Swiggy Share Price: Brokerages bullish on company after Q4 show; maintain ‘BUY’ - Check target - Markets | Latest News Updates

Swiggy Share Price Target 2026: Food delivery and quick commerce company Swiggy, which recently announced its Q4 results, received bullish outlook from two brokerage firms on the back of strong traction in the food delivery vertical although the company’s quick commerce venture struggles to keep afloat.

Brokerage firm Nuvama has maintained buy rating on Swiggy with a target price of Rs 281. Meanwhile, Emkay also maintained buy rating on the company with a target price of Rs 350.

Swiggy narrowed its consolidated net loss to Rs 800 crore for March quarter FY26. The company, which owns Instamart, had incurred a loss of Rs 1,081 crore in the year-ago period.

Revenue from operations jumped 44.74 per cent to Rs 6,383 crore in Q4 FY26.

During the quarter, Swiggys platform average monthly transacting users (MTU) grew 27.2 per cent YoY to 25.2 million, while gross order value (GOV) rose 40.7 per cent to Rs 18,131 crore. The company’s adjusted EBITDA loss narrowed to Rs 652 crore in Q4 FY26 from Rs 732 crore in Q4 FY25.

In the food delivery business, GOV increased 22.57 per cent to Rs 9,005 crore in Q4 FY26, compared with Rs 7,347 crore in Q4 FY25. Adjusted revenue from the segment rose 23.41 per cent YoY to Rs 2,304 crore in Q4 FY26.

In quick commerce segment, Instamarts GOV grew 68.8 per cent YoY to Rs 7,881 crore in Q4 FY26. Average order value increased 32.83 per cent YoY to Rs 700 per order, driven by a sustained non-grocery mix and larger basket sizes, reflecting deeper engagement across user cohorts. The companys total dark store area increased to more than 4.8 million square feet, up 21.1 per cent YoY. The company added 7 dark stores during the quarter, taking the total count to 1,143 stores across 129 cities.

From a guidance perspective, the company maintained its medium-term adjusted EBITDA margin target of 5 per cent of GOV and said it continues to progressively move towards that goal. In its shareholder letter, Swiggy stated that it sees itself scaling into a net order value business of over Rs 1 lakh crore with 45 per cent EBITDA margins over the medium term.

Swiggy Q3 results FY 2026

Swiggy’s consolidated net loss widened to Rs 1,065 crore in Q3 FY26 from Rs 799 crore loss recorded in the year-ago period. The loss is attributable to the owners of the company.

Swiggy’s revenue from operations jumped 54 per cent year-on-year (YoY) at Rs 6,148 crore in Q3 FY26 against Rs 3,993 crore in the corresponding period of the previous financial year.

On a sequential basis, the net loss narrowed from Rs 1,092 crore in Q2 FY26. The topline reported an 11 per cent quarter-on-quarter growth as compared to Rs 5,561 crore reported in the July-September quarter.

(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience consult their financial advisors before making any money-related decisions.)

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