 BPS Index Weight Boost Following QIP with USD 144 Million Expected Inflow

Swiggy is expected to see a 14 basis points increase in its index weight following a recent Qualified Institutional Placement (QIP). This adjustment is anticipated to generate USD 144.00 million in buying flow, potentially boosting institutional interest and stock performance.

15Dec 25

Swiggy Successfully Completes ₹10,000 Crore QIP with Strong Institutional Support

Swiggy Limited has successfully completed its Qualified Institutional Placement raising ₹10,000 crores through allotment of 26.67 crore equity shares at ₹375 per share. The QIP witnessed exceptional response with participation from 61 investors including top mutual funds, insurance companies, and global institutional investors, representing the second largest QIP by a non-banking company in India.

11Dec 25

Macquarie Maintains 'Underperform' Rating on Swiggy with ₹290.00 Price Target

Macquarie has maintained its 'Underperform' rating on Swiggy with a price target of ₹290.00. The rating reflects the investment firm's cautious outlook on the food delivery platform's stock performance in the competitive quick commerce sector.

09Dec 25

Swiggy's Q2 FY26 Results: Revenue Soars 54% Amid Widening Losses and Strategic Moves

Swiggy's Q2 FY26 results show mixed performance with revenue up 54.43% to ₹5,561.00 crore, but net loss widening 74.44% to ₹1,092.00 crore. EBITDA worsened to -₹740.00 crore, while OPM slightly improved to -14.37%. The company approved a ₹10,000.00 crore QIP and recorded a ₹1,350.00 crore gain from planned Rapido investment sale. Despite strong growth, profitability remains a challenge as expenses rose 52.96% to ₹6,360.00 crore.

08Dec 25

Swiggy Shareholders Approve Rs. 10,000 Crore Capital Raise Through QIP

Swiggy has obtained shareholder approval to raise up to Rs. 10,000 crores through a Qualified Institutional Placement (QIP) of equity shares. The special resolution was passed at an Extraordinary General Meeting on December 8, with 99.48% of votes in favor. 1,906 shareholders participated in the e-voting process. The funds may be used for expanding quick-commerce fulfillment networks, technology investments, marketing, debt repayment, and potential acquisitions.

27Nov 25

Swiggy Refutes Media Reports on Instamart's Market Position

Swiggy has denied media reports about the market status of its quick commerce arm, Instamart. The company stated that these reports are inaccurate and misleading, confirming that no data was shared with HSBC or Moneycontrol. Swiggy advised shareholders to rely only on official company updates for accurate information about its business operations.

17Nov 25

Swiggy Introduces New Fee Structure for Partner Restaurants on SwiggyOne Orders

Swiggy is implementing a new fee structure for partner restaurants, targeting orders placed through its SwiggyOne program. Starting November 25, restaurants will face an additional per-order charge based on their percentage of SwiggyOne orders. This comes on top of existing commissions (17-25%) and other charges. The change follows recent fee adjustments, including a 2% collection fee introduced in February and the removal of surge fee waivers for loyalty program users in May. This new structure could impact restaurant profit margins, especially for those with high SwiggyOne order percentages.

11Nov 25

Swiggy Expands 'Crew' Concierge Service to Major Indian Cities

Swiggy has expanded its travel and lifestyle concierge service 'Crew' to Bengaluru, Mumbai, and NCR after a successful pilot phase. The service offers assistance with restaurant reservations, travel planning, party organization, gifting, and more. Swiggy's CEO of Food Delivery, Rohit Kapoor, notes that users are utilizing Crew for both daily tasks and premium experiences. Co-founder Phani Kishan Addepalli describes Crew as Swiggy's boldest step towards becoming an 'operating system for modern living'. Currently serving thousands of users, this expansion represents Swiggy's strategic diversification beyond its core food and grocery delivery services.

10Nov 25

Swiggy Board Approves Rs 10,000 Crore QIP Fundraise, Draws Investor Criticism Amid Growth Reports

Swiggy's board approved raising up to Rs 10,000 crore through a QIP, drawing criticism from industry experts. The company's food delivery business achieved profitability with an annualized adjusted EBITDA of Rs 960 crore. Monthly Transacting Users increased to 16.3 million, and Gross Order Value reached Rs 8,542 crore. Instamart, Swiggy's quick commerce segment, showed 107.6% year-over-year growth but remains in investment mode. The out-of-home consumption segment maintained growth and profitability. Overall, Swiggy's B2C GOV growth accelerated to 30%, driven by cross-pollination between services.

