SWIGGY

Swiggy Limited clarified proposed amendments to its Articles of Association. A special resolution for these amendments received 72.36% shareholder approval, falling short of the 75% threshold by 2.64%. The company stated these amendments aim for strong governance, transparency, and shareholder accountability, defining director nomination rights for key co-founders tied to economic interest. Swiggy confirmed it is working constructively with shareholders to address concerns and achieve a positive outcome.

Swiggy announced the results of its postal ballot. Resolution No. 1, seeking approval for the alteration of the Articles of Association, failed to pass, receiving 72.36% votes in favour, falling short of the required threshold. Consequently, proposed appointments of Additional (Executive, Non-Independent) Directors will not take effect. Resolution No. 2, for the appointment of Mr. Renan De Castro Alves Pinto as a Non-Executive, Non-Independent Nominee Director, was passed with a majority of 98.98% votes.

Management guided for Food Delivery to achieve 18-20% medium-term growth with a 5% steady-state EBITDA margin. For Quick Commerce, the company achieved contribution margin breakeven for the full quarter, with top cities already at 3% positive contribution margin and EBITDA breakeven. Medium-term guidance for Quick Commerce is INR 1 lakh crore NOV in 3-6 years, translating to a 35-50% CAGR. Capex of INR 195 crores in Q4 was mainly for warehousing investments and is expected to moderate significantly. Future growth will be driven by differentiated offerings, improved operating leverage, and efficient customer acquisition, focusing on user retention and higher frequency. The company anticipates healthy MTU growth after low-frequency user churn normalizes in the next two quarters and expects sequential improvement in negative cash from operations.

Swiggy Limited clarified its proposed amendment to the Articles of Association, which addresses Board nomination and management continuity. This amendment is part of Swiggy's broader initiative to become an Indian Owned and Controlled Company (IOCC) once resident shareholding exceeds 50%. The company stated that appropriate governance architecture is crucial for this endeavour, but the proposed amendments alone do not immediately classify it as an IOCC, requiring further shareholder approval and corporate actions.

Swiggy Limited announced its schedule for upcoming investor meetings in May and June 2026. The company will participate in conferences hosted by Goldman Sachs (May 18-19 in Hong Kong), Bank of America (June 01 in Mumbai), Morgan Stanley (June 02 in Mumbai), Citi (June 04 in Mumbai), and ICICI Securities (June 08 in Mumbai), engaging with analysts and institutional investors.

Swiggy Limited announced on May 09, 2026, the availability of the audio recording of its Conference Call for Analysts and Investors held on May 08, 2026. The recording is accessible on the company's investor relations website for information and records.

Swiggy reported strong results for the financial year ended March 31, 2026, with Overall Revenue surging 45% YoY to INR 6,383 Cr and losses narrowing by INR 281 Cr YoY. For Q4 FY26, Food Delivery GOV grew 22.6% YoY to INR 9,005 Cr, and Adjusted EBITDA increased 39.8% YoY to INR 297 Cr, with its margin improving 41bps YoY to 3.3%. Instamart also showed strong growth with GOV up 68.8% YoY to INR 7,881 Cr for the quarter.

Swiggy reported Consolidated Adjusted Revenue of ₹6,665 Cr for Q4FY26 vs ₹4,718 Cr in the previous year (▲41.3% YoY). Consolidated Adjusted EBITDA Loss was ₹652 Cr, improving by 10.9% YoY from a loss of ₹732 Cr in the previous year. Food delivery GOV grew 22.6% YoY to ₹9,005 Cr with Adjusted EBITDA improving by 39.8% YoY to ₹297 Cr, and margins expanding to 3.3% (+41bps YoY). Quick commerce GOV grew 68.8% YoY to ₹7,881 Cr, with losses reducing by ₹50 Cr QoQ to ₹858 Cr and contribution margin improving to -1.8%.

Consolidated Revenue ₹6,383 Cr vs ₹4,410 Cr (▲44.73% YoY), EBITDA Loss ₹(698) Cr vs ₹(964) Cr (▲27.59% YoY loss reduction), PAT Loss ₹(800) Cr vs ₹(1,081) Cr (▲25.99% YoY loss reduction). EBITDA Margin improved from -21.86% to -10.94% (▲1092 bps).