Swiggy Limited — Investor Meet, 04-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Swiggy's Q3 FY26 call highlighted robust Food Delivery with 21% YoY GOV and 22% YoY MTU growth, expanding margins. Management projects growth at the upper end of its 18-20% guidance. Quick Commerce, despite adding 8 lakh MTUs, navigates intense competition. Swiggy reiterated its commitment to achieving contribution margin zero by AMJ’26, focusing on structural improvements and sustainable growth over discount-driven volumes. With a ~16,600 Cr cash balance, the company aims for IOCC conversion. Investments are expected to peak, signaling declining absolute losses, as management expresses confidence in controlling profitability amidst market challenges.