07Nov 25

Swiggy Board to Consider ₹10,000 Crore Fundraise as Quick Commerce Surges

Swiggy's board is set to consider raising ₹10,000 crore through a QIP or other means. The company reported a 54% increase in revenue to ₹5,561 crore in Q2 FY24, with net losses widening to ₹1,092 crore. Quick commerce revenue doubled to ₹980 crore, showing over 100% year-on-year growth in Gross Order Value for the third consecutive quarter. Swiggy aims to achieve contribution margin profitability in quick commerce by June 2026 quarter, projecting a potential 4% EBITDA margin with a 7% contribution margin in the long term.

07Nov 25

Swiggy's Quick Commerce Surges with 110% Growth, Eyes Profitability by 2026

Swiggy reported strong quarterly results, with its quick commerce division Instamart achieving a 110% increase in gross order value. Instamart improved contribution margins to -2.6%, moving closer to its June 2026 profitability target. The food delivery segment also saw improved EBITDA margins. Non-grocery categories in quick commerce expanded from 9% to 26% of the mix. Swiggy's current store network can support double the current order volume, with 25% of stores operating at positive contribution margins. The company is seeking board approval for a Qualified Institutional Placement (QIP) to raise capital.

03Nov 25

Swiggy Shareholders Overwhelmingly Approve Instamart Sale and Related Party Transaction

Swiggy Limited's shareholders have approved two key resolutions through a postal ballot. The first resolution, approving the sale of Instamart to a subsidiary, received 99.9951% votes in favor. The second resolution, approving a related party transaction involving the sale of shares in Roppen Transportation Services, gained 99.4480% support. The e-voting process saw significant participation, with 46.26% of total shares voted.

01Nov 25

Swiggy Sets Sights on Profitability by June 2026, Plans Efficient Business Expansion

Swiggy, India's leading food delivery platform, has announced plans to achieve profitability by the June 2026 quarter. The company intends to double its business operations without significant investments in new stores, focusing on operational efficiency and leveraging existing infrastructure. This strategy emphasizes maximizing returns from current assets, effective cost management, and scalability through existing resources and technology. While specific financial details were not disclosed, the profitability target suggests a long-term vision for sustainable growth.

31Oct 25

Swiggy Reports Strong Q2 FY26 Growth: Food Delivery Profitability Rises as Quick Commerce Expands

Swiggy's Q2 FY26 results show significant growth. Consolidated revenue increased 54.4% YoY to ₹5,561.00 crore. Food delivery GOV grew 18.8% YoY to ₹8,542.00 crore with improved profitability. Instamart, the quick commerce segment, saw GOV surge 107.6% YoY to ₹7,022.00 crore. The company launched new initiatives like 'Toing' and expanded 'Deskeats'. Swiggy's board will consider a ₹10,000.00 crore fundraise via QIP on November 7, 2025.

31Oct 25

Swiggy Reports Strong Q2 Growth with Food Delivery Margins at 2.8% and Quick-Commerce GOV Up 108% YoY

Swiggy's Q2 results show significant growth with B2C Gross Order Value up 47.6% YoY to ₹16,683.00 crore and consolidated adjusted revenue increasing 52.6% YoY to ₹5,911.00 crore. Net loss expanded to ₹1,092.00 crore. Food delivery GOV grew 18.8% YoY, while Quick Commerce GOV surged 107.6% YoY. The company improved its adjusted EBITDA loss and segment margins. Swiggy plans to sell its stake in Rapido and is considering fundraising up to ₹10,000.00 crore through QIP.

30Oct 25

Swiggy Reports Strong Q2 Growth with Food Delivery and Instamart Expansion, Considers ₹10,000 Crore Fundraise

Swiggy's Q2 results show strong growth with a 54.4% increase in consolidated revenue to ₹5,561 crore. The company's B2C Gross Order Value grew 47.6% year-over-year to ₹16,683 crore, while its net loss widened to ₹1,092 crore. Food delivery and Instamart segments showed robust performance, with the latter growing 107.6% year-over-year. Swiggy is considering raising up to ₹10,000 crore through a Qualified Institutional Placement or other means to fuel further expansion.

