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Swiggy Q4 Results Review: Motilal Oswal Maintains 'Neutral' Stance On The Stock, Cuts Target Price— Here's Why
Swiggy is likely to report a PAT margin of -18.9%/-10.0% in FY26/FY27, says Motilal Oswal maintaining 'Neutral' stance.
12 May 2025, 09:39 AM IST 
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Swiggy delivered a revenue of Rs 44.1 billion in Q4 FY25 (up 10.4% QoQ) vs estimate of Rs 42.2 billion.
(Photo source: Vijay Sartape/NDTV Profit)
While Swiggy is admittedly behind competitors when it comes to the 20,000+ stock keeping units game, its megapod strategy has the potential to breach the e-commerce territory and could provide a meaningful push to AOV. Motilal Oswal has argued earlier that take rates and average order values for Swiggy need to improve if contribution margin is to improve meaningfully, and this is a step in the right direction.
