I-Sec reiterates Buy on Swiggy, target price Rs 740

ICICI Securities has reiterated its buy call on Swiggy with a target price of Rs 740. The current market price of Swiggy is Rs 357.85. Swiggy, incorporated in 2013, is a Small Cap company with a market cap of Rs 88362.38 crore, operating in the Services sector.

Swiggy’s key products/revenue segments include Platform Services, Other Operating Revenue and Sale of Food for the year ending 31-Mar-2024.

Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 4530.71 crore, up 10.62 % from last quarter Total Income of Rs 4095.84 crore and up 44.14 % from last year same quarter Total Income of Rs 3143.24 crore. The company has reported net profit after tax of Rs -1078.96 crore in the latest quarter. The company’s top management includes Mr.Anand Kripalu, Mr.Sumer Juneja, Mr.Ashutosh Sharma, Mr.Anand Daniel, Ms.Suparna Mitra, Mr.Sahil Barua, Mr.Shailesh Vishnubhai Haribhakti, Mr.Lakshmi Nandan Reddy Obul, Mr.Sriharsha Majety, Mr.Roger Clark Rabalais. Company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 229 crore shares outstanding.

Investment Rationale
ICICI Securities reiterates BUY on Swiggy and maintains its three-stage DCF-based target price of Rs 740, assuming 11.5% WACC and 5terminal growth