29Oct 25

Swiggy Sets Date for Q2 Financial Results Announcement

Swiggy has scheduled a board meeting on October 30 to approve its Q2 and H1 FY2024 financial results. The company will hold an earnings call at 5 p.m. on the same day. In Q1 FY2024, Swiggy reported a consolidated net loss of ₹1,197.00 crore, a 95.90% increase year-over-year, while total income rose by 52.50%. The company's stock has shown mixed performance, with a year-to-date decline of 21.69% but a 32.78% increase over the past six months.

19Oct 25

Swiggy and Magicpin See Festive Surge in Food Delivery Orders

Swiggy expects to double its food delivery numbers compared to last year's festive season, with Mumbai, Bengaluru, and Kolkata leading the surge. Emerging markets include Surat, Thiruvananthapuram, and Vadodara. Choco lava cakes are the top dessert choice in metro cities, while Kolkata maintains high demand for biryani. Magicpin reported a 40% increase in vegetarian and thali orders during Navratri, a rebound in both vegetarian and non-vegetarian cuisine post-Dussehra, and a 2.5x increase in bulk and party food delivery orders after Navratri. On October 10, Magicpin saw a 30% jump in orders compared to regular days.

16Oct 25

Swiggy Instamart Introduces Gold and Silver Delivery for Dhanteras

Swiggy Instamart is offering delivery of gold and silver products for Dhanteras in select metro cities. The service includes gold coins (0.1 to 10 grams), silver coins, and 1kg silver bricks from brands like Malabar Gold and Diamonds, Kalyan Jewellers, and others. A Rs 100 discount is available for the first 10,000 customers buying 1 gram or more gold coins. Gold coins are 999 hallmarked with no making charges, while silver coins are certified for purity. Based on last year's data, Bengaluru, Hyderabad, Mumbai, Delhi-NCR, and Ahmedabad saw the highest orders, with 1 gram gold coins being the most popular.

15Oct 25

Swiggy Introduces 'No Added Sugar' Category for Health-Conscious Festive Season

Food delivery platform Swiggy has introduced a 'No Added Sugar' category to promote healthier eating habits during the festive season. This new feature showcases a curated selection of food items and beverages without added sugar, catering to health-conscious consumers who want to maintain their dietary goals while enjoying festive celebrations. The initiative aims to balance traditional festive offerings with healthier alternatives and could potentially influence consumer behavior and set a precedent in the food delivery industry.

15Oct 25

Swiggy Sees Surge in Orders During Festive Season, Hits 2.2 Lakh Orders in One Hour

Swiggy, a leading Indian food delivery platform, experienced substantial order growth across various festivals. During Ashtami, the company received 2.2 lakh orders between 8-9 PM, marking an 11.58% year-on-year increase in overall orders and a 17% rise in order value. Navratri saw high demand for traditional fasting foods, with over 99,200 orders for Sabudana Khichdi and more than 1.03 lakh for Vrat Thali. Ganesh Chaturthi orders for Modak tripled daily, totaling 2,28,102 with a 35% year-on-year increase. Raksha Bandhan witnessed a 32.4% overall order growth, with non-metro cities growing by 38.1%. The company also reported double-digit growth in categories like sweets, desserts, festive thalis, and gifting throughout the festive season.

26Sept 25

Swiggy Offloads Rapido Stake for Rs 2,400 Crore to Bolster Instamart

Swiggy has sold its 12% stake in Rapido for Rs 2,400 crore to Prosus and Westbridge Capital, more than doubling its initial investment. The proceeds will be used to strengthen Instamart, Swiggy's quick-commerce division. Swiggy is also restructuring Instamart into a wholly-owned subsidiary, potentially shifting to an inventory-led model. Analyst opinions on these moves are mixed, with ratings ranging from 'Buy' to 'Reduce'. Instamart faces strong competition from Blinkit, which has shown higher growth rates.

24Sept 25

Swiggy Shares Drop Despite Major Restructuring and Asset Sale Worth ₹2,400 Crore

Swiggy has approved two significant strategic moves: separating its quick commerce business, Instamart, into a wholly-owned subsidiary through a slump sale, and selling its entire 12% stake in Rapido for ₹2,399.50 crore. The Instamart separation is expected to be completed after Q3 FY26, while the Rapido stake will be sold to MIH Investments and Westbridge. Despite these announcements, Swiggy's shares declined 1.78% to ₹441.20 during trading. The Rapido sale is anticipated to boost Swiggy's net cash position to over $850 million. Both transactions require approval from the Competition Commission of India.

