Swiggy Ltd.
NSE: SWIGGY · E-Retail/ E-Commerce
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.
Price
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Key Metrics
P/E
-478.9x
Q4 FY26 · consolidated
EV/EBITDA
-60.9x
Q4 FY26 · consolidated
NET PROFIT MARGIN
12.5%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.0x
Q4 FY26 · consolidated
Peers · E-Retail/ E-Commerce
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Swiggy Ltd.SWIGGY | 77,233 | -478.88 | -60.88 | — | -4.9% | -20.9% | -17.0% | -30.0% |
FSN E-Commerce Ventures Ltd.NYKAA | 68,860 | 470.80 | 119.23 | 26.1% | 7.8% | 15.3% | 24.5% | +50.6% |
MeeshoMEESHO | 68,368 | — | — | — | -12.0% | — | — | — |
Urban Company LimitedURBANCO | 16,771 | — | — | — | -16.0% | — | — | — |
Brainbees Solutions Ltd.FIRSTCRY | 11,745 | -453.60 | 23.90 | 11.6% | 5.9% | -0.6% | 1.6% | -44.1% |
CarTrade Tech LimitedCARTRADE | 8,218 | 60.11 | 38.78 | 21.5% | 44.6% | 10.7% | 12.0% | +46.9% |
As of Q4 FY26
Financials
Swiggy Ltd.
NSE: SWIGGY · E-Retail/ E-Commerce
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.
Price
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Start your research today
Unlock AI insights, financials, peers and live data on Swiggy Ltd. and 5,000+ companies — free.
Key Metrics
P/E
-478.9x
Q4 FY26 · consolidated
EV/EBITDA
-60.9x
Q4 FY26 · consolidated
NET PROFIT MARGIN
12.5%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.0x
Q4 FY26 · consolidated
Peers · E-Retail/ E-Commerce
As of Q4 FY26