Swiggy Ltd.
SWIGGYConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
7 transcript(s)/analyst meet(s) served; 4 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 7 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20241209 | 2024-09-30 | yes | |
| DUPLICATE | 20241209 | 2024-09-30 | no | |
| TRANSCRIPT | 20250207 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250514 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250806 | 2025-06-30 | yes | |
| DUPLICATE | 20250806 | 2025-06-30 | no | |
| TRANSCRIPT | 20251106 | 2025-09-30 | yes | |
| DUPLICATE | 20251106 | 2025-09-30 | no | |
| TRANSCRIPT | 20260204 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260514 | 2026-03-31 | yes | |
| DUPLICATE | 20260514 | 2026-03-31 | no | |
| TRANSCRIPT | 20260805 | 2026-06-30 | yes |
SWIGGY
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 267.45 |
| 52-week range | 238.75 – 448.4 |
| Return 1M | -6.94% |
| Return 3M | 11.09% |
| Return 1Y | -39.0% |
| Return 3Y | not reported for this period |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 6,812.00 |
| Other income | 211.00 |
| Total income | 7,023.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 2,978.00 |
| Changes in inventories | -3.00 |
| Employee benefit expense | 662.00 |
| Finance costs | 53.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | not disclosed | — |
| institutions foreign | 0.14 | -0.01 |
| institutions domestic | 0.27 | 0.02 |
| mutual funds | 0.23 | 0.03 |
| public | 0.95 | 0.01 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| DUPLICATE | 2026-03-31 | 4 |
| TRANSCRIPT | 2026-06-30 | 8 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,601.00 | 3,993.00 | 4,410.00 | 4,961.00 | 5,561.00 | 6,148.00 | 6,383.00 | 6,812.00 |
| Other income | 85.00 | 103.00 | 121.00 | 87.00 | 59.00 | 96.00 | 266.00 | 211.00 |
| Total income | 3,686.00 | 4,096.00 | 4,531.00 | 5,048.00 | 5,620.00 | 6,244.00 | 6,649.00 | 7,023.00 |
| Cost of materials consumed | 9.00 | 6.00 | 5.00 | 13.00 | 13.00 | 8.00 | 11.00 | 0.00 |
| Purchases of stock-in-trade | 1,384.00 | 1,557.00 | 1,849.00 | 2,058.00 | 2,330.00 | 2,757.00 | 2,899.00 | 2,978.00 |
| Changes in inventories | -5.00 | 1.00 | -1.00 | -7.00 | -1.00 | -19.00 | 5.00 | -3.00 |
| Employee benefit expense | 607.00 | 657.00 | 696.00 | 686.00 | 690.00 | 673.00 | 667.00 | 662.00 |
| Finance costs | 23.00 | 26.00 | 32.00 | 41.00 | 48.00 | 55.00 | 56.00 | 53.00 |
| Depreciation and amortisation | 131.00 | 154.00 | 206.00 | 288.00 | 304.00 | 313.00 | 312.00 | 298.00 |
| Other expenses | 2,161.00 | 2,497.00 | 2,822.00 | 3,165.00 | 3,327.00 | 3,511.00 | 3,498.00 | 3,825.00 |
| Total expenses | 4,310.00 | 4,898.00 | 5,610.00 | 6,244.00 | 6,711.00 | 7,298.00 | 7,448.00 | 7,813.00 |
| Profit before exceptional items and tax | -623.00 | -802.00 | -1,079.00 | -1,196.00 | -1,091.00 | -1,054.00 | -799.00 | -790.00 |
| Exceptional items | -2.00 | 3.00 | 0.00 | 0.00 | 0.00 | -10.00 | 0.00 | 0.00 |
| Profit before tax | -625.00 | -799.00 | -1,079.00 | -1,196.00 | -1,091.00 | -1,064.00 | -799.00 | -790.00 |
| Current tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit for the period | -626.00 | -799.00 | -1,081.00 | -1,197.00 | -1,092.00 | -1,065.00 | -800.00 | -791.00 |
| Profit attributable to owners | -626.00 | -799.00 | -1,081.00 | -1,197.00 | -1,092.00 | -1,065.00 | -800.00 | -792.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -2.00 | -1.00 | -1.00 | -2.00 | 1,349.00 | -1.00 | 0.00 | -1.00 |
| Total comprehensive income | -627.00 | -800.00 | -1,083.00 | -1,199.00 | 257.00 | -1,066.00 | -800.00 | -792.00 |
| Earnings per share, basic | -2.80 | -3.48 | -4.60 | 5.04 | -4.59 | -4.36 | -3.34 | -2.96 |
| Earnings per share, diluted | -2.80 | -3.48 | -4.60 | 5.04 | -4.59 | -4.36 | -3.34 | -2.96 |
Annual results, as filed
| Line | 2025-03-31 | 2026-03-31 |
|---|---|---|
| Revenue from operations | 15,227.00 | 23,053.00 |
| Other income | 396.00 | 508.00 |
| Total income | 15,623.00 | 23,561.00 |
| Cost of materials consumed | 28.00 | 45.00 |
| Purchases of stock-in-trade | 5,985.00 | 10,044.00 |
| Changes in inventories | -12.00 | -22.00 |
