Analysts/Institutional Investor Meet/Con. Call Updates Swiggy Limited has informed the Exchange about Transcript of the Earnings Conference Call for Analysts and Investors held on May 08, 2026 · 2026-05-08
A couple of quick questions from me. First one is we had guidance that we will breakeven at the EBITDA level in four quarters from contribution breakeven. So, does that still hold? And one more thing is, in this quarter, you've spoken about the contribution margin for the month of March. Now when we say contribution breakeven, you do mean for the full quarter, right?
Okay. So given you will be contribution breakeven. Beyond that, at the nondirect expenses, things like new user acquisition costs, et cetera, how should one model that in going forward, especially given we are not really seeing an MTU acceleration to the level that one would have kind of hoped for elevated levels of customer acquisition spends?
Swiggy Limited CC-May26.pdf · 2026-05-08
A couple of quick questions from me. First one is we had guidance that we will breakeven at the EBITDA level in four quarters from contribution breakeven. So, does that still hold? And one more thing is, in this quarter, you've spoken about the contribution margin for the month of March. Now when we say contribution breakeven, you do mean for the full quarter, right?
Okay. So given you will be contribution breakeven. Beyond that, at the nondirect expenses, things like new user acquisition costs, et cetera, how should one model that in going forward, especially given we are not really seeing an MTU acceleration to the level that one would have kind of hoped for elevated levels of customer acquisition spends?
Analysts/Institutional Investor Meet/Con. Call Updates Swiggy Limited has informed the Exchange about Transcript · 2026-01-29
Just first of all, great performance on Food Delivery. There, I just wanted to understand one thing. So, on the growth part, obviously, you mentioned that you will want to watch out for another quarter before you talk on the sustainability of growth, but as far as the margin improvement is concerned, we saw that contribution margin improved by about 30 bps. And you have said that it has come from efficiency improvement. Now do you see further room for improvement there, especially in the context of gig workers talking about increasing their payouts, etc.?
Swiggy Limited CC-Feb26.pdf · 2026-01-29
Just first of all, great performance on Food Delivery. There, I just wanted to understand one thing. So, on the growth part, obviously, you mentioned that you will want to watch out for another quarter before you talk on the sustainability of growth, but as far as the margin improvement is concerned, we saw that contribution margin improved by about 30 bps. And you have said that it has come from efficiency improvement. Now do you see further room for improvement there, especially in the context of gig workers talking about increasing their payouts, etc.?
Analysts/Institutional Investor Meet/Con. Call Updates Swiggy Limited has informed the Exchange about Transcript of the Earnings Conference Call for Analysts and Investors held on October 30, 2025 · 2025-10-30
Congratulations on a great set of numbers. So one question is that today, there was an article which came out where one of your competitors claimed that their order numbers are almost 40% higher than you during the Diwali season. And they are basically saying that in which case, there is no way that you can be higher on an NOV basis. So if you could give some clarity on that, plus if you would have any data, which would give clarity on what is the burn rate for the overall segment, these two data points will be very helpful.
Got it. Now on the NOV to GOV, that proportion has dipped to 70% in this quarter. I guess that would be also due to the sale that you did in this quarter. And in the letter, you have mentioned that it was funded by brands. Now what would be the outlook going forward on this NOV to GOV ratio?
Swiggy Limited CC-Nov25.pdf · 2025-10-30
Congratulations on a great set of numbers. So one question is that today, there was an article which came out where one of your competitors claimed that their order numbers are almost 40% higher than you during the Diwali season. And they are basically saying that in which case, there is no way that you can be higher on an NOV basis. So if you could give some clarity on that, plus if you would have any data, which would give clarity on what is the burn rate for the overall segment, these two data points will be very helpful.
Got it. Now on the NOV to GOV, that proportion has dipped to 70% in this quarter. I guess that would be also due to the sale that you did in this quarter. And in the letter, you have mentioned that it was funded by brands. Now what would be the outlook going forward on this NOV to GOV ratio?
Analysts/Institutional Investor Meet/Con. Call Updates Swiggy Limited has informed the Exchange about Transcript · 2025-07-31
Hey, hi. Thanks for the opportunity. My first question is for Amitesh. So, sir, great job on the AOV improvement. But trying to understand, what can be the mix of non-grocery items going ahead? I mean, can this go up to 25% or 30%? You could give some clarity on that. And with regards to the number of orders, which we have seen to moderate, because there was some grossing up of orders at Maxxsaver, etc. How would you drive order growth going ahead? If you can talk about these two things, that would be really helpful.