23Sept 25

Swiggy Divests Rapido Stakes for ₹2,400 Crore, Plans Instamart Restructuring

Swiggy's Board approved two major transactions: selling its stakes in Rapido for ₹2,400 crore to Westbridge Capital and MIH Investments, and transferring its Instamart business to a wholly-owned subsidiary through a slump sale. The Rapido sale includes ₹431.50 crore to Westbridge and ₹1,968 crore to MIH Investments. Instamart, contributing 24.21% of Swiggy's standalone revenue, will be restructured to enhance its quick commerce operations. These moves aim to optimize Swiggy's investment portfolio and streamline business operations.

23Sept 25

Swiggy to Restructure Quick Commerce Operations: Instamart Business to be Transferred

Swiggy's board has approved the transfer of its Instamart quick commerce business to a wholly-owned subsidiary, Swiggy Instamart Private Limited. The transfer, structured as a slump sale, includes all assets, liabilities, and intellectual property of Instamart. Instamart's revenue was INR 21,295.84 crore, 24.21% of Swiggy's standalone revenue, with a negative net worth of INR 2,976.66 crore. The move aims to create a focused entity for Instamart's long-term development and is expected to be completed after the third quarter, subject to shareholder approval.

16Sept 25

Prosus Eyes Major Stake Acquisition in Rapido from Swiggy

Prosus, a global consumer internet group, is reportedly planning to acquire a substantial portion of Swiggy's stake in the ride-hailing company Rapido. The potential deal could value Rapido at up to $2.70 billion, highlighting growing interest in India's mobility sector. This move could strengthen Prosus's position in the Indian market while potentially representing a strategic shift in Swiggy's investment portfolio. The development underscores the dynamic nature of India's startup ecosystem and could have significant implications for the ride-hailing industry.

15Sept 25

Swiggy Launches 'Toing' App for Budget-Friendly Food Options in Pune

Swiggy has introduced 'Toing', a new application aimed at the affordable food delivery market. The app was launched in Pune, targeting budget-conscious consumers. This move is seen as Swiggy's response to growing demand for economical food delivery options and could potentially reshape the competitive landscape in the food delivery industry.

11Sept 25

Swiggy Targets 100 Million Consumers with 15+ Monthly Orders, Amazon Launches Ultra-Fast Delivery in India

Swiggy aims to serve 100 million consumers with 15 monthly orders within a decade. Instamart, Swiggy's quick commerce division, has expanded to 125+ cities, offering 35,000+ products including non-grocery items. Amazon has introduced a 10-minute delivery service in Mumbai, Delhi, and Bengaluru, entering the ultra-fast commerce sector in India.

09Sept 25

Swiggy Customer Highlights 80% Price Markup Over Direct Restaurant Purchase

A Swiggy customer's social media post revealed an 80% price difference between ordering through the app and buying directly from a restaurant 2km away. The order cost Rs 1,473 on Swiggy compared to Rs 810 from the restaurant, a Rs 663 difference. This comes after recent platform fee increases by Swiggy (to Rs 15) and Zomato (to Rs 12). The post sparked discussions on delivery platform pricing models, which typically include 24-28% commissions, delivery fees, and other charges. Critics argue the markup is excessive, while supporters defend the convenience model.

06Sept 25

Swiggy's Instamart Challenges E-Commerce Giants with 'Quick India Movement' Sale

Swiggy's Instamart is launching a 10-day sale event called 'Instamart Quick India Movement' from September 19-28, competing directly with Amazon and Flipkart's festive sales. The sale offers 50-90% discounts on over 50,000 products, including electronics, home goods, and daily essentials. Instamart will provide 10-minute delivery in select locations and feature premium brands like iPhone and OnePlus. Axis Bank partnership offers additional discounts on credit card purchases. This marks Instamart's strategic entry into the competitive festive e-commerce market, potentially reshaping consumer expectations in quick commerce.