| Employee benefit expense | 2,549.00 | 2,716.00 |
| Finance costs | 101.00 | 200.00 |
| Depreciation and amortisation | 612.00 | 1,217.00 |
| Other expenses | 9,462.00 | 13,501.00 |
| Total expenses | 18,725.00 | 27,701.00 |
| Profit before exceptional items and tax | -3,103.00 | -4,140.00 |
| Exceptional items | -12.00 | -10.00 |
| Profit before tax | -3,114.00 | -4,150.00 |
| Current tax | 0.00 | 0.00 |
| Deferred tax | 0.00 | 0.00 |
| Tax expense | 0.00 | 0.00 |
| Profit for the period | -3,117.00 | -4,154.00 |
| Profit attributable to owners | -3,117.00 | -2,808.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 |
| Other comprehensive income | 1.00 | 1,346.00 |
| Total comprehensive income | -3,116.00 | -2,808.00 |
| Earnings per share, basic | -13.72 | -16.87 |
| Earnings per share, diluted | -13.72 | -16.87 |
Balance sheet, as filed
| Line | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|
| Total assets | 10,430.00 | 15,205.00 | 15,792.00 | 25,237.00 |
| Non-current assets | 4,158.00 | 6,100.00 | 5,154.00 | 8,910.00 |
| Current assets | 6,272.00 | 9,106.00 | 10,638.00 | 16,327.00 |
| Property, plant and equipment | 491.00 | 1,059.00 | 1,188.00 | 1,304.00 |
| Capital work-in-progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 696.00 | 696.00 | 696.00 | 696.00 |
| Other intangible assets | 279.00 | 251.00 | 229.00 | 214.00 |
| Inventories | 59.00 | 55.00 | 67.00 | 76.00 |
| Trade receivables | 1,432.00 | 2,463.00 | 2,895.00 | 4,048.00 |
| Cash and cash equivalents | 592.00 | 1,231.00 | 1,170.00 | 2,747.00 |
| Total equity and liabilities | 10,430.00 | 15,205.00 | 15,792.00 | 25,237.00 |
| Equity | 7,081.00 | 10,219.00 | 9,797.00 | 18,314.00 |
| Equity share capital | 13,440.00 | 229.00 | 232.00 | 261.00 |
| Other equity | -6,359.00 | 9,991.00 | 9,565.00 | 18,053.00 |
| Total liabilities | 3,348.00 | 4,986.00 | 5,995.00 | 6,923.00 |
| Non-current liabilities | 811.00 | 1,398.00 | 1,975.00 | 2,046.00 |
| Current liabilities | 2,537.00 | 3,588.00 | 4,020.00 | 4,877.00 |
| Borrowings, non-current | 117.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 108.00 | 28.00 | 127.00 | 100.00 |
| Trade payables | 1,198.00 | 1,818.00 | 1,885.00 | 2,278.00 |
Cash flow, as filed
| Line | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|
| Net cash from operating activities | -691.00 | -2,169.00 | -1,522.00 | -2,898.00 |
| Net cash from investing activities | 529.00 | -1,372.00 | 1,632.00 | -4,983.00 |
| Net cash from financing activities | -114.00 | 3,903.00 | -171.00 | 9,397.00 |
| Purchase of property, plant and equipment | 171.00 | 751.00 | 508.00 | 919.00 |
| Net increase in cash | -277.00 | 361.00 | -61.00 | 1,516.00 |
| con:CFO.BEFORE_TAX | -746.00 | -2,209.00 | -1,496.00 | -2,876.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | -54.00 | -40.00 | 26.00 | 22.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 1.00 | 7.00 | 1.00 | 8.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2024-11-13 | 2024-12-31 | 2025-03-31 | 2025-05-02 | 2025-06-30 | 2025-09-30 | 2025-12-13 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — |
| Domestic institutions | 8.12 | 7.75 | 9.33 | 8.65 | 13.54 | 0.16 | 0.24 | 0.23 | 0.25 | 0.27 |
| Mutual funds | — | — | — | — | 9.85 | 0.12 | 0.19 | 0.17 | 0.20 | 0.23 |
| Insurance companies | 1.64 | 1.40 | 1.74 | 1.36 | 2.48 | 0.02 | 0.04 | 0.03 | 0.03 | 0.03 |
| Foreign institutions | 5.22 | 6.18 | 4.90 | 4.52 | 7.37 | 0.12 | 0.13 | 0.16 | 0.15 | 0.14 |
| Public | 100.00 | 100.00 | 100.00 | 91.84 | 92.28 | 0.93 | 0.94 | 0.94 | 0.94 | 0.95 |
| Non-institutional | 86.67 | 86.07 | 85.76 | 78.67 | 71.37 | 0.65 | 0.57 | 0.55 | 0.54 | 0.54 |
| Shares outstanding | 2238447311 | 2238447311 | 2286480881 | 2493646892 | 2493646892 | 2493646892 | 2760313555 | 2760313555 | 2760313555 | 2760313555 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Scootsy Logistics Private Limited | Subsidiary of Swiggy Limited | Any other transaction, Interest received, Investment | 14,859,910,000.00 | 13 |
| Sriharsha Majety | Managing Director and Group Chief | Any other transaction, Remuneration | 2,954,460,000.00 | 3 |
