Swiggy Q4 Results Preview: Check Expectations, Key Factors To Watch, Targets & More

Recently listed Swiggy Ltd shall denote its results for nan 4th and financial twelvemonth ended connected March 31, 2025 connected Friday, May 09, 2025. Brokerage firms search nan institution judge that nan foodtech awesome whitethorn study a patient maturation successful gross connected a year-on-year (YoY) basis, while quarter-on-quarter (QoQ) shall stay successful azygous digits.

Besides this, they judge that nan institution will proceed to study losses connected an operational and nett basis, acknowledgment to expanding nonaccomplishment margins for nan 4th owed to rate burns. However, gross complete worth (GOV) and gross merchandise worth (GMV) is expected to emergence for nan quarter, starring to a beardown measurement growth.

Kotak Institutional Equities is expecting Swiggy to study gross astatine Rs 4,217.8 crore, up 38.5 per cent YoY and 5.6 per cent QoQ. Ebitda nonaccomplishment is seen expanding sharply to Rs 688.2 crore, pinch Ebitda nonaccomplishment margins expanding sharply to 16.3 per cent. Net nonaccomplishment is apt to travel successful astatine Rs 788 crore, doubling from nan erstwhile year. It has a 'buy' standing connected Swiggy pinch a target value of Rs 400.

We expect 4QFY25 gross to turn driven by 20 per cent YoY maturation successful nutrient transportation revenues and 119 YoY maturation successful Instamart revenues. The crisp 101 per cent YoY and 20 per cent QoQ GMV maturation successful Instamart will beryllium driven by accelerated shop addition. Overall profitability will be, however, impacted by crisp sequential summation successful ESOP costs to Rs 85 crore," it Kotak added.

Market stock summation aliases nonaccomplishment successful Food transportation and speedy commerce business,; bid measurement growth; scope for level interest description successful nutrient transportation business; adjusted Ebitda separator description /contraction and nett acheronian shop summation for Instamart shall beryllium nan cardinal factors to watchout.

Anand Rathi Shares & Stock Brokers expect Swiggy to study a gross of Rs 4,265 crore successful Q4FY25, up 40 per cent YoY and 6.8 per cent QoQ. Ebitda separator is seen antagonistic astatine 18.8 per cent, while nan institution whitethorn study a nett nonaccomplishment of Rs 879.6 crore successful nan 4th fourth of FY25.

"We expect 17 per cent YoY GOV growth, pinch 20-30 bps increases successful publication and adjusted Ebitda margins. In QC, we judge Q4 to person been nan highest successful position of finance and hence, expect losses to person widened owed to accelerated shop description ," said Anand Rathi, which has a 'buy' standing connected nan stock.

Ahead of 4th earnings, shares of Swiggy dropped 3.5 per cent to Rs 303.65 connected Monday, hardly awkward of its 52-week debased astatine Rs 303.05. The full marketplace capitalization of nan institution hardly held Rs 70,000 crore mark. The banal has collapsed much than 50 per cent from its 52-week precocious astatine Rs 617, deed successful December 2024.

Equirus Securities is expecting Swiggy's gross to travel successful astatine Rs 4,335.3 crore, up 42 per cent YoY and 9 per cent Qoq. Ebitda nonaccomplishment whitethorn travel successful astatine Rs 832.2 crore, pinch nonaccomplishment margins widening to 19.2 per cent for nan quarter. The institution whitethorn study a nett nonaccomplishment of Rs 896.5 crore for nan quarter. It has a 'reduce' standing connected nan banal pinch a target value of Rs 380.

"While nutrient transportation would station 2 per cent QoQ GOV degrowth, Instamart would station a beardown 32 per cent QoQ GOV growth. We expect sequential Adjusted Ebitda separator betterment of 45bps/34bps successful nutrient transportation and Instamart respectively, compared to 94bps betterment successful nutrient transportation and 419bps sequential diminution successful Instamart for 3QFY25," it said.

To recall, Swiggy raised a full of Rs 11,327.43 crore via IPO, by trading its shares for Rs 390 apiece successful November 2024. The banal is presently down 22 per cent from its IPO price. The banal has posted a double digit nonaccomplishment successful nan past 1 period period.

JM Financial is expecting Swiggy to study gross of Rs 4,195.6 crore, up 37.8 per cent YoY and 5.1 per cent QoQ. The institution whitethorn study an Ebitda nonaccomplishment of Rs 853.6 crore, pinch nett nonaccomplishment whitethorn travel successful astatine Rs 924.2 crore for nan quarter.

Swiggy's nutrient transportation maturation is expected to mean owed to broader depletion slowdown, fierce acheronian shop description is apt to consequence successful patient maturation trends successful speedy commerce, said JM, which has a 'buy' standing connected Swiggy pinch a target value of Rs 500.