05Sept 25

Swiggy Instamart CEO Forecasts Surge in Festive Season Demand Following GST Cut

Swiggy Instamart CEO Amitesh Jha anticipates a significant increase in demand for the upcoming festive season compared to last year, driven by recent GST cuts. Early indicators from Raksha Bandhan showed a 3.5-fold increase in orders, while initial data from Ganesh Chaturthi reinforces expectations of a record-breaking season. The platform faces challenges in managing unpredictable demand spikes and maintaining service quality. Jha attributes Swiggy Instamart's five-year success to team alignment and focus.

04Sept 25

Zomato, Swiggy Face 18% GST on Food Delivery Fees

The GST Council has decided that major food delivery platforms in India, including Zomato and Swiggy, will now be required to pay 18% GST on delivery fees under section 9(5) of the CGST Act. This could impact their cost structure and potentially affect consumer pricing. Zomato may face a GST impact of Rs 2.00 per order, while Swiggy could see an impact of Rs 2.60 per order. Subsidiaries like Blinkit and Swiggy Instamart will be affected differently. The decision may help resolve past GST demands from various states but could also impact profitability or demand depending on how companies respond.

03Sept 25

Swiggy Hikes Platform Fee to Rs 15, Marking Third Increase in Three Weeks

Swiggy has increased its platform fee to Rs 15, marking the third consecutive hike in just three weeks. This rapid series of fee adjustments could impact consumers, competitive dynamics in the food delivery industry, relationships with restaurant partners, and potentially signal Swiggy's increased focus on profitability. The move may lead to higher costs for consumers and influence pricing strategies across the food delivery market.

29Aug 25

Swiggy HDFC Bank Credit Card Enhances Travel Benefits with Paytm Partnership

The Swiggy HDFC Bank Credit Card has partnered with Paytm Travel to offer a 6% discount on domestic and international flight bookings and intercity bus bookings. This new benefit complements existing rewards including 10% cashback on Swiggy spends, 5% on online shopping, and 1% on other eligible purchases. The card also provides a complimentary Swiggy One membership and other perks. Frequent users can potentially save around ₹42,000 annually with this card.

26Aug 25

Swiggy Launches 'Noice': A Private-Label Food Brand on Instamart Platform

Swiggy introduces 'Noice', a private-label packaged food brand on its Instamart platform, marking its entry into the premium quick-commerce segment. Launched in six major Indian cities, Noice offers over 200 small-batch snacks and beverages across 13 categories. Swiggy partners with 40+ local kitchens and manufacturers for production. Marketing is handled by Swiggy's subsidiary, Scootsy Logistics. This move represents a strategic shift for Swiggy, focusing on core strengths and competing with rivals like Zomato, Blinkit, and Zepto in the premium quick-commerce space.

21Aug 25

Swiggy Shares Surge 5.5% on Analyst Projections of Strong Growth and Profitability

Swiggy's shares jumped 5.5% to Rs 443.70 on the BSE following optimistic analyst forecasts. DAM Capital initiated coverage with a Rs 515 target price, projecting 28% revenue CAGR for FY25-28 and adjusted EBITDA profitability by FY28. Swiggy's food delivery arm is expected to reach EBITDA breakeven in FY25, while its Instamart quick commerce business plans to expand to over 1,000 dark stores by FY26. The company is set for inclusion in the MSCI Global Standard Index on August 26, 2025, potentially attracting significant passive fund inflows.

18Aug 25

Swiggy's E-Scooter Partnership Signals Shift in Food Delivery Landscape

Swiggy has announced a strategic partnership with electric mobility firm Bounce to deploy e-scooters in its delivery fleet. The initial rollout will cover Delhi NCR and Bengaluru over the next three months, with plans to expand to more cities. E-scooters will be available to Swiggy and Instamart delivery partners through both Bounce and Swiggy apps at special pricing. This move aims to reduce carbon footprint, lower operating costs for delivery partners, and make electric mobility more accessible. Swiggy has already partnered with over 50 EV partners nationwide, demonstrating its commitment to sustainable delivery practices.

18Aug 25

Swiggy Hikes Platform Fee to Rs 14 Amid Mounting Losses and Mutual Fund Activity

Swiggy has increased its platform fee from Rs 12 to Rs 14 in select high-volume areas. The company reported a widened net loss of Rs 1,197 crore for April-June quarter, despite a 54% year-on-year growth in operating revenue to Rs 4,961 crore. Mutual funds have invested Rs 1,400 crore in Swiggy. The food delivery market is facing increased competition with new entrants like Ownly offering lower restaurant commissions. Swiggy's shares have dropped 26.52% year-to-date, while rival Zomato's stock has surged 17%.