| Supr Infotech Solutions Private Limited | Subsidiary of Swiggy Limited | Any other transaction, Inter-corporate deposit, Inte | 655,160,000.00 | 14 |
| Lakshmi Nandan Reddy Obul | Whole time Director and Head of In | Any other transaction, Remuneration | 467,390,000.00 | 3 |
| Phani Kishan Addepalli | Director | Any other transaction, Remuneration | 247,090,000.00 | 3 |
| Rahul Bothra | Chief Financial Officer | Any other transaction, Remuneration | 177,770,000.00 | 3 |
| Anand Thirumalachar Kripalu | Director | Any other transaction | 5,050,000.00 | 2 |
| Loyal Hospitality Private Limited | Group Company - Associate of Swigg | Any other transaction | 4,710,000.00 | 3 |
| Shailesh V Haribhakti | Director | Any other transaction | 4,200,000.00 | 2 |
| Suparna Mitra | Director (wef April 01, 2024) | Any other transaction | 3,800,000.00 | 2 |
| M Sridhar | Company Secretary (wef April 01, 2 | Any other transaction, Remuneration | 3,410,000.00 | 3 |
| Vijayawada Hospitalities Private Limited | Group Company | Any other transaction, Sale of goods or services | 510,000.00 | 2 |
| Surendranath Majety (Hotel Minerva) | Group Company | Sale of goods or services | 290,000.00 | 1 |
| Loyal Hospitality Kitchens Private Limited | Group Company - Subsidiary of Asso | Any other transaction, Sale of goods or services | 0.00 | 2 |
| Surendranath Majety (Hotel Minerva) | Group Company | Any other transaction | 0.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-05-14 | Q4FY26 | Read the call | |
| 2026-02-04 | Q3FY26 | Read the call | |
| 2025-11-06 | Q2FY26 | Read the call | |
| 2025-08-06 | Q1FY26 | Read the call | |
| 2025-05-14 | Q4FY25 | Read the call | |
| 2025-02-07 | Q3FY25 | Read the call | |
| 2024-12-09 | Q2FY25 | Read the call |
What they said about it, quarter by quarter
| Topic | Q1FY26 | Q2FY25 | Q2FY26 | Q3FY25 | Q3FY26 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|
| Capex | And a large part, almost 75% of the CAPEX, which was done, was done in warehousing increase, right? | — | So, these customer backward choices that we have made around the network design and the capacity addition that we have done ahead of time puts us in a… | — | One is that the capex seems high, despite that we've not added a lot of stores. | 500 crores increase in the working capital investments and capex of Rs. | The last question is in terms of capex. |
| Capital allocation | No, the fixed cost is more of a consumer acquisition cost. | — | So in large part, marketing is one place that will kind of go up or down depending on how we see the customer adoption and new customer acquisition … | Second, how consumer incentives are given, customer acquisition, between these two levers, can you highlight? | While I understand your decision to cut spend, especially on poor order quality or lower order quality, but why not redirect those investments towards… | As I had mentioned in the recent past, we had seen some amount of heightened competitive reasons and therefore the customer acquisition costs were hig… | Beyond that, at the nondirect expenses, things like new user acquisition costs, et cetera, how should one model that in going forward, especially give… |
| Costs | — | — | — | — | And broadly speaking, your views on how your scale can drive better input costs into your quick commerce operations would be helpful. | — | — |
| Debt and cash | — | — | Working capital improvement was very sharp this time. | Just a last question on working capital. | My second question is, now that you have -- from a balance sheet point of view, you now have a cash balance of almost $2 billion and I know that the w… | On the working capital side, this is more of a point in time period. | Free cash flow annualized is about, say, negative $400 million so, I just wanted your thoughts on that scale of loss? |
| Demand | It is a season where harvest season is there and some other impact comes through and we do have to invest a little bit more on the rider side to keep … | And the set of initiatives that we launched in the last quarter and what we have in the pipeline gives us some confidence to say that we have a realis… | — | Just a quick question on the demand on food delivery consumption. | — | This is in the context of your peer actually shutting this line of shorter duration food delivery down, suggesting demand has not been as helpful. | And we are catering to greater than 90% of the demand. So store addition from here is for more densification or a choice that we make when we have t… |
