Board Change • Jun 02
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Faraz Khalid was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Price Target Changed • May 13
Price target decreased by 8.2% to ₹378 Down from ₹412, the current price target is an average from 27 analysts. New target price is 49% above last closing price of ₹253. Stock is down 18% over the past year. The company is forecast to post a net loss per share of ₹8.60 next year compared to a net loss per share of ₹16.87 last year. Reported Earnings • May 09
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: ₹16.87 loss per share (further deteriorated from ₹13.73 loss in FY 2025). Revenue: ₹230.5b (up 51% from FY 2025). Net loss: ₹41.5b (loss widened 33% from FY 2025). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 7.2%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in India. Announcement • May 08
Swiggy Limited to Report Q4, 2026 Results on May 08, 2026 Swiggy Limited announced that they will report Q4, 2026 results on May 08, 2026 Buy Or Sell Opportunity • Apr 15
Now 23% overvalued Over the last 90 days, the stock has fallen 21% to ₹272. The fair value is estimated to be ₹221, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has declined by 5.1%. Revenue is forecast to grow by 65% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Breakeven Date Change • Mar 31
Forecast to breakeven in 2029 The 24 analysts covering Swiggy expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹10.5b in 2029. Average annual earnings growth of 83% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 02
No longer forecast to breakeven The 25 analysts covering Swiggy no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₹2.32b in 2028. New consensus forecast suggests the company will make a loss of ₹1.42b in 2028. Breakeven Date Change • Jan 30
No longer forecast to breakeven The 24 analysts covering Swiggy no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₹1.51b in 2028. New consensus forecast suggests the company will make a loss of ₹2.75b in 2028. Reported Earnings • Jan 30
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: ₹4.36 loss per share (further deteriorated from ₹3.48 loss in 3Q 2025). Revenue: ₹61.5b (up 54% from 3Q 2025). Net loss: ₹10.7b (loss widened 33% from 3Q 2025). Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Hospitality industry in India. Announcement • Jan 19
Swiggy Limited to Report Q3, 2026 Results on Jan 29, 2026 Swiggy Limited announced that they will report Q3, 2026 results on Jan 29, 2026 New Risk • Dec 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Dec 11
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: ₹4.59 loss per share (further deteriorated from ₹2.81 loss in 2Q 2025). Revenue: ₹55.6b (up 54% from 2Q 2025). Net loss: ₹10.9b (loss widened 74% from 2Q 2025). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Hospitality industry in India. Announcement • Dec 10
Swiggy Limited has filed a Follow-on Equity Offering. Swiggy Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Price(minimum): INR 390.51
Transaction Features: Regulation S; Subsequent Direct Listing Reported Earnings • Oct 31
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: ₹4.59 loss per share (further deteriorated from ₹2.80 loss in 2Q 2025). Revenue: ₹55.6b (up 54% from 2Q 2025). Net loss: ₹10.9b (loss widened 75% from 2Q 2025). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Hospitality industry in India. Announcement • Oct 22
Swiggy Limited to Report Q2, 2026 Results on Oct 30, 2025 Swiggy Limited announced that they will report Q2, 2026 results on Oct 30, 2025 Announcement • Sep 24
MIH Investments One B.V. agreed to acquire an unknown minority stake in Roppen Transportation Services Private Limited from Swiggy Limited (NSEI:SWIGGY) for INR 19.7 billion. MIH Investments One B.V. agreed to acquire an unknown minority stake in Roppen Transportation Services Private Limited from Swiggy Limited (NSEI:SWIGGY) for INR 19.7 billion on September 23, 2025.
The transaction is subject to approval completion of customary, approval of Competition Commission of India and approval from the shareholders of Swiggy Limited (NSEI:SWIGGY). Reported Earnings • Jul 31
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: ₹13.73 loss per share (further deteriorated from ₹10.70 loss in FY 2024). Revenue: ₹152.3b (up 35% from FY 2024). Net loss: ₹31.2b (loss widened 33% from FY 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Announcement • Jul 29
Swiggy Limited, Annual General Meeting, Aug 21, 2025 Swiggy Limited, Annual General Meeting, Aug 21, 2025, at 10:00 Indian Standard Time. Announcement • Jul 10
Swiggy Limited to Report Q1, 2026 Results on Jul 31, 2025 Swiggy Limited announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 10
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: ₹13.72 loss per share (further deteriorated from ₹10.70 loss in FY 2024). Revenue: ₹156.2b (up 39% from FY 2024). Net loss: ₹31.2b (loss widened 33% from FY 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Buy Or Sell Opportunity • May 05
Now 27% overvalued Over the last 90 days, the stock has fallen 21% to ₹344. The fair value is estimated to be ₹270, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 48% per annum over the same time period. Announcement • May 01
Swiggy Limited to Report Q4, 2025 Results on May 09, 2025 Swiggy Limited announced that they will report Q4, 2025 results on May 09, 2025 Announcement • Apr 11
Swiggy Limited Announces Resignation of Sahil Barua as Independent Director, Effective April 11, 2025 Swiggy Limited announced that Mr. Sahil Barua has tendered his resignation as independent director of the Company, with effect from close of business hours on April 11, 2025 due to increased work commitments. Buy Or Sell Opportunity • Apr 09
Now 20% overvalued Over the last 90 days, the stock has fallen 33% to ₹340. The fair value is estimated to be ₹283, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 57% per annum over the same time period. Breakeven Date Change • Apr 02
Forecast to breakeven in 2028 The 17 analysts covering Swiggy expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹485.0m in 2028. Average annual earnings growth of 55% is required to achieve expected profit on schedule. New Risk • Apr 01
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: ₹26b Forecast net loss in 3 years: ₹1.1b This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (₹1.1b net loss in 3 years). Share price has been volatile over the past 3 months (8.8% average weekly change). Breakeven Date Change • Apr 01
Forecast to breakeven in 2028 The 17 analysts covering Swiggy expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹6.26b in 2028. Average annual earnings growth of 61% is required to achieve expected profit on schedule. Reported Earnings • Feb 06
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: ₹3.48 loss per share. Net loss: ₹7.99b (flat on 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Hospitality industry in India. Buy Or Sell Opportunity • Jan 27
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at ₹410. The fair value is estimated to be ₹531, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year. Earnings per share has grown by 29%. Revenue is forecast to grow by 79% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Breakeven Date Change • Jan 16
No longer forecast to breakeven The 14 analysts covering Swiggy no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₹2.47b in 2027. New consensus forecast suggests the company will make a loss of ₹4.51b in 2027. Breakeven Date Change • Jan 01
No longer forecast to breakeven The 11 analysts covering Swiggy no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₹2.47b in 2027. New consensus forecast suggests the company will make a loss of ₹642.1m in 2027. Reported Earnings • Dec 04
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: ₹2.80 loss per share. Net loss: ₹6.26b (flat on 2Q 2024). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Hospitality industry in India. Announcement • Nov 27
Swiggy Limited to Report Q2, 2025 Results on Dec 03, 2024 Swiggy Limited announced that they will report Q2, 2025 results on Dec 03, 2024 Board Change • Nov 14
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Suparna Mitra was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.