Archive · 23 Jun 2025
Analysts Bullish on Swiggy: Quick Commerce to Drive Growth
Swiggy, the food delivery and quick commerce company, is getting positive reviews from financial analysts.
They believe Swiggy's Instamart (grocery delivery) could be a big money-maker in the future.
Despite losing ground to Zomato in the past, Swiggy is making a comeback in food delivery, and analysts predict they will grow faster.
Analysts expect Swiggy's quick commerce business to reach a high value, even though it's currently losing money.
They believe it has a lot of potential and can improve by using stores more efficiently, forming better partnerships, and increasing order values.
Brokerage firms initiated coverage on Swiggy with an 'Outperform' rating.
BNP Paribas expects Swiggy's quick commerce arm, Instamart, to be a major value driver.
Swiggy holds 43% of food delivery gross order value and is predicted to outperform Zomato in sales.
Swiggy's quick commerce is forecasted to reach $5 billion in net order value by FY28.
Analysts cited potential for margin expansion through strategies like higher store utilization.
- Who
- BNP Paribas, IIFL Securities, HDFC Securities, Anand Rathi Shares & Stock Brokers, and Swiggy.
- What
- Analysis of Swiggy's market position and future potential, as seen by various brokerage firms.
- When
- Coverage initiation and projections for future fiscal years, especially FY28.
- Where
- India's food delivery and quick commerce market.
- Why
- To evaluate Swiggy's performance and growth prospects in the competitive food delivery and quick commerce sectors.
- Swiggy Rating
- Outperform (BNP Paribas)
- Swiggy FD market share
- 43% of gross order value
- Instamart NOV by FY28
- $5 billion
- Swiggy's FD expected growth
- Outpace Zomato in sales and EBITDA growth
- Swiggy's QC EBITDA Loss FY28
- $150 million