15Aug 25

Swiggy Hikes Platform Fees to Rs 14 in Select Areas Amid Festive Demand

Swiggy has temporarily increased its platform fee by 17% to Rs 14.00 in select regions during the festive season. This represents a 600% increase from the initial Rs 2.00 fee introduced in 2023. The food delivery sector in India sees platform fees ranging from Rs 9.00 to Rs 15.00 per order. Competitor Zomato maintains its fee at Rs 10.00. The industry has consolidated to a few major players, leading to standardization of fees. This trend signifies a shift towards improving profit margins after years of focusing on customer acquisition.

11Aug 25

CCI to Revisit Inspection Request for Quick Commerce Giants

The Competition Commission of India (CCI) has decided to reconsider an inspection request involving major quick commerce players Swiggy, Zepto, Instamart, and Blinkit. This decision signals ongoing regulatory scrutiny in the rapidly evolving quick commerce sector. The inspection could potentially examine competitive practices, pricing strategies, market dominance, and the impact on traditional retail. The outcome may shape the future regulatory landscape for these growing platforms.

08Aug 25

Swiggy Shares Plummet 27% YTD Amid Mounting Losses Despite Revenue Surge

Swiggy's shares have dropped 26.75% year-to-date following weak quarterly results. In Q1FY26, the company reported a net loss of Rs 1,197.00 crore, up from Rs 611.00 crore in the previous year, despite a 54% increase in revenue to Rs 4,961.00 crore. Total expenses rose by 60% to Rs 6,244.00 crore due to higher delivery costs, advertising spends, employee benefits, and logistics costs. Q4FY25 showed a similar trend with increased losses and revenue growth. CEO Sriharsha Majety attributes losses to expansion and investments for long-term profitability. Technical analysis shows the stock trading in a consolidation range of Rs 375.00-430.00, approaching a critical 200-day EMA level.

06Aug 25

Swiggy's Instamart Surges with 108% YoY Growth in Q1, Driven by AOV Improvement

Swiggy reported strong Q1 performance for its quick commerce business, Instamart, with 108% year-on-year Gross Order Value growth. Instamart expanded to 127 cities, improved Average Order Value by 26% YoY, and saw a 100 bps quarter-on-quarter increase in contribution margin. The food delivery segment maintained 18.80% GOV growth. Swiggy remains focused on growth and innovation, particularly in 10-minute delivery, while aiming for contribution margin neutrality in Instamart between December and June.

06Aug 25

Swiggy Eyes ₹2,500 Crore Windfall from Rapido Stake Sale

Swiggy is planning to sell its 12% stake in ride-hailing startup Rapido, potentially earning up to ₹2,500 crore. Rapido's valuation has surged to $2.7-3 billion from $1.1 billion last year. Swiggy cites potential conflict of interest as Rapido plans to enter food delivery. The sale, expected to conclude within three months, could yield a 2.5X return on Swiggy's initial $120 million investment made in 2022. Rapido has shown significant growth with its business expanding by 120% and annualized GMV reaching $2.2 billion.

06Aug 25

High Net Worth Investors Exit Swiggy and 10 Other Stocks Despite Double-Digit Returns; Swiggy Plans Rapido Stake Sale

High net worth individuals (HNIs) have reduced their holdings in 11 stocks during the June quarter, despite these investments delivering double-digit returns. Swiggy experienced the most significant exit, with HNI shareholding dropping from 10.62% to 3.53%, representing a selling value of approximately Rs 5,400 crore. Other companies like Nitco, Waaree Energies, and Nazara Technologies also saw considerable reductions in HNI holdings. However, some stocks like Kaveri Defence saw increased HNI interest. Despite these exits, the total market wealth of HNIs grew by 15.5% during the quarter, reaching Rs 9.32 lakh crore.