| Guidance | Specifically, the financial guidance and pro forma information that we will provide on this call are Management estimates based on certain assumptions… | Firstly, on food delivery, you're guiding for outpacing the category growth. | We would like to inform you that the management can make certain comments on this call that one could deem forward-looking statements. Specifically,… | Now, this is an important determinant of our medium-term guidance on contribution margin, as well as if you see our take-rate has expanded and continu… | Specifically, the financial guidance and pro forma information that we will provide on this call are management estimates based on certain assumptions… | So the next question is on your guidance per say, now it seems that you have tweaked your guidances twice post listing. | And where do we expect that proportion to be as a percentage of NOV in terms of differentiated offerings? |
| Margin | In line with the same, our contribution margin has improved by 100 bps quarter-on-quarter. | We saw strong MTU growth with our platform MTUs going up by 18% to 17.1 million users and our consolidated adjusted EBITDA loss shrunk by 30% to INR34… | We've also demonstrated even in the current quarter, how we've been able to move the contribution margin profile. | Second question, wanted to understand a bit on the impact on contribution margin, what we saw; now clearly there are two big parts to it, right; One, … | In terms of your question around your ability to pay faster to vendors and therefore get a higher margin, I think it's a combination of optimizing bot… | Having said that, the peak of the contribution margin investment is behind us. | So first, with this private label and with Noice that you spoke about, is that contribution margin positive for you in quick commerce, private label a… |
| People | — | — | So Rahul, as in the past, when you gave some breakdown about how the CM actually fell in those quarters, if you could give a similar breakdown on how … | — | The scale of operations, which effectively is measured in either GOV per store or the number of orders per store, will have an impact on the better ut… | As you have seen, our network has expanded very rapidly over the H2 of last financial year, which means there's a certain amount of underutilization o… | And we don't see the necessity to add stores necessarily over at least the next few quarters considering the current utilization that we have. |
| Pricing | — | And there's also like incremental, small increases even in let's say pricing that do come up for the day. | Because depending on how much competitive intensity we are seeing, we also choose not to respond during various times because there could be some amou… | — | — | — | Would that mean that you would have to be more aggressive on pricing again or do you think the pricing right now in the market is just at an irrationa… |
| Revenue growth | If you look at the history also, it has not had a significant impact on the growth of the top players in the quick commerce, because it is a very impo… | What do you think is going to be the impact of all of these new initiatives on the growth of the food business? | But what we have seen generally wherever the growth of Maxxsaver is there, the growth of OPD also is there, and there are more mature customers coming… | My point, Amitesh, was in terms of the order growth was only 7% sequentially. | At the same time, I think there's both the top line in terms of the overall margin structure that has to improve as well as trade days that have to co… | The NOV growth was around 16-ish- percent, GOV around 20%. | One is a medium-term growth of 18% to 20% and an EBITDA margin of steady state 5%. Now the question is that there is a large part of India, which ha… |