Whalesbook
Toh scene yeh hai ki Swiggy is baar apne Q4 FY26 ke results mein loss ko kam karne ki try kar rahi hai. Analysts ka kehna hai ki loss around ₹857.56 Crore tak aa sakta hai, jo last year ke ₹971.66 Crore se kam hai. Aur revenue bhi lagbhag 40% badh kar ₹6,161.43 Crore tak pahunchne ka andaza hai.
Instamart Ki Tension
Lekin yahan ek twist hai! Yeh sab hone ke baad bhi, company ka Instamart wala business, matlab woh jo quick grocery delivery wala scene hai na, woh abhi bhi bahut paisa uda raha hai. Dark stores badhane mein, customers ko discount dene mein, aur naye log judne mein bahut kharcha ho raha hai. Is wajah se Instamart ka contribution margin gir kar -4.6% ho gaya tha Q3 FY25 mein, aur adjusted EBITDA margin bhi -14.8% tha. Yeh sab karne se food delivery ke core business par bhi impact pad raha hai, jahan revenue 17.6% badha hai FY25 mein, lekin margins wahan bhi pressure mein hain.
Fundraising Aur Market Ka Pressure
Apne accounts ko stable rakhne aur expansion ke liye Swiggy ne kuch bada paisa bhi uthaya hai. Pichhle saal unhone Rapido mein apna stake bech kar ₹2,400 Crore cash laaya aur ₹10,000 Crore ka QIP bhi kiya late 2025 mein. Lekin JM Financial jaise experts bol rahe hain ki yeh sab temporary hai, aur unko aage ke liye $500 million se zyada ka fund chahiye. HDFC Securities bhi bol rahe hain ki sector mein valuation high hai aur margins kam ho sakte hain, Zomato ka P/E ratio 988.85 dekh kar yeh lagta hai.
Competitors De Rahe Takkar
Aur bhai, competition toh dekho! Zomato ka Blinkit aur Zepto bhaukal bana rahe hain. Instamart ka market share jo pehle 52% tha, woh ab gir kar sirf 32% reh gaya hai January 2026 mein. Zepto bhi 32% par hai, aur Blinkit sabse aage 37% market share ke saath. Blinkit toh apna EBITDA margin 5-6% tak le aaya hai aur Q4 FY26 mein unhone ₹37 Crore ka adjusted EBITDA bhi report kiya hai, jo last year loss mein tha! Zomato ka overall profit bhi Q4 FY26 mein 346% badh gaya tha. Yeh saare log prices kam rakh rahe hain aur offers de rahe hain, jis se order toh badh rahe hain par profit kam ho raha hai.
Full-Year Projections
Overall FY26 ke liye analysts estimate kar rahe hain ki Swiggy ka revenue ₹16,333 Crore hoga aur net loss ₹3,107 Crore reh sakta hai. Toh bhai, results toh aa rahe hain, dekhte hain ki Swiggy yeh paisa kaise manage karti hai aur competitors ko kaise takkar deti hai. Profitability hi ab asal challenge hai.