05Aug 25

Swiggy Launches DeskEats: Revolutionizing Office Food Delivery Across 30 Indian Cities

Swiggy introduces DeskEats, a specialized food delivery service for office professionals across India. The service covers 7,000 corporate locations in 30 cities, offering 700,000 food items from over 200,000 restaurants. DeskEats features curated collections like Value Combos and One-handed Grabbies, with the latter being the most popular during the pilot phase. The service integrates with Swiggy's corporate rewards program, reaching 14,000 companies and 150,000 employees. DeskEats focuses on desk-friendly, easy-to-eat options without the need for plates or cutlery.

31Jul 25

Swiggy Reports Strong Q1 Growth: Food Delivery Up 18.8%, Quick Commerce Soars 108%

Swiggy's Q1 FY2026 results show significant growth across key segments. Food delivery GOV increased 18.8% YoY, with 1.2 million new monthly transacting users added. Quick commerce (Instamart) saw 107.6% YoY GOV growth, reaching ₹5,655 crore. Overall platform GOV rose 45.2% to ₹14,797 crore, while consolidated adjusted revenue grew 52.7% to ₹5,308 crore. Swiggy expanded its dark store network and introduced 'Maxxsaver' for additional discounts. Despite growth, the company reported an Adjusted EBITDA loss of ₹813 crore, attributed to seasonal investments and annual appraisals.

31Jul 25

Swiggy Reports Strong Q1 FY26 Growth: Food Delivery Up 18.8%, Quick Commerce Soars 108%

Swiggy's Q1 FY26 results show significant growth in key segments. Food delivery GOV increased 18.8% YoY to ₹8,086.00 crore, with MTUs rising to 16.3 million. Instamart, the quick commerce offering, saw a 107.6% YoY increase in GOV to ₹5,655.00 crore. Platform-wide improvements include a 35.2% YoY growth in MTUs to 21.6 million and a 52.7% YoY increase in Consolidated Adjusted Revenue to ₹5,308.00 crore. New initiatives like 'Bolt' for 10-minute food delivery and '99-Store' for affordable meals were introduced. Swiggy aims for 5% Adjusted EBITDA margin in food delivery and contribution margin break-even for quick commerce by Q1 FY27.

31Jul 25

Swiggy Reports Strong Q1 Growth: Food Delivery Up 19%, Quick Commerce Soars 108%

Swiggy's Q1 FY26 results show robust growth across key segments. Food delivery GOV increased 18.8% YoY to ₹8,086.00 crore, with 16.3 million MTUs. Quick commerce (Instamart) saw 107.6% YoY GOV growth to ₹5,655.00 crore. New initiatives like Bolt, Maxxsaver, and 99-Store are gaining traction. Despite growth, the company reported a consolidated loss of ₹1,197.00 crore. Swiggy aims for 5% Adjusted EBITDA margin in food delivery and contribution margin break-even for quick commerce between Q3 FY26 and Q1 FY27.

31Jul 25

Swiggy's Revenue Soars 54% Despite Widening Losses, Re-evaluates Rapido Stake

Swiggy's revenue increased by 54% year-over-year to Rs 4,961.00 crore, while net losses nearly doubled to Rs 1,197.00 crore. The Food Delivery segment faced challenges with declining contribution margins, while Quick Commerce (Instamart) showed strong growth with 108% year-over-year GOV increase. Swiggy launched new initiatives like 99-Store and is re-evaluating its stake in Rapido due to potential conflict of interest.

25Jul 25

Swiggy Reshapes Board Structure and Leadership: Appoints New Directors and Company Secretary

Swiggy has announced significant changes to its board and leadership team. Faraz Khalid, CEO of noon, joins as an Additional Non-Executive Independent Director, while Shailesh Haribhakti is re-appointed as Non-Executive Independent Director. Two nominee directors, Sumer Juneja and Anand Daniel, have resigned. Cauveri Sriram replaces Venkatraman Ramachandran as Company Secretary and Compliance Officer. These changes aim to enhance board independence and corporate governance following Swiggy's public listing.

22Jul 25

Swiggy Shares Soar 8% Amid Food Delivery Sector Optimism

Swiggy's stock rallied nearly 8%, reaching an intraday high of Rs 426.00. The surge follows strong quarterly earnings from peer company Eternal Ltd, boosting investor confidence in the food delivery and quick commerce sector. Swiggy's stock has gained 10.78% over the past month. Elara Securities initiated coverage with an 'Accumulate' rating and a target price of Rs 450.00. Out of 25 analysts tracking Swiggy, 19 maintain 'Buy' ratings. The company's quarterly results are scheduled for July 31.

