Swiggy’s stock witnessed a surge, hitting a day’s high of ₹534.80, marking a 6.56% increase, following key takeaways from the company’s recent concall. The management highlighted profitability and growth targets across its business segments, boosting investor sentiment.
Key highlights from Swiggy’s concall:
- Profitability goals: Targeting consolidated profitability by Q3FY26.
- Food delivery growth: Estimated growth between 18-22% annually.
- EBITDA margins: Aiming for steady improvement toward a 3% EBITDA margin for the food delivery business.
- Quick commerce segment: Expected to achieve EBITDA break-even by Q2FY27.
CMP: ₹518.35 (+3.29%) at 9:22AM
Day’s High: ₹534.80 (+6.56%)
Swiggy’s focus on balancing growth with profitability, especially in the competitive quick commerce space, has been well received by the market, reflected in its strong stock performance today.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