Yes. So, I was trying to understand, as this mix kind of improves, how do you kind of build out your assortment further? So, you are already talking about a large proportion of your metro audience having 30,000 SKUs, right? So, will that essentially drive it? And how do you increase the number of orders that are coming per MTU?
Swiggy Limited CC-Jun25.pdf · 2025-07-31
Hey, hi. Thanks for the opportunity. My first question is for Amitesh. So, sir, great job on the AOV improvement. But trying to understand, what can be the mix of non-grocery items going ahead? I mean, can this go up to 25% or 30%? You could give some clarity on that. And with regards to the number of orders, which we have seen to moderate, because there was some grossing up of orders at Maxxsaver, etc. How would you drive order growth going ahead? If you can talk about these two things, that would be really helpful.
Yes. So, I was trying to understand, as this mix kind of improves, how do you kind of build out your assortment further? So, you are already talking about a large proportion of your metro audience having 30,000 SKUs, right? So, will that essentially drive it? And how do you increase the number of orders that are coming per MTU?
Analysts/Institutional Investor Meet/Con. Call Updates Swiggy Limited has informed the Exchange about Transcript · 2025-05-09
Hi. So my first question is with regards to food delivery, right. So you have again seemed to gain a little bit of market share. So, any thoughts on what you are kind of doing right here? And, I mean, do you really think that market share gains are sustainable beyond this quarter as well?
Understood. Now if I look at the contribution margin level, I am guessing you would also want to achieve a 4% to 5% kind of adjusted EBITDA margin as a proportion of GOV in food, right? But when I see your adjusted EBITDA margin improvement in this quarter , it is broadly in line with the contribution margin improvement, which I do not think should be the case given you should be getting some scale benefits. So, why has that happened in food and what is the outlook on this going forward?
Swiggy Limited CC-Mar25.pdf · 2025-05-09
Hi. So my first question is with regards to food delivery, right. So you have again seemed to gain a little bit of market share. So, any thoughts on what you are kind of doing right here? And, I mean, do you really think that market share gains are sustainable beyond this quarter as well?
Understood. Now if I look at the contribution margin level, I am guessing you would also want to achieve a 4% to 5% kind of adjusted EBITDA margin as a proportion of GOV in food, right? But when I see your adjusted EBITDA margin improvement in this quarter , it is broadly in line with the contribution margin improvement, which I do not think should be the case given you should be getting some scale benefits. So, why has that happened in food and what is the outlook on this going forward?
Analysts/Institutional Investor Meet/Con. Call Updates Swiggy Limited has informed the Exchange about Transcript · 2025-02-05
Congratulations on a good show in food delivery. I had a few questions on quick commerce. First, so you have mentioned the 96 store additions in Q3 FY '25, which is obviously the net addition number. But what would be the gross addition number, if you could let us know, please?
Right. So therefore, when you move from a smaller store to a larger store, that also has an inflationary effect on your fixed expenses, right, which comes before contribution. So therefore, that also has an impact on the contribution margin going down?
Swiggy Limited CC-Dec24.pdf · 2025-02-05
Congratulations on a good show in food delivery. I had a few questions on quick commerce. First, so you have mentioned the 96 store additions in Q3 FY '25, which is obviously the net addition number. But what would be the gross addition number, if you could let us know, please?
Right. So therefore, when you move from a smaller store to a larger store, that also has an inflationary effect on your fixed expenses, right, which comes before contribution. So therefore, that also has an impact on the contribution margin going down?
Analysts/Institutional Investor Meet/Con. Call Updates Swiggy Limited has informed the Exchange about Transcript of the Earnings Conference Call for Analysts and Investors conducted on December03, 2024 · 2024-12-03
Hi. Congratulations on a great set of numbers. So, I have a couple of questions, but before I get to those, just to clarify a point that was raised previously. So, with regards to the warehousing that you’re saying that your supply chain business will do for your sellers on your network. So, as of now, you are not earning that revenue eit her, right? So, it’s not like – so basically you’re missing out on some revenue because your sellers are warehousing outside. Is that understanding correct?
Super. So, obviously, that rules out any question of inflation of margins. So, now just to come to the point of the take rates going up which you have spoken about from 15% to about 20 %- 22%. So, what do you think will be the primary lever for this take rate expansion? I mean, among your portfolio, whatever assortment improvement you do and the other things. So, if you could give us some sense of that, that would be very helpful?