Swiggy Ltd.

NSE: SWIGGY · E-Retail/ E-Commerce

52W Range₹236 ₹464

Snapshot

Unlock Swiggy Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Swiggy Limited is a prominent Indian hyperlocal commerce platform providing food delivery, quick commerce through Swiggy Instamart, and various lifestyle services including restaurant reservations and event bookings. The company operates an integrated ecosystem that facilitates on-demand delivery and local service discovery across India.

Business Model

The company generates revenue primarily through commissions charged to restaurant partners, delivery fees from consumers, and advertising services on its platform. It also monetises its quick commerce and hyperlocal logistics services through transaction-based fees and service charges.

Growth Outlook

Growth is expected to be driven by the expansion of the quick commerce segment, increasing penetration in Tier-2 and Tier-3 cities, and the cross-selling of lifestyle services to its existing user base.

Key Risks

  • Intense Market Competition. The company faces aggressive competition from well-capitalised players in both the food delivery and quick commerce sectors, which may pressure margins.
  • Regulatory and Labour Risks. Changes in regulations regarding gig worker classification and platform-based employment could significantly increase operational costs.
  • Profitability Challenges. The business model relies on high transaction volumes to offset logistics costs, making the path to sustained profitability sensitive to consumer spending patterns.
  • Operational Execution. Maintaining service quality and delivery efficiency across a vast, fragmented hyperlocal network remains a complex operational challenge.

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Key Metrics

REVENUE

₹24,904 Cr

TTM · consolidated

+46.8%YoY

NET PROFIT

₹-3,748 Cr

TTM · consolidated

-1.2%YoY

EPS

₹-15.25

TTM · consolidated

-161.1%YoY

RETURN ON EQUITY

-26.3%

TTM · consolidated

+9.9 ppYoY

RETURN ON CAPITAL EMPLOYED

-22.1%

TTM · consolidated

+8.7 ppYoY

P/E

-18.1x

Q1 FY27 · consolidated

-18.1 vs -28.2x5Y avg

EV/EBITDA

-32.1x

Q1 FY27 · consolidated

-32.1 vs -31.8x5Y avg

EBITDA MARGIN

-9.2%

TTM · consolidated

+7.3 ppYoY

NET PROFIT MARGIN

-11.6%

Q1 FY27 · consolidated

+12.5 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

+0.01xYoY

Peers · E-Retail/ E-Commerce

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Swiggy Ltd.SWIGGY
₹76,212 Cr-18.10-32.0546.8%-9.2%-26.3%-22.1%-34.7%
MeeshoMEESHO
₹96,105 Cr-4.0%
FSN E-Commerce Ventures Ltd.NYKAA
₹95,222 Cr373.60108.8027.4%8.3%18.9%28.8%+38.8%
Urban Company LimitedURBANCO
₹27,927 Cr-81.57-166.07-9.8%-15.6%-9.9%
CarTrade Tech LimitedCARTRADE
₹14,408 Cr61.9238.8520.0%45.8%10.8%12.3%+17.4%
Brainbees Solutions Ltd.FIRSTCRY
₹9,406 Cr-69.5620.6811.7%5.4%-3.8%0.1%-48.8%

As of Q1 FY27

Financials