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HinduBusinessLine

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Broker’s call: Swiggy (Accumulate)

  • Swiggy is positioned for growth and profitability in the e-commerce industry, particularly in food delivery and quick commerce.
  • The company is focusing on improvements in average order value and take rate for Instamart to achieve positive contribution margin by Q1FY27.
  • Expectation of a 33% sales CAGR during FY25-28E and turning EBITDA and PAT positive by FY28E.
  • Initiation of an Accumulate rating with a target price of ₹450 based on Sum-of-the-Parts valuation.

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