Swiggy To Consider Rs 10,000-Crore Fundraise Via QIP
The announcement came minutes after the company reported its financial results for the second quarter of FY26.
Swiggy Ltd. has announced that it is mulling raising Rs 10,000 crore via Qualified Institutional Placement (QIP) or any other permitted modes under applicable laws, as per an exchange filing on Thursday.
The announcement came minutes after the company reported its financial results for the second quarter of FY26 with net loss for the quarter widening year-on-year and revenue rising.
The food delivery and ordering company reported a 54.4% year-on-year rise in its consolidated revenue during the quarter ended September.
The food delivery major logged a revenue of Rs 5,561 crore in the second quarter, compared to Rs 3,601 crore in the same quarter last year. The topline has exceeded the estimate of Rs 5,284.63 crore by analysts tracked by Bloomberg.
The company's loss in the second quarter came in at Rs 1,092 crore compared to a loss of Rs 554 crore in the same quarter of the previous fiscal.
Operating loss or earnings before interest, taxes, depreciation, and amortisation widens to Rs 798 crore.
Segment-Wise Performance
Swiggy’s food delivery business maintained its positive trajectory, posting an 22% year-on-year growth and 6.8% quarter-on-quarter rise in revenue. The food delivery business gross order value grew in line with the guidance at 18.8% year-on-year to Rs 8,542 crore.
However, the standout performer remains its quick commerce arm, which registered a staggering 100% year-on-year growth and 21.6% quarter-on-quarter increase in revenue, indicating strong traction in its express grocery and essentials delivery model. The Instamart segment's gross order value rose 108% year-on-year. The company added 40 darkstores. The average order value rose 39.7% year-on-year led by traction in Maxxsaver.
Swiggy Share Price Today
The stock settled 0.24% lower at Rs 417.95 apiece on the NSE, compared to a 0.68% decline in the benchmark Nifty 50.
Swiggy shares have fallen 8.34% in the last 12 months and 22.73% year-to-date.
Out of 26 analysts tracking the company, 20 maintain a 'buy' rating, two recommend a 'hold' and four suggest 'sell', according to Bloomberg data. The average 12-month consensus price target of Rs 482.57 implies an upside of 15.5%.