22Jul 25

Swiggy Shares Soar 8% Amid Food Delivery Sector Optimism

Swiggy's stock rallied nearly 8% in intraday trading, reaching ₹426.00. The company has gained 10.78% over the past month and 6.59% in the last week. The rally was partly driven by strong performance from peer company Eternal Ltd. Elara Securities initiated coverage with an 'Accumulate' rating and a target price of ₹450.00. Out of 25 analysts tracking Swiggy, 19 maintain 'Buy' ratings. The company's quarterly results are scheduled for July 31.

02Jul 25

Swiggy to Discontinue Minis Platform for Small Businesses

Swiggy announced the closure of its small businesses store, Minis, effective August 10, 2025. This decision follows recent changes in Swiggy's operations, including the discontinuation of its Genie service and licensing of private labels. The closure will impact sellers currently using the Minis platform to reach customers. This move appears to be part of Swiggy's broader strategy shift, potentially focusing on streamlining services and concentrating on its core food delivery business.

17Jun 25

Swiggy Elevates Saurav Goyal to Head Driver and Delivery Segment

Swiggy has elevated Saurav Goyal to Senior Vice President and Head of the driver and delivery segment. Goyal, who joined Swiggy's finance team in June 2020, will oversee initiatives to empower the company's delivery partners. He will temporarily maintain his role in Business Finance until a replacement is found. This promotion aims to strengthen Swiggy's delivery ecosystem and maintain its competitive edge in the food delivery market.

29May 25

Swiggy Shares Plummet 41% YTD Amid Widening Losses

Swiggy's stock has fallen 41% year-to-date, trading below its IPO price since February. Q4 results disappointed with a net loss of Rs 1,081.00 crore, exceeding analyst estimates. Profitability concerns and intense market competition are key factors affecting the company's performance. Despite these challenges, most analysts maintain a 'Buy' rating with an average price target suggesting a 28.20% upside potential.

27May 25

Swiggy's Instamart Rebrands, Drops Parent Company Name for Independent Identity

Instamart, Swiggy's quick commerce platform, has undergone a significant rebranding. The company has removed 'Swiggy' from its name and introduced a new logo with an 'S-Pin' icon, maintaining a subtle connection to its parent company. This move reflects Instamart's expansion beyond groceries and tier 1 cities, positioning it as a versatile quick commerce platform. The rebranding will be rolled out gradually over the coming weeks across various touchpoints. This strategic shift suggests Swiggy is giving Instamart more autonomy to grow independently in the competitive quick commerce market.

22May 25

Swiggy's Instamart Faces Mounting Losses Amid Fierce Quick-Commerce Competition

Swiggy's quick-commerce vertical, Instamart, is experiencing significant financial challenges. The platform is losing Rs 18 for every Rs 100 in gross sales, with an adjusted EBITDA loss of Rs 840 crore in Q1 2023. Despite doubling its year-on-year gross order value to Rs 4,670 crore, Instamart's losses have led to a 49% drop in Swiggy's share price. Analysts have revised their outlook, citing ongoing cash burn and fierce competition from rivals like Blinkit. Swiggy aims to achieve contribution break-even for Instamart within 3-5 quarters.

13May 25

Swiggy Shares Plummet 5% as Lock-in Period Expires, Freeing Up ₹6,130 Crore Worth of Stock

Swiggy's share price dropped significantly as its six-month IPO lock-in period ended, making 85% of the company's shares (189.8 crore shares valued at ₹6,130 crore) available for trading. The stock opened 5% lower at ₹305 per share, a 21.79% decline from its IPO price of ₹390. This increased selling pressure highlights the volatility often associated with newly public companies in the competitive food delivery sector.

12May 25

Swiggy Reports Widening Losses, Analysts Remain Bullish

Swiggy, a major rival of Zomato, reported a net loss of ₹1,081.00 crore for the fourth quarter, significantly higher than the previous year. Despite this, 13 out of 20 analysts maintain 'buy' ratings. The company showed strong growth in food delivery but faced challenges in quick commerce. Swiggy has pushed back its contribution break-even target to Q3FY26 to Q2FY27. The food delivery sector continues to prioritize growth over immediate profitability, with fierce competition in emerging segments like quick commerce.