E-Commerce/App based Aggregator
E-Commerce - Platform - Food
from 287 today
In Q1FY27, Instamart reached contribution breakeven and management is confident on growth prospects, leading us to reiterate our BUY rating with a target price of INR 520.
Swiggy reported 1QFY27 net revenue of INR68.1b, with food delivery GOV growing 17.4% YoY and Instamart GOV reaching INR79.1b. We revise our TP to INR350, implying an upside of 18%, as focus shifts back to quick commerce growth and contribution margins remain range-bound.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
